National CineMedia (NASDAQ:NCMI) Announces Earnings Results

National CineMedia (NASDAQ:NCMI) posted its earnings results on Monday, March 12th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.06, Bloomberg Earnings reports. National CineMedia had a net margin of 0.12% and a negative return on equity of 55.42%. The business had revenue of $140.70 million for the quarter, compared to analyst estimates of $144.48 million. During the same period in the prior year, the company posted $0.24 EPS. The company’s revenue for the quarter was down 1.3% on a year-over-year basis.

NCMI traded up $0.15 on Thursday, hitting $5.44. 552,692 shares of the company were exchanged, compared to its average volume of 781,764. National CineMedia has a fifty-two week low of $5.09 and a fifty-two week high of $12.70. The firm has a market capitalization of $414.67, a P/E ratio of 13.25, a PEG ratio of 1.61 and a beta of 0.55. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of -769.42.

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The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 22nd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, March 21st. This represents a $0.68 annualized dividend and a yield of 12.50%. National CineMedia’s payout ratio is currently 170.00%.

In other National CineMedia news, major shareholder General L.P. Standard purchased 249,600 shares of National CineMedia stock in a transaction on Friday, March 16th. The shares were bought at an average price of $5.74 per share, with a total value of $1,432,704.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 1,387,513 shares of company stock worth $7,889,192 in the last ninety days. Insiders own 5.40% of the company’s stock.

A number of brokerages have recently issued reports on NCMI. Zacks Investment Research downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. BidaskClub cut shares of National CineMedia from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Benchmark reaffirmed a “buy” rating and set a $10.00 price objective (down from $12.00) on shares of National CineMedia in a research report on Tuesday, March 13th. Barrington Research reissued a “hold” rating on shares of National CineMedia in a research report on Monday, March 19th. Finally, B. Riley raised shares of National CineMedia from a “neutral” rating to a “buy” rating and set a $7.00 price target for the company in a research report on Monday, March 19th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $7.92.

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National CineMedia Company Profile

National CineMedia, Inc is a holding company that engages in the provision of advertising, business meetings, event services and third-party theatre circuits under network affiliate agreements. It owns and operates the digital in-theatre network in North America, which is used to distribute content for its advertising promotions, Fathom Events.

Earnings History for National CineMedia (NASDAQ:NCMI)

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