Barrington Research Lowers National CineMedia, Inc. (NCMI) to Market Perform

Barrington Research lowered shares of National CineMedia, Inc. (NASDAQ:NCMI) from an outperform rating to a market perform rating in a research note issued to investors on Monday.

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.

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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.

5 Day Chart for NASDAQ:NCMI

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