FY2024 EPS Estimates for NCMI Cut by Barrington Research

National CineMedia, Inc. (NASDAQ:NCMI - Free Report) - Stock analysts at Barrington Research dropped their FY2024 earnings per share estimates for shares of National CineMedia in a research report issued on Wednesday, November 6th. Barrington Research analyst J. Goss now forecasts that the business services provider will post earnings per share of ($0.24) for the year, down from their prior forecast of ($0.11). Barrington Research currently has a "Outperform" rating and a $8.25 price objective on the stock. The consensus estimate for National CineMedia's current full-year earnings is ($0.05) 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 - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $62.40 million for the quarter, compared to analyst estimates of $58.20 million. National CineMedia had a return on equity of 3.50% and a net margin of 78.04%. During the same quarter in the previous year, the business posted $0.33 earnings per share.

Several other research analysts have also weighed in on NCMI. B. Riley increased their price objective on National CineMedia from $7.50 to $8.50 and gave the stock a "buy" rating in a research report on Friday, August 16th. Wedbush reissued a "neutral" rating and set a $7.50 price objective (up from $6.00) on shares of National CineMedia in a research report on Monday. Finally, Benchmark restated a "buy" rating and issued a $8.00 price objective on shares of National CineMedia in a report on Monday, September 23rd. One 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 data from MarketBeat, National CineMedia has an average rating of "Hold" and an average price target of $8.06.

National CineMedia Trading Down 4.6 %

Shares of NASDAQ NCMI traded down $0.31 during midday trading on Friday, reaching $6.30. 694,601 shares of the stock were exchanged, compared to its average volume of 612,872. The stock has a market capitalization of $597.96 million, a P/E ratio of -25.20 and a beta of 2.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.45 and a current ratio of 2.45. The company has a 50 day simple moving average of $6.88 and a 200 day simple moving average of $5.79. National CineMedia has a twelve month low of $3.63 and a twelve month high of $7.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in National CineMedia during the 2nd quarter worth about $56,000. Fermata Advisors LLC purchased a new stake in National CineMedia during the second quarter worth about $92,000. Bayesian Capital Management LP purchased a new stake in National CineMedia during the first quarter worth about $104,000. Oppenheimer Asset Management Inc. lifted its position in shares of National CineMedia by 38.9% during the first 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 in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of National CineMedia in the second quarter valued at approximately $124,000. 69.49% of the stock is currently 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.