National CineMedia (NASDAQ:NCMI) Releases Earnings Results, Misses Expectations By $0.01 EPS

National CineMedia (NASDAQ:NCMI) posted its quarterly earnings data on Tuesday. The business services provider reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01), Zacks reports. The company had revenue of $62.40 million during the quarter, compared to analysts’ expectations 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 last year, the company earned $0.33 earnings per share. National CineMedia updated its Q4 2024 guidance to EPS.

National CineMedia Price Performance

Shares of NASDAQ:NCMI traded down $0.55 during midday trading on Wednesday, reaching $6.75. 773,047 shares of the company were exchanged, compared to its average volume of 606,869. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.03. The stock has a market cap of $651.85 million, a PE ratio of 2.72 and a beta of 2.07. The business’s fifty day moving average is $6.89 and its two-hundred day moving average is $5.78. National CineMedia has a one year low of $3.63 and a one year high of $7.39.

Wall Street Analyst Weigh In

NCMI has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and issued a $8.00 price objective on shares of National CineMedia in a research note on Monday, September 23rd. Barrington Research upgraded shares of 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, August 6th. Wedbush reiterated a “neutral” rating and issued a $7.50 price target (up from $6.00) on shares of National CineMedia in a research report on Monday. Finally, B. Riley raised their price objective on shares of National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, National CineMedia has a consensus rating of “Hold” and a consensus price target of $7.88.

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.