National CineMedia (NCMI) was Reiterated by The Benchmark Company to “Buy” while Lowering the Price Target of the company shares to $ 18.76 from a previous price target of $19.77 . The Benchmark Company advised their investors in a research report released on May 6, 2016.
On the company’s financial health, National CineMedia reported $-0.5 EPS for the quarter, missing the analyst consensus estimate by $ -0.46 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $-0.04. The company had revenue of $76.20 million for the quarter, compared to analysts expectations of $73.39 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.
National CineMedia opened for trading at $13.85 and hit $14.12 on the upside on Friday, eventually ending the session at $14.05, with a gain of 0.64% or 0.09 points. The heightened volatility saw the trading volume jump to 2,32,845 shares. Company has a market cap of $877 M.
In a different news, on Mar 16, 2016, Paula Williams Madison (director) sold 7,468 shares at $14.66 per share price. According to the SEC, on Mar 2, 2016, Scott N Schneider (director) sold 13,500 shares at $15.19 per share price. On Jan 23, 2015, Clifford E Marks (President of Sales & Marketing) sold 4,867 shares at $15.01 per share price, according to the Form-4 filing with the securities and exchange commission.
National CineMedia Inc. (NCM Inc.) is a holding company that manages its consolidated subsidiary National CineMedia LLC (NCM LLC). NCM LLC operates the digital in-theatre media network in North America through which it sells in-theatre and online advertising and promotions. The Company’s advertising and entertainment pre-show called FirstLook lobby entertainment network (LEN) programming and Fathom Events are distributed across its digital content network (DCN) utilizing its digital content software (DCS). NCM Inc. has no business operations or material assets other than its cash and ownership interest of approximately 45.8% of the common membership units in NCM LLC as of January 1 2015. The Company also sells advertising programming on other forms of advertising and promotions in theatre lobbies and across its online network and a mobile app called Movie Night Out.