Research Analysts Issue Forecasts for NCMI FY2024 Earnings

National CineMedia, Inc. (NASDAQ:NCMI) – Equities researchers at B. Riley dropped their FY2024 earnings estimates for National CineMedia in a note issued to investors on Tuesday, November 5th. B. Riley analyst E. Wold now anticipates that the business services provider will post earnings of ($0.17) per share for the year, down from their previous forecast of ($0.15). B. Riley currently has a “Buy” rating and a $8.50 target price on the stock. The consensus estimate for National CineMedia’s current full-year earnings is ($0.05) per share. B. Riley also issued estimates for National CineMedia’s Q1 2025 earnings at ($0.14) EPS and Q3 2025 earnings at $0.02 EPS.

Other analysts have also issued research reports about the stock. Barrington Research upped their target price on shares of National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a report on Wednesday. Benchmark reaffirmed a “buy” rating and set a $8.00 target price on shares of National CineMedia in a report on Monday, September 23rd. Finally, Wedbush reaffirmed a “neutral” rating and set a $7.50 target price (up previously from $6.00) on shares of National CineMedia in a report on Monday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.06.

National CineMedia Stock Performance

National CineMedia stock opened at $6.61 on Friday. The firm’s 50 day simple moving average is $6.88 and its 200 day simple moving average is $5.79. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $637.84 million, a PE ratio of 2.46 and a beta of 2.07. National CineMedia has a 1-year low of $3.63 and a 1-year high of $7.39.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). National CineMedia had a net margin of 78.04% and a return on equity of 3.50%. The business had revenue of $62.40 million during the quarter, compared to the consensus estimate of $58.20 million. During the same period last year, the firm earned $0.33 EPS.

Hedge Funds Weigh In On National CineMedia

A number of institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. increased its holdings in shares of National CineMedia by 16.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 56,277 shares of the business services provider’s stock worth $397,000 after buying an additional 7,859 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of National CineMedia by 124.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 469,338 shares of the business services provider’s stock worth $3,309,000 after buying an additional 260,689 shares during the last quarter. Riverwater Partners LLC bought a new position in shares of National CineMedia in the 3rd quarter worth $461,000. OmniStar Financial Group Inc. purchased a new stake in shares of National CineMedia in the 3rd quarter valued at $566,000. Finally, SG Americas Securities LLC boosted its stake in shares of National CineMedia by 141.2% in the 3rd quarter. SG Americas Securities LLC now owns 30,929 shares of the business services provider’s stock valued at $218,000 after purchasing an additional 18,108 shares in the last quarter. Institutional investors own 69.49% of the company’s stock.

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.