National CineMedia, Inc. (NASDAQ:NCMI) released its quarterly earnings data on Monday, August 7th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.04, Briefing.com reports. The business had revenue of $97.10 million during the quarter, compared to analyst estimates of $104.30 million. National CineMedia had a negative return on equity of 16.58% and a net margin of 4.56%. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS.
National CineMedia (NASDAQ:NCMI) traded down 0.18% on Friday, reaching $5.52. The company had a trading volume of 1,398,374 shares. The company has a market capitalization of $334.59 million, a price-to-earnings ratio of 17.25 and a beta of 0.64. National CineMedia has a 12 month low of $5.41 and a 12 month high of $16.05. The company’s 50 day moving average price is $6.84 and its 200-day moving average price is $9.82.
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 issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 15.94%. The ex-dividend date of this dividend is Wednesday, August 9th. National CineMedia’s payout ratio is currently 283.87%.
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A number of equities analysts have commented on NCMI shares. B. Riley reaffirmed a “buy” rating and issued a $16.00 price objective on shares of National CineMedia in a report on Tuesday, May 2nd. Zacks Investment Research cut National CineMedia from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. FBR & Co cut National CineMedia from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research note on Friday, May 5th. J P Morgan Chase & Co cut shares of National CineMedia from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $17.00 to $12.00 in a research note on Friday, May 5th. Finally, Barrington Research cut shares of National CineMedia from an “outperform” rating to a “market perform” rating in a research note on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. National CineMedia presently has an average rating of “Hold” and a consensus price target of $12.51.
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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