Zacks: Brokerages Expect National CineMedia, Inc. (NASDAQ:NCMI) Will Post Earnings of -$0.05 Per Share

Wall Street analysts expect National CineMedia, Inc. (NASDAQ:NCMIGet Rating) to post earnings per share of ($0.05) for the current quarter, according to Zacks. Two analysts have issued estimates for National CineMedia’s earnings, with estimates ranging from ($0.09) to ($0.02). National CineMedia reported earnings per share of ($0.28) during the same quarter last year, which would indicate a positive year over year growth rate of 82.1%. The business is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that National CineMedia will report full year earnings of ($0.10) per share for the current year, with EPS estimates ranging from ($0.25) to $0.03. For the next fiscal year, analysts expect that the company will post earnings of $0.20 per share, with EPS estimates ranging from $0.11 to $0.26. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow National CineMedia.

National CineMedia (NASDAQ:NCMIGet Rating) last released its quarterly earnings results on Monday, May 9th. The business services provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The firm had revenue of $35.90 million for the quarter, compared to analyst estimates of $33.45 million. During the same quarter in the prior year, the company earned ($0.25) EPS. The business’s quarterly revenue was up 564.8% on a year-over-year basis.

NCMI has been the subject of several research analyst reports. StockNews.com initiated coverage on shares of National CineMedia in a research report on Thursday, March 31st. They issued a “sell” rating for the company. Zacks Investment Research lowered shares of National CineMedia from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. B. Riley reduced their price target on shares of National CineMedia from $5.00 to $4.00 in a research report on Tuesday, May 10th. Finally, Wedbush reissued an “outperform” rating and set a $4.00 price target on shares of National CineMedia in a research report on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.00.

In other news, CEO Thomas F. Lesinski sold 15,081 shares of the firm’s stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of $2.97, for a total transaction of $44,790.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.40% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors Inc. grew its stake in National CineMedia by 7.8% in the 3rd quarter. Wasatch Advisors Inc. now owns 6,665,068 shares of the business services provider’s stock valued at $23,728,000 after acquiring an additional 484,372 shares during the period. BlackRock Inc. grew its stake in National CineMedia by 0.4% in the 4th quarter. BlackRock Inc. now owns 4,236,845 shares of the business services provider’s stock valued at $11,905,000 after acquiring an additional 17,214 shares during the period. Vanguard Group Inc. grew its stake in National CineMedia by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 3,121,904 shares of the business services provider’s stock valued at $7,930,000 after acquiring an additional 176,781 shares during the period. State Street Corp grew its stake in National CineMedia by 2.9% in the 1st quarter. State Street Corp now owns 1,255,295 shares of the business services provider’s stock valued at $3,188,000 after acquiring an additional 35,491 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in National CineMedia by 10.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,169,145 shares of the business services provider’s stock valued at $3,286,000 after acquiring an additional 109,466 shares during the period.

Shares of National CineMedia stock opened at $1.37 on Thursday. The firm has a market capitalization of $112.00 million, a P/E ratio of -2.04 and a beta of 1.38. The company has a 50 day moving average price of $2.29 and a 200 day moving average price of $2.73. National CineMedia has a 52 week low of $1.34 and a 52 week high of $5.37.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 7th. Stockholders of record on Monday, May 23rd will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, May 20th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 8.76%. National CineMedia’s payout ratio is -29.85%.

About National CineMedia (Get Rating)

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.

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