$32.55 Million in Sales Expected for National CineMedia, Inc. (NASDAQ:NCMI) This Quarter

Equities analysts expect National CineMedia, Inc. (NASDAQ:NCMI) to report sales of $32.55 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for National CineMedia’s earnings. The lowest sales estimate is $22.90 million and the highest is $45.50 million. National CineMedia posted sales of $4.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 713.8%. The firm is expected to report its next quarterly earnings results on Monday, August 2nd.

According to Zacks, analysts expect that National CineMedia will report full year sales of $212.41 million for the current year, with estimates ranging from $198.50 million to $227.95 million. For the next financial year, analysts forecast that the company will post sales of $392.10 million, with estimates ranging from $359.20 million to $423.40 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover National CineMedia.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Sunday, May 9th. The business services provider reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.07). The firm had revenue of $5.40 million during the quarter, compared to analysts’ expectations of $15.04 million. National CineMedia had a negative net margin of 5.00% and a negative return on equity of 8.22%. The business’s quarterly revenue was down 91.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) earnings per share.

NCMI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Wednesday. B. Riley restated a “buy” rating and issued a $6.00 target price on shares of National CineMedia in a research note on Monday, April 5th. Finally, Benchmark upgraded shares of National CineMedia from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a research note on Tuesday, April 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $4.45.

In related news, major shareholder General L.P. Standard sold 1,968,718 shares of the stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $5.70, for a total transaction of $11,221,692.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Thomas F. Lesinski sold 22,000 shares of the company’s stock in a transaction dated Wednesday, March 10th. The stock was sold at an average price of $4.90, for a total transaction of $107,800.00. Following the completion of the transaction, the chief executive officer now owns 112,377 shares of the company’s stock, valued at approximately $550,647.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,180,718 shares of company stock worth $12,201,793. 4.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its position in National CineMedia by 19.1% in the 4th quarter. Principal Financial Group Inc. now owns 25,740 shares of the business services provider’s stock worth $96,000 after purchasing an additional 4,134 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in National CineMedia by 21.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 25,885 shares of the business services provider’s stock worth $120,000 after purchasing an additional 4,622 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in National CineMedia by 25.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 25,814 shares of the business services provider’s stock worth $119,000 after purchasing an additional 5,164 shares during the last quarter. Janney Montgomery Scott LLC grew its position in National CineMedia by 27.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 26,981 shares of the business services provider’s stock worth $100,000 after purchasing an additional 5,730 shares during the last quarter. Finally, Pitcairn Co. grew its position in National CineMedia by 34.5% in the 1st quarter. Pitcairn Co. now owns 28,135 shares of the business services provider’s stock worth $130,000 after purchasing an additional 7,214 shares during the last quarter. Hedge funds and other institutional investors own 80.16% of the company’s stock.

Shares of National CineMedia stock traded up $0.11 during trading on Friday, reaching $4.47. The company had a trading volume of 471,030 shares, compared to its average volume of 761,139. The company has a market cap of $361.33 million, a price-to-earnings ratio of -29.06 and a beta of 1.91. The firm’s fifty day moving average is $4.43 and its 200-day moving average is $4.03. National CineMedia has a fifty-two week low of $1.81 and a fifty-two week high of $6.11.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 17th. Investors of record on Friday, May 21st will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, May 20th. This represents a $0.20 annualized dividend and a yield of 4.47%. National CineMedia’s dividend payout ratio (DPR) is 42.55%.

About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-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.

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Earnings History and Estimates for National CineMedia (NASDAQ:NCMI)

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