National CineMedia, Inc. (NCMI) - NASDAQ
  • Wed, Jul. 20, 8:09 AM
    • Stifel Nicolaus downgrades National CineMedia (NASDAQ:NCMI) to a Hold rating after having the stock set at Buy.
    • Credit Suisse, FBR, B. Riley, and Benchmark are still on the books with Buy/Outperform ratings on the in-theater advertising company, while no Wall Street firm has a sell/underperform stance.
    • Shares of NCMI are up 0.76% YTD.
    | Wed, Jul. 20, 8:09 AM
  • Fri, Jul. 8, 10:32 AM
    • The U.S box office is only up 1.3% through the 4th of July weekend compared to last year, according to an updated tabulation from BoxOfficeMojo.
    • Drexel Hamilton says its the filler movies scheduled between blockbusters that are to blame for the sub-2% growth. The investment firm points to Sony's (NYSE:SNE) Money Monster as an example of the trend. The film was set up as a blockbuster gap filler (Julia Roberts, George Clooney, and Jodie Foster as director), but has only brought in $41M to date.
    • What to watch: The exhibitor industry is desperate to hold on to the dinner-and-a-movie date concept with more data out suggesting that younger generations are skipping out on the latter half of the equation. Ticket pricing (+2% Y/Y) and concessions revenue per patron have been solid, but growing traffic steadily has been a challenge.
    • Related stocks: CKEC, AMC, CNK, RLD, IMAX, RDI, MCS, NCMI.
    | Fri, Jul. 8, 10:32 AM | 1 Comment
  • Mon, Jun. 13, 2:31 PM
    • Credit Suisse initiates coverage on National CineMedia (NCMI -0.6%) with an Outperform rating.
    • The investment firm assigns a price target of $21 to the theater advertising concern.
    • AMC Entertainment (AMC -2.2%) catches an Outperform rating and $34 PT (+29% upside).
    • Regal Entertainment (RGC -1.6%) is launched at Neutral with a $20 PT.
    • Cinemark (CNK -1.3%) is lined up at Neutral with a $33 PT.
    • The sector is under some selling pressure today due to the terrorist attack in Orlando.
    | Mon, Jun. 13, 2:31 PM
  • Sun, May 22, 6:09 PM
    • The U.S. box office continues to stay ahead of last year's pace after Angry Birds and Captain America: Civil War performed well over their opening weekend. Both films were comfortably over $30M level (domestic) for the weekend.
    • Next week could be even stronger with X-Men: Apocalyse set to debut. The superhero mashup has already earned more than $100M in the 75 global markets where it has opened (ranking #1 in 71 markets).
    • The U.S. box office YTD tally of $4.229B through May 22 is up 5.6% from the level of last year and 11.7% higher than the running total in 2014 through the same weekend.
    • Looking ahead, exhibitors hope to cash in even more on theater and format upgrades after reporting strong concessions revenue growth in Q1 (AMC was a leader with a 21% Y/Y jump or +6% per patron). Movie ticket prices have also trickled higher, averaging $8.58 this year sector-wide.
    • Looking even further ahead, despite some dabbling with a shortened release window and Netflix (NASDAQ:NFLX) introducing some movies on the big screen, the industry has stayed relatively consolidated in preventing a major disruption to its model such as the The Screening Room (see prior coverage) aims to unveil.
    • Related stocks: CKEC, AMC, CNK, RLD, IMAX, RDI, MCS, NCMI.
    | Sun, May 22, 6:09 PM | 2 Comments
  • Wed, May 4, 6:00 PM
    • National CineMedia (NASDAQ:NCMI) declares $0.22/share quarterly dividend, in line with previous.
    • Forward yield 6.14%
    • Payable June 2; for shareholders of record May 19; ex-div May 17.
    | Wed, May 4, 6:00 PM | 1 Comment
  • Wed, May 4, 4:50 PM
    • National CineMedia (NASDAQ:NCMI): Q1 EPS of -$0.05 misses by $0.01.
    • Revenue of $76.2M (-0.9% Y/Y) beats by $1.67M.
    • Press Release
    | Wed, May 4, 4:50 PM
  • Tue, May 3, 5:35 PM
  • Fri, Mar. 4, 7:37 AM
    • Analysts are weighing in on the exhibitor merger of AMC Entertainment (NYSE:AMC) and Carmike Cinemas (NASDAQ:CKEC). Some are wondering if another movie theater operator will rush in to top AMC's offer for Carmike.
    • "The transaction appears accretive," says MKM Partner's Eric Handler.
    • "We do not anticipate any significant divestitures from theatre overlap, but there could be some questions about AMC owning 18 percent of National CineMedia and Carmike's 20 percent interest in Screenvision," observes the analyst.
    • FBR's Barton Crockett is mainly positive on the merger, although he notes that buying at peak box office is a risk.
    • B. Riley & Co. analyst Eric Wold says the acquisition validates its conviction buy call on AMC due to the improved scale.
    • Previously: Carmike Cinemas, AMC log postmarket gains amid confirmed $1.1B merger deal (Mar. 03 2016)
    • Related stocks: CNK, RDI, MCS, NCMI.
    • AMC +7.39% premarket to $27.60. CKEC +15.65% to $29.04 vs. the deal price of $30.
    | Fri, Mar. 4, 7:37 AM | 9 Comments
  • Thu, Feb. 25, 4:51 PM
    • National CineMedia (NASDAQ:NCMI): Q4 EPS of $0.20 in-line.
    • Revenue of $136.4M (+10.8% Y/Y) beats by $7.92M.
