Analysts Offer Predictions for National CineMedia, Inc.’s Q2 2024 Earnings (NASDAQ:NCMI)

National CineMedia, Inc. (NASDAQ:NCMI) – Equities research analysts at Barrington Research issued their Q2 2024 earnings per share (EPS) estimates for National CineMedia in a research note issued on Tuesday, May 7th. Barrington Research analyst J. Goss expects that the business services provider will earn ($0.04) per share for the quarter. The consensus estimate for National CineMedia’s current full-year earnings is $0.05 per share. Barrington Research also issued estimates for National CineMedia’s Q1 2025 earnings at ($0.08) EPS and Q2 2025 earnings at $0.03 EPS.

A number of other equities research analysts also recently issued reports on the stock. Benchmark reissued a “speculative buy” rating and issued a $6.00 price target on shares of National CineMedia in a report on Tuesday. B. Riley upgraded shares of National CineMedia from a “neutral” rating to a “buy” rating and increased their target price for the stock from $4.50 to $6.75 in a research note on Tuesday, March 19th. Wedbush reissued a “neutral” rating and issued a $5.50 price target on shares of National CineMedia in a report on Tuesday. Finally, StockNews.com cut shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday.

National CineMedia Stock Up 1.7 %

Shares of NASDAQ NCMI opened at $4.69 on Thursday. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.02. The company has a market cap of $455.05 million, a P/E ratio of 0.14 and a beta of 1.93. National CineMedia has a 52 week low of $2.57 and a 52 week high of $5.75. The business has a 50-day simple moving average of $4.68 and a two-hundred day simple moving average of $4.29.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Monday, March 18th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $90.90 million during the quarter, compared to the consensus estimate of $77.25 million. National CineMedia had a net margin of 426.68% and a negative return on equity of 22.42%.

Institutional Investors Weigh In On National CineMedia

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hill Investment Group Partners LLC increased its holdings in shares of National CineMedia by 67.4% in the 4th quarter. Hill Investment Group Partners LLC now owns 17,116 shares of the business services provider’s stock worth $71,000 after buying an additional 6,889 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of National CineMedia by 38.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock worth $123,000 after purchasing an additional 6,690 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in shares of National CineMedia during the 3rd quarter valued at about $136,000. Bank of New York Mellon Corp bought a new stake in National CineMedia in the 3rd quarter worth approximately $212,000. Finally, Jump Financial LLC purchased a new stake in National CineMedia in the fourth quarter worth approximately $218,000. 69.49% of the stock is owned by hedge funds and other institutional investors.

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 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.