National CineMedia (NASDAQ:NCMI) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

National CineMedia (NASDAQ:NCMI) posted its earnings results on Tuesday. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $62.40 million for the quarter, compared to analysts’ expectations of $58.20 million. During the same period last year, the firm posted $0.33 earnings per share. National CineMedia updated its Q4 2024 guidance to EPS.

National CineMedia Stock Down 8.6 %

National CineMedia stock traded down $0.63 during mid-day trading on Wednesday, hitting $6.67. The company had a trading volume of 873,692 shares, compared to its average volume of 607,414. 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 stock’s 50 day moving average price is $6.89 and its two-hundred day moving average price is $5.78. National CineMedia has a 12 month low of $3.63 and a 12 month high of $7.39. The company has a market capitalization of $644.12 million, a PE ratio of 2.54 and a beta of 2.07.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NCMI. B. Riley boosted their target price on National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Friday, August 16th. Barrington Research raised National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 target price on the stock in a research note on Tuesday, August 6th. Wedbush reissued a “neutral” rating and set a $7.50 target price (up from $6.00) on shares of National CineMedia in a research note on Monday. Finally, Benchmark restated a “buy” rating and set a $8.00 price target on shares of National CineMedia in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $7.88.

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.