National CineMedia, Inc. (NASDAQ:NCMI) to Post Q3 2024 Earnings of ($0.09) Per Share, B. Riley Forecasts

National CineMedia, Inc. (NASDAQ:NCMI) – Investment analysts at B. Riley decreased their Q3 2024 EPS estimates for National CineMedia in a research note issued to investors on Sunday, July 7th. B. Riley analyst E. Wold now anticipates that the business services provider will earn ($0.09) per share for the quarter, down from their prior estimate of ($0.06). B. Riley currently has a “Buy” rating and a $6.75 price objective on the stock. The consensus estimate for National CineMedia’s current full-year earnings is $0.04 per share. B. Riley also issued estimates for National CineMedia’s Q4 2024 earnings at $0.30 EPS, FY2024 earnings at ($0.08) EPS, Q1 2025 earnings at ($0.19) EPS and Q2 2025 earnings at ($0.03) EPS.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Monday, May 6th. The business services provider reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.11). The firm had revenue of $34.80 million during the quarter, compared to analyst estimates of $34.73 million. National CineMedia had a return on equity of 3.45% and a net margin of 426.76%.

A number of other brokerages also recently weighed in on NCMI. StockNews.com downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Benchmark restated a “speculative buy” rating and set a $6.00 price target on shares of National CineMedia in a research report on Monday, June 17th. Finally, Wedbush restated a “neutral” rating and set a $5.50 price target on shares of National CineMedia in a research report on Tuesday, May 7th.

National CineMedia Trading Up 5.3 %

Shares of National CineMedia stock opened at $4.81 on Wednesday. The firm has a 50-day simple moving average of $4.79 and a two-hundred day simple moving average of $4.54. The company has a market cap of $464.50 million, a P/E ratio of 0.14 and a beta of 2.03. National CineMedia has a fifty-two week low of $2.75 and a fifty-two week high of $5.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.76 and a current ratio of 2.76.

Institutional Trading of National CineMedia

A number of hedge funds have recently bought and sold shares of NCMI. First Eagle Investment Management LLC acquired a new stake in National CineMedia in the 4th quarter valued at about $5,914,000. Hotchkis & Wiley Capital Management LLC grew its stake in shares of National CineMedia by 35.6% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 4,740,197 shares of the business services provider’s stock valued at $19,624,000 after buying an additional 1,245,650 shares during the period. Wellington Management Group LLP purchased a new stake in shares of National CineMedia in the 3rd quarter valued at approximately $5,161,000. Gendell Jeffrey L purchased a new stake in shares of National CineMedia in the 1st quarter valued at approximately $2,352,000. Finally, Ancora Advisors LLC grew its stake in shares of National CineMedia by 64.2% in the 1st quarter. Ancora Advisors LLC now owns 1,136,476 shares of the business services provider’s stock valued at $5,853,000 after buying an additional 444,433 shares during the period. Institutional investors and hedge funds own 69.49% of the company’s stock.

National CineMedia Company Profile

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment 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.