Other equities research analysts also recently issued reports about the company. B. Riley reissued a buy rating and issued a $14.00 price objective on shares of National CineMedia in a report on Sunday, May 7th. Zacks Investment Research downgraded National CineMedia from a buy rating to a hold rating in a report on Saturday, February 25th. FBR & Co downgraded National CineMedia from an outperform rating to a market perform rating and set a $12.00 price objective for the company. in a report on Friday, May 5th. JPMorgan Chase & Co. downgraded National CineMedia from an overweight rating to a neutral rating and decreased their price objective for the company from $17.00 to $12.00 in a report on Friday, May 5th. Finally, Credit Suisse Group AG raised National CineMedia from an underperform rating to a neutral rating and decreased their price objective for the company from $13.00 to $12.00 in a report on Wednesday, March 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $14.65.
National CineMedia (NASDAQ:NCMI) traded up 1.48% during mid-day trading on Monday, reaching $7.53. 391,078 shares of the company were exchanged. The firm has a market capitalization of $456.28 million, a P/E ratio of 18.46 and a beta of 0.89. National CineMedia has a 1-year low of $7.22 and a 1-year high of $16.10. The stock has a 50-day moving average of $11.06 and a 200 day moving average of $13.34.
National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Thursday, May 4th. The business services provider reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. The firm had revenue of $71.90 million during the quarter, compared to analyst estimates of $73.82 million. National CineMedia had a net margin of 3.92% and a negative return on equity of 13.70%. National CineMedia’s revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) earnings per share. Equities research analysts forecast that National CineMedia will post $0.33 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This article was originally published by sleekmoney and is owned by of sleekmoney. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://sleekmoney.com/barrington-research-lowers-national-cinemedia-inc-ncmi-to-market-perform/1836093.html.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 11.86%. The ex-dividend date of this dividend is Tuesday, May 16th. National CineMedia’s dividend payout ratio (DPR) is presently 314.30%.
Large investors have recently added to or reduced their stakes in the company. Stevens Capital Management LP bought a new stake in National CineMedia during the first quarter valued at approximately $138,000. Capital Fund Management S.A. bought a new stake in National CineMedia during the first quarter valued at approximately $147,000. Oppenheimer Asset Management Inc. bought a new stake in National CineMedia during the first quarter valued at approximately $161,000. Stifel Financial Corp bought a new stake in National CineMedia during the first quarter valued at approximately $186,000. Finally, GSA Capital Partners LLP bought a new stake in National CineMedia during the fourth quarter valued at approximately $220,000. Institutional investors and hedge funds own 91.92% of the company’s stock.
National CineMedia Company Profile
National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/barrington-research-lowers-national-cinemedia-inc-ncmi-to-market-perform/1836093.html
Receive News & Ratings for National CineMedia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National CineMedia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.