Wedbush Forecasts Lower Earnings for National CineMedia

National CineMedia, Inc. (NASDAQ:NCMI) – Investment analysts at Wedbush lowered their FY2024 earnings per share estimates for shares of National CineMedia in a research report issued to clients and investors on Wednesday, November 6th. Wedbush analyst A. Reese now forecasts that the business services provider will post earnings per share of ($0.01) for the year, down from their prior forecast of $0.07. 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. Wedbush also issued estimates for National CineMedia’s Q1 2025 earnings at ($0.21) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.51 EPS, FY2025 earnings at $0.25 EPS and FY2026 earnings at $0.32 EPS.

National CineMedia (NASDAQ:NCMI) last announced 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). National CineMedia had a net margin of 78.04% and a return on equity of 3.50%. The company had revenue of $62.40 million during the quarter, compared to analysts’ expectations of $58.20 million. During the same quarter last year, the business posted $0.33 earnings per share.

Several other research analysts also recently weighed in on the company. Benchmark reiterated a “buy” rating and issued a $8.00 target price on shares of National CineMedia in a research note on Monday, September 23rd. B. Riley lifted their price target on National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Barrington Research lifted their price target on National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research note on Wednesday. One research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.06.

National CineMedia Trading Up 1.1 %

Shares of NCMI stock opened at $6.61 on Friday. The business’s 50 day moving average is $6.88 and its two-hundred day moving average is $5.79. National CineMedia has a twelve month low of $3.63 and a twelve month high of $7.39. The company has a market capitalization of $637.84 million, a P/E ratio of 2.46 and a beta of 2.07. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.03.

Institutional Trading of National CineMedia

Institutional investors have recently modified their holdings of the business. First Eagle Investment Management LLC raised its holdings in National CineMedia by 37.6% during the first quarter. First Eagle Investment Management LLC now owns 1,966,355 shares of the business services provider’s stock worth $10,127,000 after purchasing an additional 537,822 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in National CineMedia by 270.0% during the second quarter. Harbor Capital Advisors Inc. now owns 208,649 shares of the business services provider’s stock worth $916,000 after purchasing an additional 152,251 shares during the last quarter. Rhumbline Advisers acquired a new position in National CineMedia during the second quarter worth $427,000. Bank of New York Mellon Corp acquired a new position in National CineMedia during the second quarter worth $979,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in National CineMedia by 38.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock worth $123,000 after purchasing an additional 6,690 shares during the last quarter. 69.49% of the stock is currently owned by hedge funds and other institutional investors.

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.