    • Press Release
    | Thu, Feb. 25, 4:51 PM
  • Mon, Jan. 4, 11:49 AM
    • In-theater advertiser National CineMedia (NCMI -4.2%) has tapped MillerCoors veteran Andrew England as its new CEO.
    • England spent 10 years at MillerCoors, most recently as chief marketing officer and executive VP. He's replacing CEO and Chairman Kurt Hall, who's retiring and will advise the board and England for 24 months.
    • England is also becoming a director. Meanwhile, lead director Scott Schneider has been named chairman.
    | Mon, Jan. 4, 11:49 AM
  • Dec. 19, 2015, 11:08 AM
    | Dec. 19, 2015, 11:08 AM | 92 Comments
  • Dec. 18, 2015, 8:33 AM
    • Star Wars: The Force Awakens hits theaters with a vengeance this weekend  amid sky-high expectations for exhibitors. Though theater chains take a lower cut from blockbusters, and Disney films in general, concession and admission revenue for December is still expected to pop. A few numbers to watch are listed below.
    • The largest domestic December opening weekend ever was The Hobbitt: An Unexpected Journey at $37.13M which should fall easily, Star Wars could top the all-time U.S. opening weekend record set by Jurassic World of $208M.
    • The highest per theater average for an opening ever was Jurassic World at $48,555. A high mix of premium ticket sales for Star Wars could help that record fall by the wayside.
    • On the all-time global box office list, Star Wars is expected to rank somewhere behind the $3.554B haul of Titanic and Avatar's $2.932B. As long as Star Wars clears $2B, the exhibitor sector should meet expectations. That could be welcome relief for major names AMC Entertainment, Cinemark, Regal Entertainment, and Carmike Cinemas which all trail the YTD return of the S&P 500 Index.
    • YTD box office revenue in the U.S. is up 4.0% to $10.075B through December 16. Star Wars has two weeks to take that mark considerably higher.
    • Related stocks: CKEC, AMC, CNK, RLD, IMAX, RDI, MCS, NCMI.
    | Dec. 18, 2015, 8:33 AM | 24 Comments
  • Nov. 23, 2015, 3:00 PM
    • FBR Director of Research David Hilal and team started with 250 dividend stocks tracked by the company, then narrowed it to 25 to own in a rising rate environment, and then further trimmed the list to a favored ten.
    • Among the requirements: A minimum yield of 3%, an extremely safe payout with the opportunity to go higher, and stable to improving fundamentals which might drive share price appreciation in addition to the dividend.
    • The highest yielder of the group is New Residential (NYSE:NRZ) at more than a 15% yield. Analyst Jessica Levi-Ribner figures the stock deserves something closer to a 9% yield given its growing book value and clear outlook into earnings and the dividend (which has been on the rise).
    • The lowest yielder on the list is James River Holdings (NASDAQ:JRVR) at just over a 2% yield, but that's not counting special dividends - FBR expects the yield is nearly 9% once those are factored in.
    • The rest: Blackstone Mortgage Trust (NYSE:BXMT), Peak Resorts (NASDAQ:SKIS), Great Ajax (NYSE:AJX), Hospitality Properties (NYSE:HPT), Preferred Apartments (NYSE:APTS), Western Gas Partners (NYSE:WES), National CineMedia (NASDAQ:NCMI), Physicians Realty Trust (NYSE:DOC).
    | Nov. 23, 2015, 3:00 PM | 22 Comments
  • Nov. 9, 2015, 5:33 PM
    • In-theater marketing firm National CineMedia (NCMI -1.8%) is up 1.9% after hours, mitigating today's decline, after boosting guidance for Q4 and 2015 amid Q3 results where it missed expectations slightly.
    • Adjusted OIBDA rose 14.2% to $59.6M, above an expected $58.6M.
    • For Q4, the company raised guidance on revenues (up 2% to 6% to $125M-$131M, above an expected $122.7M) and OIBDA to $68M-$74M, above consensus of $67.7M.
    • For full 2015, it sees revenues up 10%-12% (to total of $435M-$441M, above expected $433.4M) and OIBDA of $223M-$229M (vs. $222M expected).
    | Nov. 9, 2015, 5:33 PM
  • Nov. 9, 2015, 4:33 PM
    • National CineMedia (NASDAQ:NCMI): Q3 EPS of $0.13 misses by $0.01.
    • Revenue of $111.7M (+10.8% Y/Y) misses by $1.04M.
    | Nov. 9, 2015, 4:33 PM
  • Oct. 15, 2015, 4:49 PM
    • In-theater ad firm National CineMedia (NASDAQ:NCMI) has declared "politics-free zones," saying it won't accept ads for political issues or candidates in its pre-movie ads.
    • That's forgoing some potentially lucrative revenue in a presidential election season where TV ad spending could hit $4.4B. NCM's pre-show advertising is seen on more than 20,100 screens as well as lobby views from its Lobby Entertainment Network in more than 40 affiliate theaters.
    • "There is no way to change the channel in a movie theater," says NCM's Cliff Marks. "That's why the only politics you'll see on the big screen are upcoming films with political plots."
    • Marks says that the company's advertisers won't have to worry about political clutter and pre-emption, and can avoid having their brands bumped against negative messaging that will "invade" all other video networks.
    | Oct. 15, 2015, 4:49 PM
Company Description
National CineMedia, Inc. operates as a holding company that manages its consolidated subsidiary NCM LLC. The company provides advertising, business meetings, event services and third-party theatre circuits under network affiliate agreements. It owns and operates the digital in-theatre network in... More
Sector: Services
Industry: Marketing Services
Country: United States