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

National CineMedia (NASDAQ:NCMI) released its quarterly earnings data on Monday. The business services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01), Yahoo Finance reports. The business had revenue of $54.70 million during the quarter, compared to analyst estimates of $49.87 million. National CineMedia had a net margin of 426.76% and a return on equity of 3.45%. During the same period last year, the business earned ($0.07) earnings per share. National CineMedia updated its Q3 2024 guidance to EPS.

National CineMedia Trading Down 4.8 %

Shares of NCMI stock traded down $0.30 on Wednesday, hitting $5.99. The company had a trading volume of 643,957 shares, compared to its average volume of 680,404. The stock’s 50-day moving average is $5.00 and its two-hundred day moving average is $4.70. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.76 and a current ratio of 2.76. The firm has a market cap of $578.47 million, a P/E ratio of 0.18 and a beta of 2.03. National CineMedia has a twelve month low of $3.10 and a twelve month high of $6.50.

Analysts Set New Price Targets

NCMI has been the subject of a number of research reports. Wedbush restated a “neutral” rating and issued a $6.00 price target on shares of National CineMedia in a research note on Tuesday. StockNews.com downgraded National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Benchmark reiterated a “speculative buy” rating and issued a $6.00 target price on shares of National CineMedia in a research report on Tuesday. Finally, Barrington Research upgraded National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 price target on the stock in a report on Tuesday. One 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.56.

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.