B. Riley Predicts Reduced Earnings for National CineMedia

National CineMedia, Inc. (NASDAQ:NCMI) – Equities research analysts at B. Riley reduced their FY2024 EPS estimates for National CineMedia in a research note issued to investors on Tuesday, November 5th. B. Riley analyst E. Wold now anticipates that the business services provider will post earnings per share of ($0.17) for the year, down from their previous estimate of ($0.15). B. Riley has a “Buy” rating and a $8.50 price target on the stock. The consensus estimate for National CineMedia’s current full-year earnings is ($0.06) per share. B. Riley also issued estimates for National CineMedia’s Q1 2025 earnings at ($0.14) EPS and Q3 2025 earnings at $0.02 EPS.

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

NCMI has been the topic of a number of other research reports. Benchmark reissued a “buy” rating and issued a $8.00 price objective on shares of National CineMedia in a report on Monday, September 23rd. Wedbush reiterated a “neutral” rating and set a $7.50 price target (up previously from $6.00) on shares of National CineMedia in a research note on Monday, November 4th. Finally, Barrington Research upped their price objective on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a research note on Wednesday. One research 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. According to MarketBeat, National CineMedia currently has a consensus rating of “Hold” and a consensus target price of $8.06.

National CineMedia Trading Down 4.6 %

National CineMedia stock opened at $6.30 on Friday. National CineMedia has a 52-week low of $3.63 and a 52-week high of $7.39. The company has a market cap of $598.00 million, a P/E ratio of -25.20 and a beta of 2.07. The company has a quick ratio of 2.45, a current ratio of 2.46 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $6.86 and a two-hundred day simple moving average of $5.81.

Institutional Investors Weigh In On National CineMedia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of National CineMedia by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,584,556 shares of the business services provider’s stock worth $18,460,000 after purchasing an additional 18,347 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of National CineMedia by 37.6% during 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 buying an additional 537,822 shares in the last quarter. Ancora Advisors LLC increased 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 worth $5,853,000 after buying an additional 444,433 shares in the last quarter. Luxor Capital Group LP raised its holdings in National CineMedia by 1,581.1% during the second quarter. Luxor Capital Group LP now owns 490,809 shares of the business services provider’s stock valued at $2,155,000 after acquiring an additional 461,614 shares during the period. Finally, Harbor Capital Advisors Inc. raised its holdings in National CineMedia by 124.9% during the third quarter. Harbor Capital Advisors Inc. now owns 469,338 shares of the business services provider’s stock valued at $3,309,000 after acquiring an additional 260,689 shares during the period. 69.49% of the stock is owned by hedge funds and other institutional investors.

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.