National CineMedia Inc. (NASDAQ:NCMI) – Analysts at Barrington Research upped their FY2018 earnings per share estimates for shares of National CineMedia in a research note issued to investors on Monday. Barrington Research analyst J. Goss now anticipates that the firm will post earnings of $0.57 per share for the year, up from their previous estimate of $0.56.
Several other brokerages have also recently issued reports on NCMI. Zacks Investment Research raised shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Tuesday, October 18th. FBR & Co reduced their target price on shares of National CineMedia from $18.50 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, August 9th. Benchmark Co. raised their target price on shares of National CineMedia from $17.81 to $18.08 and gave the stock a “buy” rating in a report on Tuesday, November 8th. Wedbush reissued an “outperform” rating and set a $17.50 target price (down previously from $19.00) on shares of National CineMedia in a report on Wednesday, August 10th. Finally, B. Riley reissued a “buy” rating and set a $18.75 target price (down previously from $20.00) on shares of National CineMedia in a report on Tuesday, August 9th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. National CineMedia currently has an average rating of “Buy” and an average price target of $18.06.
National CineMedia (NASDAQ:NCMI) remained flat at $15.97 on Wednesday. 260,952 shares of the stock traded hands. The company’s 50 day moving average is $14.40 and its 200-day moving average is $14.81. National CineMedia has a 52 week low of $13.37 and a 52 week high of $16.33. The company has a market capitalization of $955.85 million, a PE ratio of 55.26 and a beta of 0.87.
National CineMedia (NASDAQ:NCMI) last released its quarterly earnings data on Monday, November 7th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. National CineMedia had a net margin of 3.92% and a negative return on equity of 13.70%. The business earned $113.50 million during the quarter, compared to the consensus estimate of $114.52 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The business’s revenue was up 1.6% on a year-over-year basis.
Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in National CineMedia by 36.9% in the second quarter. Royal Bank of Canada now owns 7,804 shares of the company’s stock worth $121,000 after buying an additional 2,102 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in National CineMedia by 17.5% in the second quarter. Teacher Retirement System of Texas now owns 8,785 shares of the company’s stock worth $136,000 after buying an additional 1,311 shares in the last quarter. Aperio Group LLC boosted its stake in National CineMedia by 4.6% in the third quarter. Aperio Group LLC now owns 10,630 shares of the company’s stock worth $156,000 after buying an additional 466 shares in the last quarter. Quantitative Systematic Strategies LLC boosted its stake in National CineMedia by 17.0% in the second quarter. Quantitative Systematic Strategies LLC now owns 11,708 shares of the company’s stock worth $174,000 after buying an additional 1,699 shares in the last quarter. Finally, Lucus Advisors LLC bought a new stake in National CineMedia during the third quarter worth approximately $191,000. 92.81% of the stock is owned by institutional investors and hedge funds.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be issued a $0.22 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $0.88 dividend on an annualized basis and a yield of 5.51%. National CineMedia’s payout ratio is 314.30%.
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