Wedbush Predicts Reduced Earnings for National CineMedia

National CineMedia, Inc. (NASDAQ:NCMI) – Research analysts at Wedbush cut their FY2024 earnings estimates for shares of National CineMedia in a note issued to investors on Wednesday, November 6th. Wedbush analyst A. Reese now forecasts that the business services provider will post earnings of ($0.01) per share for the year, down from their prior estimate of $0.07. Wedbush has a “Neutral” rating and a $7.50 price objective on the stock. The consensus estimate for National CineMedia’s current full-year earnings is ($0.06) per share. Wedbush also issued estimates for National CineMedia’s Q1 2025 earnings at ($0.21) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.51 EPS, FY2025 earnings at $0.25 EPS and FY2026 earnings at $0.32 EPS.

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

A number of other research firms have also recently commented on NCMI. Benchmark restated a “buy” rating and issued a $8.00 price objective on shares of National CineMedia in a research report on Monday, September 23rd. Barrington Research increased their price target on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a report on Wednesday. Finally, B. Riley lifted their price objective on National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.06.

National CineMedia Stock Down 4.6 %

Shares of NASDAQ:NCMI opened at $6.30 on Friday. The company has a 50 day moving average price of $6.86 and a two-hundred day moving average price of $5.81. The company has a market capitalization of $598.00 million, a PE ratio of -25.20 and a beta of 2.07. National CineMedia has a 52 week low of $3.63 and a 52 week high of $7.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.45 and a current ratio of 2.46.

Institutional Trading of National CineMedia

Several hedge funds and other institutional investors have recently modified their holdings of NCMI. SG Americas Securities LLC bought a new position in shares of National CineMedia during the second quarter worth about $56,000. Fermata Advisors LLC acquired a new stake in shares of National CineMedia in the second quarter valued at about $92,000. Intech Investment Management LLC bought a new stake in National CineMedia during the third quarter worth about $97,000. Bayesian Capital Management LP bought a new stake in National CineMedia during the first quarter worth about $104,000. Finally, Oppenheimer Asset Management Inc. grew its stake in 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 purchasing an additional 6,690 shares in the last quarter. Institutional investors and hedge funds 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.