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

National CineMedia (NASDAQ:NCMI) issued its earnings results on Tuesday. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01), Zacks reports. National CineMedia had a return on equity of 3.50% and a net margin of 78.04%. The firm had revenue of $62.40 million for the quarter, compared to analysts’ expectations of $58.20 million. During the same quarter in the previous year, the firm posted $0.33 EPS. National CineMedia updated its Q4 2024 guidance to EPS.

National CineMedia Stock Performance

Shares of National CineMedia stock traded up $0.04 during trading hours on Thursday, reaching $6.57. The company’s stock had a trading volume of 175,090 shares, compared to its average volume of 610,569. National CineMedia has a one year low of $3.63 and a one year high of $7.39. The company’s 50 day simple moving average is $6.88 and its 200 day simple moving average is $5.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.45 and a current ratio of 2.45. The stock has a market cap of $634.46 million, a P/E ratio of 2.44 and a beta of 2.07.

Analyst Ratings Changes

Several brokerages have recently weighed in on NCMI. B. Riley raised 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. Wedbush reiterated 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. Barrington Research raised their price target 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, Benchmark reaffirmed a “buy” rating and issued a $8.00 price target on shares of National CineMedia in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $8.06.

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.