National CineMedia, Inc. (NASDAQ:NCMI) – Analysts at Wedbush issued their Q3 2020 earnings estimates for National CineMedia in a research note issued to investors on Monday, April 29th, according to Zacks Investment Research. Wedbush analyst A. Reese forecasts that the business services provider will post earnings of $0.16 per share for the quarter. Wedbush currently has a “Hold” rating and a $8.00 target price on the stock. Wedbush also issued estimates for National CineMedia’s Q4 2020 earnings at $0.26 EPS.
NCMI has been the subject of a number of other reports. Zacks Investment Research cut National CineMedia from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. BidaskClub raised National CineMedia from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. TheStreet cut National CineMedia from a “b-” rating to a “c” rating in a report on Tuesday, May 7th. Finally, Barrington Research reaffirmed a “hold” rating on shares of National CineMedia in a report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $9.31.
National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Monday, May 6th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. National CineMedia had a negative return on equity of 33.32% and a net margin of 6.98%. The company had revenue of $76.90 million during the quarter, compared to analysts’ expectations of $82.43 million. During the same period last year, the business earned ($0.03) earnings per share. The business’s revenue was down 4.1% on a year-over-year basis.
Large investors have recently made changes to their positions in the business. State of New Jersey Common Pension Fund D raised its position in shares of National CineMedia by 6.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,960,000 shares of the business services provider’s stock valued at $12,701,000 after buying an additional 120,000 shares during the period. MetLife Investment Advisors LLC grew its holdings in National CineMedia by 65.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 50,232 shares of the business services provider’s stock valued at $532,000 after purchasing an additional 19,950 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in National CineMedia by 5.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,542,690 shares of the business services provider’s stock valued at $26,927,000 after purchasing an additional 122,499 shares in the last quarter. Martingale Asset Management L P acquired a new stake in National CineMedia during the 3rd quarter valued at $2,365,000. Finally, North Star Investment Management Corp. grew its holdings in National CineMedia by 9.6% during the 4th quarter. North Star Investment Management Corp. now owns 583,011 shares of the business services provider’s stock valued at $3,778,000 after purchasing an additional 51,292 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.68 annualized dividend and a yield of 9.30%. National CineMedia’s dividend payout ratio is currently 183.78%.
About National CineMedia
National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-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.
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