National CineMedia (NASDAQ:NCMI) Issues Earnings Results

National CineMedia (NASDAQ:NCMI) announced its earnings results on Tuesday. The business services provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01), Zacks reports. The firm had revenue of $62.40 million during the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $0.33 earnings per share. National CineMedia updated its Q4 2024 guidance to EPS.

National CineMedia Stock Up 1.2 %

Shares of NCMI opened at $6.69 on Friday. The firm has a market cap of $646.05 million, a P/E ratio of 2.46 and a beta of 2.07. National CineMedia has a 12-month low of $3.63 and a 12-month high of $7.39. The company’s 50-day moving average price is $6.88 and its 200 day moving average price is $5.79. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.03.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. B. Riley upped their price objective on shares of National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a report on Friday, August 16th. Benchmark restated a “buy” rating and set a $8.00 price objective on shares of National CineMedia in a report on Monday, September 23rd. Wedbush restated a “neutral” rating and set a $7.50 price objective (up previously from $6.00) on shares of National CineMedia in a report on Monday. Finally, Barrington Research upped their price objective on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a research report on Wednesday. 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.06.

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.