Q4 EPS Estimates for National CineMedia Reduced by Wedbush

National CineMedia, Inc. (NASDAQ:NCMI) – Equities researchers at Wedbush lowered their Q4 2024 earnings estimates for shares of National CineMedia in a report issued on Wednesday, November 6th. Wedbush analyst A. Reese now forecasts that the business services provider will post earnings per share of $0.31 for the quarter, down from their previous forecast of $0.40. Wedbush has a “Neutral” rating and a $7.50 price target on the stock. The consensus estimate for National CineMedia’s current full-year earnings is ($0.05) per share.

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

Other equities research analysts have also recently issued reports about the stock. Benchmark restated a “buy” rating and set a $8.00 price objective on shares of National CineMedia in a research note on Monday, September 23rd. B. Riley boosted their price target on shares of National CineMedia from $7.50 to $8.50 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Barrington Research upped their price target on shares of National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $8.06.

National CineMedia Stock Up 1.1 %

Shares of National CineMedia stock opened at $6.61 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.45 and a quick ratio of 2.45. National CineMedia has a 1-year low of $3.63 and a 1-year high of $7.39. The business’s fifty day moving average price is $6.88 and its two-hundred day moving average price is $5.79. The company has a market capitalization of $637.84 million, a P/E ratio of 2.46 and a beta of 2.07.

Institutional Investors Weigh In On National CineMedia

Institutional investors and hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its position in National CineMedia by 16.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 56,277 shares of the business services provider’s stock worth $397,000 after buying an additional 7,859 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of National CineMedia by 124.9% during 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 in the last quarter. Riverwater Partners LLC acquired a new position in shares of National CineMedia in the 3rd quarter worth $461,000. OmniStar Financial Group Inc. acquired a new stake in shares of National CineMedia during the third quarter worth $566,000. Finally, SG Americas Securities LLC lifted its holdings in shares of National CineMedia by 141.2% during the third quarter. SG Americas Securities LLC now owns 30,929 shares of the business services provider’s stock valued at $218,000 after purchasing an additional 18,108 shares during the last quarter. 69.49% of the stock is owned by institutional investors and hedge funds.

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.