National CineMedia (NASDAQ:NCMI) released its earnings results on Monday. The business services provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01, Bloomberg Earnings reports. The company had revenue of $110.20 million during the quarter, compared to analysts’ expectations of $113.07 million. National CineMedia had a net margin of 6.98% and a negative return on equity of 33.32%. National CineMedia’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the business earned $0.05 EPS. National CineMedia updated its FY 2019 guidance to EPS.
Shares of NASDAQ:NCMI traded down $0.28 during trading on Monday, hitting $6.92. 295,017 shares of the stock traded hands, compared to its average volume of 309,134. The stock has a market capitalization of $546.46 million, a P/E ratio of 18.70 and a beta of 0.74. The business’s fifty day simple moving average is $6.83. National CineMedia has a 52-week low of $5.88 and a 52-week high of $10.94.
Several analysts have commented on the stock. Wedbush upgraded shares of National CineMedia from a “neutral” rating to an “outperform” rating and set a $8.00 price objective for the company in a research note on Wednesday, June 19th. Barrington Research restated a “market perform” rating on shares of National CineMedia in a research note on Friday, May 17th. BidaskClub upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd. TheStreet cut shares of National CineMedia from a “b-” rating to a “c” rating in a research note on Tuesday, May 7th. Finally, ValuEngine cut shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $9.13.
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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