National CineMedia, Inc. (NASDAQ:NCMI – Get Rating) – Research analysts at Barrington Research reduced their Q2 2022 EPS estimates for National CineMedia in a research note issued to investors on Wednesday, May 18th. Barrington Research analyst J. Goss now forecasts that the business services provider will earn ($0.05) per share for the quarter, down from their previous estimate of ($0.02). Barrington Research also issued estimates for National CineMedia’s Q1 2023 earnings at ($0.14) EPS, FY2023 earnings at $0.15 EPS and FY2024 earnings at $0.29 EPS.
National CineMedia (NASDAQ:NCMI – Get Rating) last posted its earnings results on Monday, May 9th. The business services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.04). The company had revenue of $35.90 million during the quarter, compared to analyst estimates of $33.45 million. During the same period last year, the firm posted ($0.25) EPS. The firm’s quarterly revenue was up 564.8% compared to the same quarter last year.
NCMI opened at $1.11 on Monday. The stock has a 50-day moving average price of $2.16 and a 200-day moving average price of $2.65. National CineMedia has a 12-month low of $1.05 and a 12-month high of $5.37. The stock has a market capitalization of $90.75 million, a P/E ratio of -1.66 and a beta of 1.38.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 7th. Stockholders of record on Monday, May 23rd will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 10.81%. The ex-dividend date of this dividend is Friday, May 20th. National CineMedia’s dividend payout ratio (DPR) is presently -17.91%.
In other news, CEO Thomas F. Lesinski sold 15,081 shares of the business’s stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $2.97, for a total value of $44,790.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.10% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. raised its position in National CineMedia by 81.0% during the 3rd quarter. Citigroup Inc. now owns 6,924 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 3,099 shares during the last quarter. ProShare Advisors LLC bought a new position in National CineMedia during the 4th quarter valued at approximately $37,000. BNP Paribas Arbitrage SA raised its position in National CineMedia by 363.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 10,562 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 8,281 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in National CineMedia during the 4th quarter valued at approximately $55,000. Finally, Centaurus Financial Inc. raised its position in National CineMedia by 38.4% during the 3rd quarter. Centaurus Financial Inc. now owns 18,875 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 5,234 shares during the last quarter.
About National CineMedia (Get Rating)
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 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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