Wedbush Predicts Reduced Earnings for National CineMedia

National CineMedia, Inc. (NASDAQ:NCMI) – Research analysts at Wedbush decreased their FY2024 earnings per share (EPS) estimates for shares of National CineMedia in a research report issued on Monday, November 4th. Wedbush analyst A. Reese now forecasts that the business services provider will earn $0.07 per share for the year, down from their prior forecast of $0.11. Wedbush currently 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. Wedbush also issued estimates for National CineMedia’s Q4 2024 earnings at $0.40 EPS, Q1 2025 earnings at ($0.16) EPS, FY2025 earnings at $0.43 EPS and FY2026 earnings at $0.49 EPS.

A number of other equities analysts also recently weighed in on the stock. Barrington Research lifted their price target on shares of National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a report on Wednesday. Benchmark reiterated a “buy” rating and issued a $8.00 target price on shares of National CineMedia in a report on Monday, September 23rd. Finally, B. Riley boosted their price target on National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $8.06.

National CineMedia Price Performance

NCMI opened at $6.53 on Wednesday. National CineMedia has a 1 year low of $3.63 and a 1 year high of $7.39. The company’s 50 day simple moving average is $6.89 and its 200 day simple moving average is $5.78. The stock has a market capitalization of $630.60 million, a PE ratio of 2.44 and a beta of 2.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.45 and a current ratio of 2.45.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $62.40 million for the quarter, compared to analysts’ expectations of $58.20 million. National CineMedia had a return on equity of 3.50% and a net margin of 78.04%. During the same quarter last year, the company posted $0.33 earnings per share.

Hedge Funds Weigh In On National CineMedia

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in National CineMedia by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,584,556 shares of the business services provider’s stock valued at $18,460,000 after purchasing an additional 18,347 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of National CineMedia by 37.6% in the first quarter. First Eagle Investment Management LLC now owns 1,966,355 shares of the business services provider’s stock valued at $10,127,000 after buying an additional 537,822 shares in the last quarter. Ancora Advisors LLC raised its holdings in shares of National CineMedia by 64.2% during the 1st quarter. Ancora Advisors LLC now owns 1,136,476 shares of the business services provider’s stock valued at $5,853,000 after buying an additional 444,433 shares during the period. Luxor Capital Group LP lifted its position in National CineMedia by 1,581.1% during the 2nd quarter. Luxor Capital Group LP now owns 490,809 shares of the business services provider’s stock worth $2,155,000 after acquiring an additional 461,614 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in National CineMedia by 124.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 469,338 shares of the business services provider’s stock worth $3,309,000 after acquiring an additional 260,689 shares during the period. Hedge funds and other institutional investors 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.