National CineMedia (NASDAQ:NCMI) – Analysts at B. Riley decreased their Q1 2019 earnings per share estimates for shares of National CineMedia in a research report issued on Wednesday, Zacks Investment Research reports. B. Riley analyst E. Wold now anticipates that the business services provider will post earnings per share of ($0.04) for the quarter, down from their previous forecast of ($0.03). B. Riley has a “Buy” rating and a $7.00 price target on the stock.
Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered National CineMedia from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. BidaskClub lowered National CineMedia from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Benchmark reissued a “buy” rating and set a $10.00 price objective (down from $12.00) on shares of National CineMedia in a research note on Tuesday, March 13th. Barrington Research reissued a “hold” rating on shares of National CineMedia in a research note on Monday, March 19th. Finally, ValuEngine raised National CineMedia from a “sell” rating to a “hold” rating in a research note on Thursday, March 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. National CineMedia currently has an average rating of “Hold” and a consensus price target of $7.92.
Shares of NCMI traded up $0.04 during trading hours on Friday, hitting $5.23. 748,395 shares of the company were exchanged, compared to its average volume of 793,511. The firm has a market cap of $410.71, a PE ratio of 13.08, a P/E/G ratio of 1.59 and a beta of 0.55. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of -769.42. National CineMedia has a one year low of $5.11 and a one year high of $12.74.
National CineMedia (NASDAQ:NCMI) last released its quarterly earnings data on Monday, March 12th. The business services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. The business had revenue of $140.70 million during the quarter, compared to analyst estimates of $144.48 million. National CineMedia had a negative return on equity of 55.42% and a net margin of 0.12%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.24 EPS.
Several large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its holdings in shares of National CineMedia by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 50,503 shares of the business services provider’s stock worth $375,000 after acquiring an additional 2,341 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of National CineMedia by 14.2% during the second quarter. Voya Investment Management LLC now owns 33,589 shares of the business services provider’s stock worth $249,000 after acquiring an additional 4,171 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of National CineMedia by 30.5% during the second quarter. Stifel Financial Corp now owns 19,126 shares of the business services provider’s stock worth $142,000 after acquiring an additional 4,468 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of National CineMedia by 32.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 33,000 shares of the business services provider’s stock worth $226,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of National CineMedia by 16.8% during the fourth quarter. Schroder Investment Management Group now owns 96,033 shares of the business services provider’s stock worth $659,000 after acquiring an additional 13,807 shares in the last quarter. Institutional investors and hedge funds own 86.41% of the company’s stock.
In other National CineMedia news, major shareholder General L.P. Standard bought 888,513 shares of the firm’s stock in a transaction dated Tuesday, March 20th. The stock was acquired at an average price of $5.72 per share, with a total value of $5,082,294.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders bought 1,387,513 shares of company stock valued at $7,889,192. 5.40% of the stock is currently owned by insiders.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 22nd were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 21st. This represents a $0.68 annualized dividend and a dividend yield of 13.00%. National CineMedia’s dividend payout ratio (DPR) is presently 170.00%.
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About National CineMedia
National CineMedia, Inc is a holding company that engages in the provision of advertising, business meetings, event services and third-party theatre circuits under network affiliate agreements. It owns and operates the digital in-theatre network in North America, which is used to distribute content for its advertising promotions, Fathom Events.
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