National CineMedia, Inc. (NASDAQ:NCMI – Get Rating) – Equities research analysts at Barrington Research reduced their Q4 2022 earnings per share (EPS) estimates for shares of National CineMedia in a report issued on Monday, July 25th. Barrington Research analyst J. Goss now forecasts that the business services provider will post earnings per share of $0.12 for the quarter, down from their prior forecast of $0.14. The consensus estimate for National CineMedia’s current full-year earnings is ($0.22) per share. Barrington Research also issued estimates for National CineMedia’s Q4 2023 earnings at $0.18 EPS.
A number of other research analysts have also recently issued reports on NCMI. StockNews.com started coverage on National CineMedia in a research note on Thursday, March 31st. They set a “sell” rating for the company. B. Riley lowered their price objective on National CineMedia from $4.00 to $1.50 and set a “neutral” rating for the company in a research note on Tuesday, June 21st. Finally, Wedbush restated an “outperform” rating and issued a $4.00 price target on shares of National CineMedia in a research note on Tuesday, May 10th.
National CineMedia Stock Up 4.4 %
National CineMedia (NASDAQ:NCMI – Get Rating) last released its earnings results on Monday, May 9th. The business services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The firm had revenue of $35.90 million during the quarter, compared to the consensus estimate of $33.45 million. The firm’s revenue for the quarter was up 564.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.25) EPS.
National CineMedia Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 7th. Stockholders of record on Monday, May 23rd were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 8.51%. The ex-dividend date was Friday, May 20th. National CineMedia’s dividend payout ratio is currently -17.91%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of National CineMedia in the fourth quarter worth $137,000. AEGON USA Investment Management LLC bought a new stake in shares of National CineMedia in the fourth quarter worth $233,000. Centaurus Financial Inc. grew its holdings in shares of National CineMedia by 98.9% in the fourth quarter. Centaurus Financial Inc. now owns 37,546 shares of the business services provider’s stock worth $106,000 after acquiring an additional 18,671 shares during the period. RFG Advisory LLC grew its holdings in shares of National CineMedia by 64.3% in the fourth quarter. RFG Advisory LLC now owns 192,321 shares of the business services provider’s stock worth $540,000 after acquiring an additional 75,262 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in shares of National CineMedia by 264.3% in the fourth quarter. New York State Common Retirement Fund now owns 26,165 shares of the business services provider’s stock worth $74,000 after acquiring an additional 18,982 shares during the period.
About National CineMedia
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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