National CineMedia, Inc. to Post Q3 2024 Earnings of ($0.05) Per Share, Wedbush Forecasts (NASDAQ:NCMI)

National CineMedia, Inc. (NASDAQ:NCMI) – Research analysts at Wedbush dropped their Q3 2024 EPS estimates for National CineMedia in a report issued on Tuesday, August 6th. Wedbush analyst A. Reese now forecasts that the business services provider will post earnings of ($0.05) per share for the quarter, down from their previous estimate of ($0.01). Wedbush has a “Neutral” rating and a $6.00 price target on the stock. The consensus estimate for National CineMedia’s current full-year earnings is $0.02 per share. Wedbush also issued estimates for National CineMedia’s FY2024 earnings at $0.11 EPS, Q1 2025 earnings at ($0.15) EPS, Q2 2025 earnings at $0.00 EPS and Q3 2025 earnings at $0.02 EPS.

Several other research analysts have also recently issued reports on NCMI. StockNews.com cut shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Benchmark reaffirmed a “speculative buy” rating and set a $6.00 price objective on shares of National CineMedia in a research note on Tuesday. Finally, Barrington Research raised National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 target price on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.56.

National CineMedia Trading Up 0.3 %

NCMI traded up $0.02 on Thursday, hitting $6.08. 266,937 shares of the company were exchanged, compared to its average volume of 675,469. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.76 and a current ratio of 2.76. The firm has a fifty day simple moving average of $5.03 and a two-hundred day simple moving average of $4.73. The stock has a market capitalization of $587.16 million, a PE ratio of 0.18 and a beta of 2.03. National CineMedia has a 12 month low of $3.25 and a 12 month high of $6.50.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Monday, August 5th. The business services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). The business had revenue of $54.70 million for the quarter, compared to the consensus estimate of $49.87 million. National CineMedia had a net margin of 426.76% and a return on equity of 3.45%. During the same quarter in the previous year, the business earned ($0.07) earnings per share.

Institutional Investors Weigh In On National CineMedia

Several institutional investors and hedge funds have recently modified their holdings of NCMI. WINTON GROUP Ltd increased its position in shares of National CineMedia by 20.1% during the second quarter. WINTON GROUP Ltd now owns 103,663 shares of the business services provider’s stock valued at $455,000 after buying an additional 17,325 shares during the period. Oppenheimer Asset Management Inc. grew its stake in National CineMedia by 102.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 48,418 shares of the business services provider’s stock worth $213,000 after purchasing an additional 24,521 shares during the period. American Century Companies Inc. grew its stake in shares of National CineMedia by 20.4% in the second quarter. American Century Companies Inc. now owns 89,555 shares of the business services provider’s stock worth $393,000 after acquiring an additional 15,177 shares during the last quarter. Hill Investment Group Partners LLC increased its holdings in shares of National CineMedia by 100.9% during the second quarter. Hill Investment Group Partners LLC now owns 34,392 shares of the business services provider’s stock valued at $151,000 after acquiring an additional 17,276 shares in the last quarter. Finally, Rhumbline Advisers purchased a new position in shares of National CineMedia in the 2nd quarter worth about $427,000. 69.49% of the stock is 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.