National CineMedia (NCMI) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $-0.5 earnings per share for the quarter, missing the analyst consensus estimate by $-0.46. Analysts had a consensus of $-0.04. The company posted revenue of $76.20 million in the period, 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.
Many Wall Street Analysts have commented on National CineMedia. Credit Suisse Resumed National CineMedia on Feb 5, 2016 to “Outperform”, Price Target of the shares are set at $21.
National CineMedia opened for trading at $14.29 and hit $14.47 on the upside on Monday, eventually ending the session at $14.35, with a gain of 1.06% or 0.15 points. The heightened volatility saw the trading volume jump to 1,07,875 shares. Company has a market cap of $900 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.