FY2024 EPS Estimate for National CineMedia Cut by Analyst

National CineMedia, Inc. (NASDAQ:NCMI) – Stock analysts at Barrington Research dropped their FY2024 earnings per share estimates for National CineMedia in a research note issued on Wednesday, November 6th. Barrington Research analyst J. Goss now anticipates that the business services provider will post earnings per share of ($0.24) for the year, down from their previous estimate of ($0.11). Barrington Research currently has a “Outperform” rating and a $8.25 target price on the stock. The consensus estimate for National CineMedia’s current full-year earnings is ($0.05) per share. Barrington Research also issued estimates for National CineMedia’s FY2025 earnings at $0.21 EPS and FY2026 earnings at $0.40 EPS.

Several other equities research analysts have also recently weighed in on NCMI. Benchmark reiterated a “buy” rating and issued a $8.00 target price on shares of National CineMedia in a research note on Monday, September 23rd. Wedbush reiterated a “neutral” rating and issued a $7.50 target price (up previously from $6.00) on shares of National CineMedia in a research note on Monday. Finally, B. Riley raised their price target on shares of National CineMedia from $7.50 to $8.50 and gave the stock a “buy” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.06.

National CineMedia Stock Up 1.1 %

NASDAQ NCMI opened at $6.61 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.45 and a current ratio of 2.45. The firm has a 50-day simple moving average of $6.88 and a 200 day simple moving average of $5.79. National CineMedia has a twelve month low of $3.63 and a twelve month high of $7.39. The stock has a market cap of $637.84 million, a PE ratio of 2.46 and a beta of 2.07.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). National CineMedia had a net margin of 78.04% and a return on equity of 3.50%. The business had revenue of $62.40 million during the quarter, compared to analyst estimates of $58.20 million. During the same period in the prior year, the business posted $0.33 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NCMI. SG Americas Securities LLC bought a new position in shares of National CineMedia in the second quarter valued at approximately $56,000. Fermata Advisors LLC bought a new position in shares of National CineMedia in the second quarter valued at approximately $92,000. Bayesian Capital Management LP bought a new position in shares of National CineMedia in the first quarter valued at approximately $104,000. Oppenheimer Asset Management Inc. raised its stake in shares of National CineMedia by 38.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 6,690 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of National CineMedia in the second quarter valued at approximately $124,000. Institutional investors own 69.49% of the company’s stock.

About National CineMedia

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.