J P Morgan Chase & Co reiterated their neutral rating on shares of National CineMedia, Inc. (NASDAQ:NCMI) in a research report report published on Tuesday, August 8th, Marketbeat Ratings reports. They currently have a $8.00 price objective on the business services provider’s stock, down from their previous price objective of $12.00.
NCMI has been the topic of several other reports. B. Riley restated a buy rating and set a $14.00 price objective on shares of National CineMedia in a research note on Tuesday, May 23rd. FBR & Co lowered National CineMedia from an outperform rating to a market perform rating and set a $12.00 target price for the company. in a research report on Friday, May 5th. Barrington Research lowered National CineMedia from an outperform rating to a market perform rating in a report on Monday, May 15th. BidaskClub lowered National CineMedia from a sell rating to a strong sell rating in a report on Saturday, July 8th. Finally, Zacks Investment Research lowered National CineMedia from a hold rating to a sell rating in a report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and an average price target of $12.51.
Shares of National CineMedia (NCMI) opened at 5.52 on Tuesday. The company’s 50 day moving average is $6.84 and its 200-day moving average is $9.82. National CineMedia has a 12 month low of $5.41 and a 12 month high of $16.05. The company has a market cap of $334.59 million, a P/E ratio of 17.25 and a beta of 0.64.
National CineMedia (NASDAQ:NCMI) last issued its earnings results on Monday, August 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.04. National CineMedia had a negative return on equity of 16.58% and a net margin of 4.56%. The firm had revenue of $97.10 million during the quarter, compared to the consensus estimate of $104.30 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. National CineMedia’s revenue for the quarter was down 15.9% on a year-over-year basis. Analysts expect that National CineMedia will post $0.29 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Saturday, August 12th will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.88 dividend on an annualized basis and a yield of 15.94%. National CineMedia’s payout ratio is 283.87%.
A number of hedge funds have recently added to or reduced their stakes in NCMI. Wells Fargo & Company MN increased its stake in National CineMedia by 19.6% in the first quarter. Wells Fargo & Company MN now owns 171,759 shares of the business services provider’s stock worth $2,169,000 after buying an additional 28,206 shares during the last quarter. North Star Investment Management Corp. increased its stake in shares of National CineMedia by 20.7% in the first quarter. North Star Investment Management Corp. now owns 169,870 shares of the business services provider’s stock valued at $2,145,000 after buying an additional 29,156 shares during the last quarter. NJ State Employees Deferred Compensation Plan bought a new stake in shares of National CineMedia during the first quarter valued at $505,000. Punch & Associates Investment Management Inc. increased its stake in shares of National CineMedia by 84.2% in the first quarter. Punch & Associates Investment Management Inc. now owns 299,040 shares of the business services provider’s stock valued at $3,777,000 after buying an additional 136,660 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of National CineMedia by 189.7% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,130,000 shares of the business services provider’s stock valued at $14,272,000 after buying an additional 740,000 shares during the last quarter. Institutional investors own 89.68% of the company’s stock.
National CineMedia Company Profile
National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.
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