National CineMedia (NASDAQ:NCMI) Releases Quarterly Earnings Results, Beats Expectations By $0.32 EPS

Key Points

• National CineMedia reported quarterly EPS of $0.33, beating the $0.01 consensus estimate by $0.32, but revenue of $61.4 million fell short of expectations of $72.22 million.
• The stock fell 2.4% to $1.62 on Tuesday. The company also reported a negative net margin of 3.05% and negative return on equity of 1.31%.
• Analyst views were mixed, with MarketBeat’s consensus rating at Hold and an average price target of $4.20.

National CineMedia (NASDAQ:NCMI - Get Free Report) posted its earnings results on Tuesday. The business services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.01 by $0.32, FiscalAI reports. National CineMedia had a negative net margin of 3.05% and a negative return on equity of 1.31%. The firm had revenue of $61.40 million during the quarter, compared to analysts' expectations of $72.22 million.

National CineMedia Stock Down 2.4%

NASDAQ:NCMI traded down $0.04 on Tuesday, reaching $1.62. 797,785 shares of the stock traded hands, compared to its average volume of 649,683. The company has a market capitalization of $151.92 million, a price-to-earnings ratio of -18.00 and a beta of 1.75. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.04. National CineMedia has a 12 month low of $1.43 and a 12 month high of $4.33. The company's fifty day simple moving average is $2.12 and its 200 day simple moving average is $3.11.

Insider Activity

In other news, insider Maria Woods sold 12,189 shares of the company's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $2.09, for a total value of $25,475.01. Following the transaction, the insider owned 176,806 shares in the company, valued at approximately $369,524.54. This represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.70% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NCMI. Zacks Research raised shares of National CineMedia from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 9th. Wall Street Zen cut shares of National CineMedia from a "hold" rating to a "sell" rating in a report on Saturday. Weiss Ratings downgraded shares of National CineMedia from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, October 8th. Wedbush set a $5.00 target price on shares of National CineMedia and gave the company an "outperform" rating in a report on Wednesday, August 12th. Finally, National Bank Financial set a $1.75 price target on National CineMedia in a research report on Monday, November 2nd. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, National CineMedia has an average rating of "Hold" and a consensus price target of $4.20.

About National CineMedia

National CineMedia, Inc. NASDAQ: NCMI is a media and advertising company focused on cinema-based marketing in the United States. Through its network of movie theaters, the company sells advertising opportunities that allow brands to reach audiences before feature films and throughout the theater environment. Its primary product is the Noovie pre-show, a branded entertainment and advertising program shown on theater screens before movies. National CineMedia also offers on-screen advertising, lobby and other in-theater placements, digital and experiential campaigns, and related marketing solutions designed to connect advertisers with moviegoers.

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