News headlines about National CineMedia (NASDAQ:NCMI) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. National CineMedia earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 48.0221258058387 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Analyzing IZEA (IZEA) & National CineMedia (NCMI) (americanbankingnews.com)
- National CineMedia (NCMI) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- National CineMedia (NCMI) Upgraded to “Sell” by ValuEngine (americanbankingnews.com)
- Stock Traders Buy Large Volume of Call Options on National CineMedia (NCMI) (americanbankingnews.com)
- National CineMedia (NCMI) Raised to “Buy” at Zacks Investment Research (americanbankingnews.com)
Several equities research analysts have commented on the company. BidaskClub upgraded National CineMedia from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research upgraded National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, March 16th. Benchmark restated a “buy” rating and issued a $10.00 target price (down previously from $12.00) on shares of National CineMedia in a research note on Tuesday, March 13th. Barrington Research restated a “hold” rating on shares of National CineMedia in a research note on Monday, March 19th. Finally, B. Riley upgraded National CineMedia from a “neutral” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Monday, March 19th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $7.29.
Shares of National CineMedia traded up $0.09, reaching $7.27, on Tuesday, Marketbeat reports. 33,763 shares of the company were exchanged, compared to its average volume of 878,997. National CineMedia has a one year low of $5.09 and a one year high of $8.31. The stock has a market cap of $561.65 million, a P/E ratio of 18.15 and a beta of 0.53. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of -11.19.
National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Monday, May 7th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. National CineMedia had a negative return on equity of 53.20% and a net margin of 0.83%. The company had revenue of $80.20 million for the quarter, compared to analysts’ expectations of $75.18 million. During the same quarter in the prior year, the business posted ($0.02) EPS. The business’s revenue was up 11.5% compared to the same quarter last year. sell-side analysts expect that National CineMedia will post 0.38 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 18th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 9.35%. The ex-dividend date of this dividend is Thursday, May 17th. National CineMedia’s dividend payout ratio is currently 170.00%.
In related news, major shareholder General L.P. Standard acquired 249,400 shares of the company’s stock in a transaction dated Thursday, March 22nd. The shares were bought at an average price of $5.51 per share, for a total transaction of $1,374,194.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have bought 1,387,513 shares of company stock worth $7,889,192. Company insiders own 5.40% of the company’s stock.
National CineMedia Company Profile
National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates an in-theatre digital media network in North America. The company produces and distributes various versions of Noovie, a cinema advertising and entertainment pre-show on movie screens; sells advertising on its lobby entertainment network; and other forms of advertising and promotions in theatre lobbies.
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