National CineMedia, Inc. (NASDAQ:NCMI - Get Rating) - B. Riley lowered their Q2 2022 EPS estimates for shares of National CineMedia in a 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 forecast 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 equities research analysts have also commented on the company. Wedbush restated an "outperform" rating and set a $4.00 target price on shares of National CineMedia in a research report on Tuesday. StockNews.com started coverage on National CineMedia in a research note on Thursday, March 31st. They set a "sell" rating on the stock. Finally, Zacks Investment Research downgraded National CineMedia from a "buy" rating to a "hold" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $4.00.
Shares of National CineMedia stock opened at $1.42 on Thursday. National CineMedia has a one year low of $1.37 and a one year high of $5.37. The stock's 50-day moving average is $2.34 and its 200 day moving average is $2.75. The firm has a market cap of $116.09 million, a price-to-earnings ratio of -2.12 and a beta of 1.38. National CineMedia (NASDAQ:NCMI - Get Rating) last announced its earnings results on Monday, May 9th. The business services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.04). The company had revenue of $35.90 million during the quarter, compared to the consensus estimate of $33.45 million. During the same quarter last year, the firm posted ($0.25) EPS. National CineMedia's quarterly revenue was up 564.8% compared to the same quarter last year.
Institutional investors have recently modified their holdings of the company. Citigroup Inc. raised its stake in shares of National CineMedia by 81.0% in the third quarter. Citigroup Inc. now owns 6,924 shares of the business services provider's stock worth $25,000 after purchasing an additional 3,099 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of National CineMedia by 363.0% during the third quarter. BNP Paribas Arbitrage SA now owns 10,562 shares of the business services provider's stock valued at $38,000 after acquiring an additional 8,281 shares during the last quarter. ProShare Advisors LLC purchased a new stake in shares of National CineMedia during the fourth quarter valued at approximately $37,000. Centaurus Financial Inc. increased its position in shares of National CineMedia by 38.4% during the third quarter. Centaurus Financial Inc. now owns 18,875 shares of the business services provider's stock valued at $67,000 after acquiring an additional 5,234 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of National CineMedia during the fourth quarter valued at approximately $55,000.
In other news, CEO Thomas F. Lesinski sold 15,081 shares of the stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $2.97, for a total value of $44,790.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is currently owned by corporate insiders.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 7th. Investors of record on Monday, May 23rd will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 8.45%. The ex-dividend date is Friday, May 20th. National CineMedia's dividend payout ratio (DPR) is currently -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.
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