B. Riley Has Negative Forecast for NCMI FY2024 Earnings

National CineMedia, Inc. (NASDAQ:NCMI - Free Report) - Research analysts at B. Riley lowered their FY2024 EPS estimates for National CineMedia in a report released on Tuesday, November 5th. B. Riley analyst E. Wold now expects that the business services provider will post earnings per share of ($0.17) for the year, down from their previous forecast 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 ($0.05) 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). The firm had revenue of $62.40 million during the quarter, compared to analyst estimates of $58.20 million. National CineMedia had a net margin of 78.04% and a return on equity of 3.50%. During the same quarter in the previous year, the business posted $0.33 earnings per share.

A number of other research analysts also recently commented on NCMI. Benchmark reiterated a "buy" rating and issued a $8.00 price objective on shares of National CineMedia in a report on Monday, September 23rd. Wedbush reissued a "neutral" rating and set a $7.50 price objective (up previously from $6.00) on shares of National CineMedia in a report on Monday. Finally, Barrington Research upped their target price on shares of National CineMedia from $7.50 to $8.25 and gave the company an "outperform" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $8.06.

National CineMedia Stock Down 4.6 %

National CineMedia stock traded down $0.31 during midday trading on Friday, reaching $6.30. The company's stock had a trading volume of 694,601 shares, compared to its average volume of 612,872. The company has a market cap of $597.96 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 2.45 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $6.88 and a 200-day simple moving average of $5.79. National CineMedia has a fifty-two week low of $3.63 and a fifty-two week high of $7.39.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew 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 acquiring an additional 6,690 shares during the last quarter. First Eagle Investment Management LLC grew its position in 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 worth $10,127,000 after purchasing an additional 537,822 shares during the last quarter. Vanguard Group Inc. increased its stake in 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 valued at $18,460,000 after purchasing an additional 18,347 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of National CineMedia in the first quarter valued at about $298,000. Finally, Gendell Jeffrey L acquired a new stake in shares of National CineMedia during the first quarter worth about $2,352,000. Institutional investors and hedge funds own 69.49% of the company's stock.

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.