National CineMedia (NASDAQ:NCMI) Issues Quarterly Earnings Results

National CineMedia (NASDAQ:NCMI) released its quarterly earnings results on Monday. The business services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01), Yahoo Finance reports. The firm had revenue of $54.70 million during the quarter, compared to the consensus estimate of $49.87 million. National CineMedia had a net margin of 426.76% and a return on equity of 3.45%. During the same period in the prior year, the business earned ($0.07) EPS. National CineMedia updated its Q3 2024 guidance to EPS.

National CineMedia Stock Performance

Shares of NCMI traded down $0.30 during trading hours on Wednesday, reaching $5.99. 643,957 shares of the company traded hands, compared to its average volume of 680,404. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.76 and a current ratio of 2.76. The stock’s fifty day moving average is $5.00 and its 200 day moving average is $4.70. National CineMedia has a 1-year low of $3.10 and a 1-year high of $6.50. The stock has a market cap of $578.47 million, a P/E ratio of 0.18 and a beta of 2.03.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NCMI shares. StockNews.com lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Benchmark reaffirmed a “speculative buy” rating and issued a $6.00 price target on shares of National CineMedia in a research report on Tuesday. Barrington Research raised National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 price objective for the company in a research report on Tuesday. Finally, Wedbush restated a “neutral” rating and set a $6.00 target price on shares of National CineMedia in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, National CineMedia currently has a consensus rating of “Hold” and a consensus price target of $6.56.

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.