According to Zacks, “NATIONAL CINEMEDIA operates the largest digital in theatre network in North America that allows them to distribute advertisements and other content for our advertising, meetings and events businesses utilizing our proprietary digital content network. They have long term exhibitor services agreements with our founding members, Cinemark and Regal, the three largest motion picture exhibition companies in the U.S.and multi year agreements with several other theatre operators whom they refer to as network affiliates. The network affiliate agreements grant them exclusive rights, subject to limited exceptions, to sell advertising on their theatre screens. “
A number of other research firms have also recently weighed in on NCMI. TheStreet raised National CineMedia from a “c” rating to a “b-” rating in a report on Friday, March 15th. Barrington Research reaffirmed a “hold” rating on shares of National CineMedia in a report on Friday, March 1st. BidaskClub raised National CineMedia from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, Wedbush reaffirmed a “hold” rating and issued a $8.00 price target on shares of National CineMedia in a report on Tuesday, May 7th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. National CineMedia presently has a consensus rating of “Hold” and an average target price of $9.19.
National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Monday, May 6th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The business had revenue of $76.90 million during the quarter, compared to analysts’ expectations of $82.43 million. National CineMedia had a negative return on equity of 33.32% and a net margin of 6.98%. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) EPS. Sell-side analysts expect that National CineMedia will post 0.44 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its holdings in National CineMedia by 41.9% in the 4th quarter. Bank of Montreal Can now owns 5,388 shares of the business services provider’s stock worth $35,000 after purchasing an additional 1,590 shares during the period. FNY Investment Advisers LLC raised its holdings in shares of National CineMedia by 255.8% during the fourth quarter. FNY Investment Advisers LLC now owns 5,971 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 4,293 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of National CineMedia during the fourth quarter valued at approximately $65,000. Strs Ohio acquired a new position in shares of National CineMedia during the fourth quarter valued at approximately $87,000. Finally, Meitav Dash Investments Ltd. acquired a new position in shares of National CineMedia during the first quarter valued at approximately $120,000. 91.24% of the stock is owned by institutional investors.
National CineMedia Company Profile
National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-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.
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