Q4 2024 EPS Estimates for National CineMedia, Inc. Lowered by B. Riley (NASDAQ:NCMI)

National CineMedia, Inc. (NASDAQ:NCMI) – Equities research analysts at B. Riley reduced their Q4 2024 earnings per share (EPS) estimates for National CineMedia in a report issued on Thursday, October 3rd. B. Riley analyst E. Wold now forecasts that the business services provider will post earnings of $0.19 per share for the quarter, down from their prior forecast of $0.26. B. Riley currently has a “Buy” rating and a $8.50 target price on the stock. The consensus estimate for National CineMedia’s current full-year earnings is ($0.02) per share. B. Riley also issued estimates for National CineMedia’s Q4 2025 earnings at $0.33 EPS.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Monday, August 5th. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The company had revenue of $54.70 million during the quarter, compared to analysts’ expectations of $49.87 million. National CineMedia had a return on equity of 3.50% and a net margin of 78.04%. During the same period in the previous year, the firm posted ($0.07) EPS.

Other equities analysts also recently issued research reports about the company. Wedbush restated a “neutral” rating and issued a $6.00 target price on shares of National CineMedia in a research report on Tuesday, August 6th. Barrington Research raised shares of National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 target price on the stock in a research note on Tuesday, August 6th. Finally, Benchmark reiterated a “buy” rating and issued a $8.00 target price on shares of National CineMedia in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.50.

National CineMedia Trading Down 0.3 %

NCMI stock opened at $6.65 on Friday. National CineMedia has a 12-month low of $3.51 and a 12-month high of $7.25. The business’s 50-day moving average is $6.60 and its 200 day moving average is $5.49. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.03. The stock has a market cap of $642.21 million, a price-to-earnings ratio of 0.20 and a beta of 2.08.

Hedge Funds Weigh In On National CineMedia

A number of institutional investors have recently added to or reduced their stakes in NCMI. SG Americas Securities LLC acquired a new position in National CineMedia in the 2nd quarter valued at about $56,000. Fermata Advisors LLC purchased a new position in National CineMedia in the second quarter worth approximately $92,000. Bayesian Capital Management LP purchased a new position in National CineMedia in the first quarter worth approximately $104,000. Oppenheimer Asset Management Inc. increased its stake in National CineMedia by 38.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock worth $123,000 after acquiring an additional 6,690 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in National CineMedia in the second quarter valued at $124,000. Hedge funds and other institutional investors own 69.49% of the company’s stock.

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.