Wall Street analysts expect National CineMedia, Inc. (NASDAQ:NCMI) to post earnings of ($0.07) per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for National CineMedia’s earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at ($0.06). National CineMedia posted earnings of $0.11 per share in the same quarter last year, which suggests a negative year over year growth rate of 163.6%. The company is scheduled to announce its next quarterly earnings results on Monday, August 3rd.
According to Zacks, analysts expect that National CineMedia will report full year earnings of ($0.23) per share for the current year, with EPS estimates ranging from ($0.46) to $0.02. For the next financial year, analysts expect that the business will report earnings of $0.23 per share, with EPS estimates ranging from $0.00 to $0.51. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow National CineMedia.
National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.01). The business had revenue of $64.70 million during the quarter, compared to analysts’ expectations of $64.23 million. National CineMedia had a net margin of 7.74% and a negative return on equity of 27.33%. National CineMedia’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 posted ($0.01) EPS.
Shares of National CineMedia stock traded down $0.03 during trading on Tuesday, hitting $2.96. 805,000 shares of the company were exchanged, compared to its average volume of 928,102. National CineMedia has a fifty-two week low of $1.62 and a fifty-two week high of $9.85. The stock has a market capitalization of $238.08 million, a price-to-earnings ratio of 7.07 and a beta of 1.02. The firm has a 50 day moving average price of $3.03 and a 200 day moving average price of $5.08.
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were paid a $0.07 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.28 annualized dividend and a dividend yield of 9.46%. National CineMedia’s payout ratio is currently 59.57%.
In other news, major shareholder General L.P. Standard purchased 715,025 shares of the company’s stock in a transaction on Friday, April 3rd. The shares were bought at an average price of $2.51 per share, for a total transaction of $1,794,712.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 1,543,142 shares of company stock worth $4,040,890 in the last 90 days. 4.00% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in NCMI. Wasatch Advisors Inc. increased its stake in shares of National CineMedia by 29.9% in the first quarter. Wasatch Advisors Inc. now owns 3,562,752 shares of the business services provider’s stock valued at $11,615,000 after purchasing an additional 820,456 shares during the period. Madison Asset Management LLC bought a new position in shares of National CineMedia in the fourth quarter valued at approximately $4,704,000. Norges Bank bought a new position in shares of National CineMedia in the fourth quarter valued at approximately $1,706,000. ArrowMark Colorado Holdings LLC boosted its holdings in shares of National CineMedia by 2.2% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 10,421,468 shares of the business services provider’s stock valued at $75,973,000 after acquiring an additional 220,939 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of National CineMedia in the fourth quarter valued at approximately $1,143,000. Institutional investors own 97.31% of the company’s stock.
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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