National CineMedia (NCMI) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

National CineMedia (NASDAQ:NCMI) released its quarterly earnings data on Monday. The business services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06, Bloomberg Earnings reports. The business had revenue of $140.70 million during the quarter, compared to analyst estimates of $144.48 million. National CineMedia had a negative return on equity of 41.83% and a net margin of 0.12%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.24 EPS.

Shares of National CineMedia (NASDAQ NCMI) opened at $6.24 on Wednesday. The company has a market capitalization of $534.59, a price-to-earnings ratio of 20.03, a PEG ratio of 2.09 and a beta of 0.36. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of -14.71. National CineMedia has a 12-month low of $5.12 and a 12-month high of $13.33.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 22nd will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $0.68 annualized dividend and a dividend yield of 10.90%. National CineMedia’s dividend payout ratio (DPR) is presently 4,400.00%.

In other National CineMedia news, major shareholder General L.P. Standard bought 210,320 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was acquired at an average price of $6.97 per share, with a total value of $1,465,930.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.40% of the company’s stock.

Several equities research analysts have recently weighed in on the company. BidaskClub raised National CineMedia from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Zacks Investment Research cut National CineMedia from a “hold” rating to a “sell” rating in a research report on Friday, March 9th. ValuEngine cut National CineMedia from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. B. Riley cut National CineMedia to a “hold” rating and set a $8.75 target price for the company. in a research report on Monday, January 29th. Finally, Benchmark decreased their target price on National CineMedia from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $8.21.

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National CineMedia Company Profile

National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.

Earnings History for National CineMedia (NASDAQ:NCMI)

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