B. Riley Lowers Earnings Estimates for National CineMedia

National CineMedia, Inc. (NASDAQ:NCMI) – B. Riley cut their FY2024 EPS estimates for National CineMedia in a research report issued on Tuesday, November 5th. B. Riley analyst E. Wold now anticipates that the business services provider will earn ($0.17) per share for the year, down from their previous estimate of ($0.15). B. Riley has a “Buy” rating and a $8.50 price target on the stock. The consensus estimate for National CineMedia’s current full-year earnings is ($0.06) 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.

Several other equities research analysts have also issued reports on NCMI. Benchmark reiterated a “buy” rating and set a $8.00 target price on shares of National CineMedia in a research report on Monday, September 23rd. 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 research report on Wednesday. Finally, Wedbush restated a “neutral” rating and set a $7.50 price target (up previously from $6.00) on shares of National CineMedia in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.06.

National CineMedia Trading Down 4.6 %

National CineMedia stock opened at $6.30 on Friday. The stock has a market cap of $598.00 million, a P/E ratio of -25.20 and a beta of 2.07. National CineMedia has a fifty-two week low of $3.63 and a fifty-two week high of $7.39. The firm’s fifty day moving average price is $6.86 and its 200-day moving average price is $5.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.45 and a current ratio of 2.46.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The company had revenue of $62.40 million for the quarter, compared to the consensus estimate of $58.20 million. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. During the same quarter in the previous year, the firm posted $0.33 earnings per share.

Hedge Funds Weigh In On National CineMedia

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in National CineMedia by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,584,556 shares of the business services provider’s stock worth $18,460,000 after acquiring an additional 18,347 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of National CineMedia by 37.6% in the 1st quarter. First Eagle Investment Management LLC now owns 1,966,355 shares of the business services provider’s stock worth $10,127,000 after purchasing an additional 537,822 shares in the last quarter. Ancora Advisors LLC raised its stake in shares of National CineMedia by 64.2% in the first quarter. Ancora Advisors LLC now owns 1,136,476 shares of the business services provider’s stock worth $5,853,000 after purchasing an additional 444,433 shares during the last quarter. Luxor Capital Group LP lifted its holdings in shares of National CineMedia by 1,581.1% during the second quarter. Luxor Capital Group LP now owns 490,809 shares of the business services provider’s stock valued at $2,155,000 after purchasing an additional 461,614 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of National CineMedia by 124.9% during the third quarter. Harbor Capital Advisors Inc. now owns 469,338 shares of the business services provider’s stock valued at $3,309,000 after buying an additional 260,689 shares during the last quarter. 69.49% of the stock is currently owned by institutional investors.

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.