Wedbush Equities Analysts Reduce Earnings Estimates for NCMI

National CineMedia, Inc. (NASDAQ:NCMI - Free Report) - Analysts at Wedbush decreased their Q4 2024 earnings per share estimates for shares of National CineMedia in a research report issued on Wednesday, November 6th. Wedbush analyst A. Reese now expects that the business services provider will earn $0.31 per share for the quarter, down from their previous forecast of $0.40. 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 ($0.05) per share.

National CineMedia (NASDAQ:NCMI - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). National CineMedia had a return on equity of 3.50% and a net margin of 78.04%. The firm had revenue of $62.40 million during the quarter, compared to analysts' expectations of $58.20 million. During the same quarter in the prior year, the firm earned $0.33 EPS.

Several other research firms have also recently issued reports on NCMI. Benchmark reaffirmed a "buy" rating and set a $8.00 price objective on shares of National CineMedia in a research report on Monday, September 23rd. B. Riley upped their price target on National CineMedia from $7.50 to $8.50 and gave the company a "buy" rating in a report on Friday, August 16th. Finally, Barrington Research raised their price objective on shares of National CineMedia from $7.50 to $8.25 and gave the stock an "outperform" rating in a report on Wednesday. One equities 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $8.06.

National CineMedia Stock Up 1.1 %

Shares of NCMI stock traded up $0.08 on Thursday, reaching $6.61. 589,870 shares of the stock were exchanged, compared to its average volume of 612,489. The company has a market capitalization of $637.84 million, a price-to-earnings ratio of 2.44 and a beta of 2.07. The business's 50 day moving average price is $6.88 and its 200 day moving average price is $5.78. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.03. National CineMedia has a twelve month low of $3.63 and a twelve month high of $7.39.

Institutional Investors Weigh In On National CineMedia

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of National CineMedia by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,584,556 shares of the business services provider's stock valued at $18,460,000 after acquiring an additional 18,347 shares during the period. First Eagle Investment Management LLC increased its stake in National CineMedia by 37.6% in the first 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 purchasing an additional 537,822 shares during the period. Ancora Advisors LLC raised its holdings in shares of National CineMedia by 64.2% in the first quarter. Ancora Advisors LLC now owns 1,136,476 shares of the business services provider's stock valued at $5,853,000 after buying an additional 444,433 shares during the last quarter. Luxor Capital Group LP boosted its stake in shares of 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 worth $2,155,000 after buying an additional 461,614 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of 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 worth $3,309,000 after buying an additional 260,689 shares during the last quarter. Hedge funds and other institutional investors own 69.49% of the company's stock.

National CineMedia Company Profile

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.