National CineMedia, Inc. (NASDAQ:NCMI) declared a quarterly dividend on Tuesday, March 13th, Wall Street Journal reports. Shareholders of record on Thursday, March 22nd will be paid a dividend of 0.17 per share by the business services provider on Thursday, March 29th. This represents a $0.68 annualized dividend and a yield of 11.72%. The ex-dividend date is Wednesday, March 21st.
National CineMedia (NCMI) opened at $5.80 on Tuesday. The company has a debt-to-equity ratio of -14.71, a quick ratio of 1.76 and a current ratio of 1.76. National CineMedia has a 52 week low of $5.12 and a 52 week high of $12.75. The firm has a market capitalization of $449.03, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.82 and a beta of 0.36.
National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Monday, March 12th. The business services provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.06. National CineMedia had a negative return on equity of 41.83% and a net margin of 0.12%. The business had revenue of $140.70 million for the quarter, compared to analysts’ expectations of $144.48 million. During the same period last year, the business earned $0.24 EPS. The business’s revenue was down 1.3% on a year-over-year basis. equities research analysts anticipate that National CineMedia will post 0.31 earnings per share for the current year.
NCMI has been the topic of several recent analyst reports. BidaskClub upgraded National CineMedia from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Benchmark reiterated a “buy” rating and set a $10.00 target price (down from $12.00) on shares of National CineMedia in a research note on Tuesday, March 13th. B. Riley upgraded National CineMedia from a “neutral” rating to a “buy” rating and set a $7.00 target price on the stock in a research note on Monday. Zacks Investment Research upgraded National CineMedia from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Finally, ValuEngine upgraded National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. National CineMedia has an average rating of “Hold” and a consensus target price of $7.92.
In other news, major shareholder General L.P. Standard acquired 15,000 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were acquired at an average cost of $6.94 per share, for a total transaction of $104,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.40% of the company’s stock.
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About National CineMedia
National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.
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