National CineMedia (NASDAQ:NCMI) Issues Earnings Results

National CineMedia (NASDAQ:NCMI) announced its quarterly earnings data on Tuesday. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01), Zacks reports. National CineMedia had a net margin of 78.04% and a return on equity of 3.50%. The company had revenue of $62.40 million for the quarter, compared to analysts’ expectations of $58.20 million. During the same quarter in the previous year, the firm posted $0.33 EPS. National CineMedia updated its Q4 2024 guidance to EPS.

National CineMedia Price Performance

Shares of National CineMedia stock traded up $0.08 on Thursday, hitting $6.61. 589,870 shares of the company were exchanged, compared to its average volume of 612,489. The stock has a market capitalization of $637.84 million, a price-to-earnings ratio of 2.44 and a beta of 2.07. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $6.88 and a 200 day moving average price of $5.78. National CineMedia has a 1-year low of $3.63 and a 1-year high of $7.39.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NCMI. Benchmark reaffirmed a “buy” rating and issued a $8.00 price objective on shares of National CineMedia in a research note on Monday, September 23rd. Wedbush reiterated a “neutral” rating and issued a $7.50 price target (up from $6.00) on shares of National CineMedia in a report on Monday. B. Riley increased their price objective on National CineMedia from $7.50 to $8.50 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Barrington Research increased their target price on National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.06.

About National CineMedia

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.