National CineMedia, Inc. (NASDAQ:NCMI) to Post Q2 2024 Earnings of ($0.09) Per Share, Wedbush Forecasts

National CineMedia, Inc. (NASDAQ:NCMI - Free Report) - Equities research analysts at Wedbush dropped their Q2 2024 earnings estimates for National CineMedia in a research report issued on Tuesday, May 7th. Wedbush analyst A. Reese now anticipates that the business services provider will post earnings per share of ($0.09) for the quarter, down from their previous estimate of ($0.01). Wedbush has a "Neutral" rating and a $5.50 price target on the stock. The consensus estimate for National CineMedia's current full-year earnings is $0.05 per share. Wedbush also issued estimates for National CineMedia's Q3 2024 earnings at $0.00 EPS, Q4 2024 earnings at $0.43 EPS, FY2024 earnings at $0.15 EPS, Q1 2025 earnings at ($0.20) EPS, Q2 2025 earnings at ($0.03) EPS, Q3 2025 earnings at $0.05 EPS, Q4 2025 earnings at $0.55 EPS, FY2025 earnings at $0.37 EPS and FY2026 earnings at $0.45 EPS.

National CineMedia (NASDAQ:NCMI - Get Free Report) last issued its quarterly earnings data on Monday, March 18th. The business services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $90.90 million during the quarter, compared to analysts' expectations of $77.25 million. National CineMedia had a negative return on equity of 22.42% and a net margin of 426.68%.

NCMI has been the subject of a number of other research reports. B. Riley raised shares of National CineMedia from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $4.50 to $6.75 in a research report on Tuesday, March 19th. Benchmark reaffirmed a "speculative buy" rating and issued a $6.00 price objective on shares of National CineMedia in a research note on Tuesday. Finally, StockNews.com lowered National CineMedia from a "hold" rating to a "sell" rating in a research note on Wednesday.

National CineMedia Trading Down 1.5 %

NASDAQ NCMI traded down $0.07 during trading hours on Friday, reaching $4.50. The company had a trading volume of 558,699 shares, compared to its average volume of 652,756. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $436.61 million, a P/E ratio of 0.13 and a beta of 1.93. The stock has a 50-day moving average of $4.69 and a 200 day moving average of $4.30. National CineMedia has a 1-year low of $2.57 and a 1-year high of $5.75.

Hedge Funds Weigh In On National CineMedia

Institutional investors have recently modified their holdings of the business. Glendon Capital Management LP purchased a new position in National CineMedia in the third quarter valued at $7,538,000. First Eagle Investment Management LLC acquired a new position in shares of National CineMedia during the fourth quarter worth about $5,914,000. Hotchkis & Wiley Capital Management LLC increased its stake in shares of National CineMedia by 35.6% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 4,740,197 shares of the business services provider's stock worth $19,624,000 after buying an additional 1,245,650 shares during the period. Wellington Management Group LLP purchased a new stake in shares of National CineMedia during the third quarter worth approximately $5,161,000. Finally, PSquared Asset Management AG acquired a new stake in National CineMedia in the third quarter valued at approximately $3,067,000. Institutional investors and hedge funds own 69.49% of the company's stock.

National CineMedia Company Profile

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.