$45.63 Million in Sales Expected for National CineMedia, Inc. (NASDAQ:NCMI) This Quarter

Analysts forecast that National CineMedia, Inc. (NASDAQ:NCMI) will report $45.63 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for National CineMedia’s earnings. The highest sales estimate is $54.70 million and the lowest is $37.90 million. National CineMedia posted sales of $6.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 660.5%. The firm is scheduled to issue its next earnings report on Monday, November 1st.

According to Zacks, analysts expect that National CineMedia will report full-year sales of $154.25 million for the current fiscal year, with estimates ranging from $133.80 million to $169.50 million. For the next financial year, analysts expect that the company will post sales of $373.16 million, with estimates ranging from $314.15 million to $423.20 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow National CineMedia.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Sunday, August 8th. The business services provider reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.11). The firm had revenue of $14.00 million for the quarter, compared to analyst estimates of $20.15 million. During the same quarter in the prior year, the company earned ($0.17) EPS. National CineMedia’s revenue for the quarter was up 250.0% compared to the same quarter last year.

Several research firms have commented on NCMI. Wedbush reissued a “neutral” rating on shares of National CineMedia in a research report on Wednesday, August 4th. B. Riley reaffirmed a “buy” rating and set a $7.00 price objective on shares of National CineMedia in a report on Friday, October 1st. Barrington Research reissued a “buy” rating and issued a $5.50 price target on shares of National CineMedia in a report on Tuesday, August 10th. Finally, Zacks Investment Research raised shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $6.17.

In other news, insider Scott D. Felenstein sold 12,500 shares of the stock in a transaction on Monday, September 20th. The shares were sold at an average price of $2.79, for a total value of $34,875.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in NCMI. Raymond James Trust N.A. acquired a new stake in shares of National CineMedia during the 2nd quarter worth about $84,000. Quantbot Technologies LP raised its stake in shares of National CineMedia by 217.1% in the first quarter. Quantbot Technologies LP now owns 19,829 shares of the business services provider’s stock worth $91,000 after acquiring an additional 13,576 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of National CineMedia during the first quarter worth approximately $95,000. Ergoteles LLC bought a new stake in shares of National CineMedia during the second quarter valued at approximately $106,000. Finally, Wealth Alliance bought a new stake in shares of National CineMedia during the first quarter valued at approximately $118,000. Institutional investors and hedge funds own 68.16% of the company’s stock.

Shares of NCMI stock traded up $0.07 during trading hours on Monday, reaching $3.53. 5,352 shares of the stock traded hands, compared to its average volume of 730,481. The firm has a market capitalization of $286.13 million, a PE ratio of -3.04 and a beta of 1.85. The business has a fifty day moving average price of $2.97 and a 200 day moving average price of $3.95. National CineMedia has a 1-year low of $1.81 and a 1-year high of $6.11.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 6th. Stockholders of record on Monday, August 23rd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date was Friday, August 20th. National CineMedia’s dividend payout ratio is -20.00%.

National CineMedia Company Profile

National CineMedia, Inc is a holding company. It engages in the provision of advertising, business meetings, event services, and third-party theatre circuits under network affiliate agreements. The firm owns and operates the digital in-theatre network, which is used to distribute content for its advertising promotions, Fathom Events.

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Earnings History and Estimates for National CineMedia (NASDAQ:NCMI)

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