National CineMedia, Inc. (NASDAQ:NCMI) Forecasted to Post Q2 2022 Earnings of ($0.05) Per Share

National CineMedia, Inc. (NASDAQ:NCMIGet Rating) – Equities research analysts at B. Riley dropped their Q2 2022 earnings estimates for National CineMedia in a research report issued on Tuesday, May 10th. B. Riley analyst E. Wold now anticipates that the business services provider will post earnings per share of ($0.05) for the quarter, down from their previous estimate of ($0.03). B. Riley also issued estimates for National CineMedia’s FY2022 earnings at ($0.09) EPS and Q1 2023 earnings at ($0.07) EPS.

Several other research analysts have also issued reports on NCMI. Zacks Investment Research lowered National CineMedia from a “buy” rating to a “hold” rating in a research note on Thursday. Wedbush reiterated an “outperform” rating and set a $4.00 price objective on shares of National CineMedia in a research note on Tuesday. Finally, StockNews.com started coverage on National CineMedia in a research note on Thursday, March 31st. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.00.

National CineMedia stock opened at $1.42 on Thursday. The stock has a fifty day moving average price of $2.34 and a two-hundred day moving average price of $2.75. National CineMedia has a 52-week low of $1.37 and a 52-week high of $5.37. The firm has a market capitalization of $116.09 million, a P/E ratio of -2.12 and a beta of 1.38.

National CineMedia (NASDAQ:NCMIGet Rating) last issued its earnings results on Monday, May 9th. The business services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The company had revenue of $35.90 million during the quarter, compared to analyst estimates of $33.45 million. During the same period last year, the firm earned ($0.25) EPS. The company’s quarterly revenue was up 564.8% compared to the same quarter last year.

A number of institutional investors have recently bought and sold shares of NCMI. Morgan Stanley boosted its holdings in National CineMedia by 11,156.6% in the second quarter. Morgan Stanley now owns 275,787 shares of the business services provider’s stock valued at $1,398,000 after acquiring an additional 273,337 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in National CineMedia by 7.6% in the second quarter. Wells Fargo & Company MN now owns 62,961 shares of the business services provider’s stock valued at $319,000 after acquiring an additional 4,454 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in National CineMedia in the third quarter valued at about $70,000. SG Americas Securities LLC bought a new position in National CineMedia in the third quarter valued at about $164,000. Finally, Raymond James & Associates boosted its holdings in National CineMedia by 14.3% in the third quarter. Raymond James & Associates now owns 458,729 shares of the business services provider’s stock valued at $1,633,000 after acquiring an additional 57,312 shares during the last quarter.

In other news, CEO Thomas F. Lesinski sold 15,081 shares of the stock in a transaction on Monday, February 28th. The stock was sold at an average price of $2.97, for a total transaction of $44,790.57. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 7th. Stockholders of record on Monday, May 23rd will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 8.45%. The ex-dividend date is Friday, May 20th. National CineMedia’s payout ratio is presently -29.85%.

National CineMedia Company Profile (Get Rating)

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 pre-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.

See Also

Earnings History and Estimates for National CineMedia (NASDAQ:NCMI)

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