Q4 EPS Forecast for National CineMedia Decreased by Analyst

National CineMedia, Inc. (NASDAQ:NCMI) – Equities research analysts at Wedbush reduced their Q4 2024 earnings per share estimates for National CineMedia in a report issued on Wednesday, November 6th. Wedbush analyst A. Reese now anticipates that the business services provider will post earnings of $0.31 per share for the quarter, down from their prior estimate 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.

Several other equities research analysts have also recently commented on the company. Barrington Research upped their price target on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a research note on Wednesday. B. Riley upped their price target on National CineMedia from $7.50 to $8.50 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Benchmark restated a “buy” rating and set a $8.00 price target on shares of National CineMedia in a research note on Monday, September 23rd. 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 stock. According to MarketBeat.com, National CineMedia presently has an average rating of “Hold” and a consensus target price of $8.06.

National CineMedia Price Performance

National CineMedia stock opened at $6.53 on Thursday. National CineMedia has a 12 month low of $3.63 and a 12 month high of $7.39. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.45 and a quick ratio of 2.45. The business has a 50 day simple moving average of $6.88 and a 200-day simple moving average of $5.78. The stock has a market capitalization of $630.60 million, a PE ratio of 2.44 and a beta of 2.07.

National CineMedia (NASDAQ:NCMI) last issued 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). National CineMedia had a net margin of 78.04% and a return on equity of 3.50%. 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 posted $0.33 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC grew its holdings in National CineMedia by 7.9% in the second quarter. Squarepoint Ops LLC now owns 42,835 shares of the business services provider’s stock valued at $188,000 after purchasing an additional 3,132 shares during the last quarter. Virtu Financial LLC lifted its position in shares of National CineMedia by 13.8% in the first quarter. Virtu Financial LLC now owns 26,223 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 3,172 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in 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 buying an additional 6,690 shares during the period. SG Americas Securities LLC purchased a new position in National CineMedia during the second quarter worth about $56,000. Finally, American Century Companies Inc. lifted its position in National CineMedia by 20.4% during the second quarter. American Century Companies Inc. now owns 89,555 shares of the business services provider’s stock worth $393,000 after buying an additional 15,177 shares during the period. 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.