National CineMedia, Inc. Forecasted to Post Q3 2024 Earnings of $0.05 Per Share (NASDAQ:NCMI)

National CineMedia, Inc. (NASDAQ:NCMI) – Stock analysts at Barrington Research raised their Q3 2024 earnings estimates for shares of National CineMedia in a report issued on Thursday, July 18th. Barrington Research analyst J. Goss now anticipates that the business services provider will post earnings of $0.05 per share for the quarter, up from their previous forecast of $0.04. The consensus estimate for National CineMedia’s current full-year earnings is $0.04 per share. Barrington Research also issued estimates for National CineMedia’s Q4 2025 earnings at $0.28 EPS and FY2025 earnings at $0.30 EPS.

Several other analysts also recently issued reports on the stock. Wedbush reissued a “neutral” rating and issued a $5.50 price target on shares of National CineMedia in a research report on Tuesday, May 7th. StockNews.com downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Finally, Benchmark reissued a “speculative buy” rating and issued a $6.00 price target on shares of National CineMedia in a research report on Monday, June 17th.

National CineMedia Stock Performance

NASDAQ:NCMI opened at $5.76 on Monday. The company has a fifty day moving average of $4.88 and a 200-day moving average of $4.60. The firm has a market capitalization of $555.76 million, a P/E ratio of 0.17 and a beta of 2.03. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.02. National CineMedia has a twelve month low of $2.75 and a twelve month high of $5.90.

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

Institutional Trading of National CineMedia

Several hedge funds have recently bought and sold shares of NCMI. Hotchkis & Wiley Capital Management LLC boosted its holdings in National CineMedia by 35.6% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 4,740,197 shares of the business services provider’s stock worth $19,624,000 after acquiring an additional 1,245,650 shares during the last quarter. Vanguard Group Inc. raised its stake in National CineMedia by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,584,556 shares of the business services provider’s stock valued at $18,460,000 after acquiring an additional 18,347 shares during the period. First Eagle Investment Management LLC raised its stake in National CineMedia by 37.6% in the 1st quarter. First Eagle Investment Management LLC now owns 1,966,355 shares of the business services provider’s stock valued at $10,127,000 after acquiring an additional 537,822 shares during the period. Wellington Management Group LLP raised its stake in National CineMedia by 16.3% in the 4th quarter. Wellington Management Group LLP now owns 1,336,947 shares of the business services provider’s stock valued at $5,535,000 after acquiring an additional 187,613 shares during the period. Finally, Ancora Advisors LLC raised its stake in 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 acquiring 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.