Zacks: Brokerages Anticipate National CineMedia, Inc. (NCMI) to Post $0.06 EPS

Equities analysts predict that National CineMedia, Inc. (NASDAQ:NCMI) will report earnings of $0.06 per share for the current quarter, according to Zacks. Four analysts have issued estimates for National CineMedia’s earnings, with the highest EPS estimate coming in at $0.08 and the lowest estimate coming in at $0.05. National CineMedia reported earnings per share of $0.11 during the same quarter last year, which would suggest a negative year-over-year growth rate of 45.5%. The company is scheduled to report its next earnings results on Monday, August 14th.

According to Zacks, analysts expect that National CineMedia will report full year earnings of $0.31 per share for the current financial year, with EPS estimates ranging from $0.27 to $0.35. For the next year, analysts expect that the company will post earnings of $0.36 per share, with EPS estimates ranging from $0.33 to $0.40. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for National CineMedia.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Thursday, May 4th. The business services provider reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. National CineMedia had a negative return on equity of 13.70% and a net margin of 3.92%. The business had revenue of $71.90 million for the quarter, compared to analysts’ expectations of $73.82 million. During the same quarter last year, the company posted ($0.05) earnings per share. The business’s quarterly revenue was down 5.6% compared to the same quarter last year.

NCMI has been the topic of a number of research analyst reports. Credit Suisse Group AG downgraded National CineMedia from an “outperform” rating to an “underperform” rating and set a $13.00 price target on the stock. in a report on Wednesday, February 1st. B. Riley reiterated a “buy” rating and set a $18.75 price target on shares of National CineMedia in a report on Wednesday, February 15th. FBR & Co reiterated an “outperform” rating and set a $14.00 price target (down previously from $17.00) on shares of National CineMedia in a report on Friday, February 24th. Zacks Investment Research downgraded National CineMedia from a “buy” rating to a “hold” rating in a report on Saturday, February 25th. Finally, JPMorgan Chase & Co. downgraded National CineMedia from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $17.00 to $12.00 in a report on Friday, May 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $14.65.

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National CineMedia (NASDAQ:NCMI) traded up 2.83% during trading on Monday, reaching $7.63. The company had a trading volume of 896,596 shares. The firm has a market capitalization of $462.34 million, a price-to-earnings ratio of 18.70 and a beta of 0.89. National CineMedia has a 12 month low of $7.22 and a 12 month high of $16.10. The stock has a 50 day moving average price of $10.92 and a 200 day moving average price of $13.29.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, May 18th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, May 16th. This represents a $0.88 dividend on an annualized basis and a yield of 11.53%. National CineMedia’s payout ratio is 314.30%.

A number of hedge funds have recently added to or reduced their stakes in NCMI. NJ State Employees Deferred Compensation Plan purchased a new stake in National CineMedia during the first quarter worth about $505,000. Russell Investments Group Ltd. purchased a new stake in National CineMedia during the fourth quarter worth about $710,000. Renaissance Technologies LLC boosted its stake in National CineMedia by 3.4% in the fourth quarter. Renaissance Technologies LLC now owns 547,600 shares of the business services provider’s stock worth $8,066,000 after buying an additional 17,800 shares during the last quarter. State Street Corp boosted its stake in National CineMedia by 5.5% in the fourth quarter. State Street Corp now owns 1,333,819 shares of the business services provider’s stock worth $19,649,000 after buying an additional 69,689 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in National CineMedia during the fourth quarter worth about $220,000. 91.92% of the stock is owned by hedge funds and other institutional investors.

About National CineMedia

National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.

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