Barrington Research Predicts NCMI FY2024 Earnings

National CineMedia, Inc. (NASDAQ:NCMI) – Investment analysts at Barrington Research cut their FY2024 earnings per share (EPS) estimates for shares of National CineMedia in a report issued on Wednesday, November 6th. Barrington Research analyst J. Goss now expects that the business services provider will post earnings of ($0.24) per share for the year, down from their prior 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 ($0.06) per share. Barrington Research also issued estimates for National CineMedia’s FY2025 earnings at $0.21 EPS and FY2026 earnings at $0.40 EPS.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $62.40 million during the quarter, compared to the consensus estimate of $58.20 million. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. During the same quarter in the previous year, the business posted $0.33 earnings per share.

Other equities research analysts have also recently issued reports about the stock. Benchmark restated a “buy” rating and set a $8.00 price objective on shares of National CineMedia in a research note on Monday, September 23rd. Wedbush reiterated a “neutral” rating and issued a $7.50 price objective (up from $6.00) on shares of National CineMedia in a report on Monday, November 4th. Finally, B. Riley boosted their target price on National CineMedia from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.06.

National CineMedia Stock Down 4.6 %

NCMI opened at $6.30 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 2.45. National CineMedia has a 12 month low of $3.63 and a 12 month high of $7.39. The stock’s 50 day moving average price is $6.86 and its 200 day moving average price is $5.80. The stock has a market cap of $598.00 million, a P/E ratio of -25.20 and a beta of 2.07.

Hedge Funds Weigh In On National CineMedia

A number of hedge funds and other institutional investors have recently modified their holdings of NCMI. First Eagle Investment Management LLC lifted its position in shares of 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 in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of National CineMedia by 270.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 208,649 shares of the business services provider’s stock valued at $916,000 after buying an additional 152,251 shares during the last quarter. Rhumbline Advisers acquired a new stake in shares of National CineMedia during the 2nd quarter valued at about $427,000. Bank of New York Mellon Corp bought a new position in National CineMedia during the second quarter valued at approximately $979,000. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of National CineMedia by 38.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock worth $123,000 after purchasing an additional 6,690 shares during the last quarter. 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.