Carmike Cinemas (CKEC) Releases Quarterly Earnings Results
Carmike Cinemas (NASDAQ:CKEC) posted its quarterly earnings results on Monday. The company reported $0.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.12, AR Network reports. The company had revenue of $183.00 million for the quarter, compared to the consensus estimate of $180.03 million. During the same quarter last year, the company posted $0.38 earnings per share. Carmike Cinemas’s revenue was up 8.0% compared to the same quarter last year.
Carmike Cinemas (NASDAQ:CKEC) traded up 2.34% during mid-day trading on Monday, hitting $32.39. The stock had a trading volume of 185,436 shares. Carmike Cinemas has a 52-week low of $16.92 and a 52-week high of $36.22. The stock has a 50-day moving average of $33.53 and a 200-day moving average of $31.18. The company has a market cap of $745.4 million and a price-to-earnings ratio of 81.15.
Several analysts have recently commented on the stock. Analysts at Benchmark Co. cut their price target on shares of Carmike Cinemas from $38.19 to $37.62 in a research note on Thursday. On the ratings front, analysts at Maxim Group reiterated a “buy” rating on shares of Carmike Cinemas in a research note on Tuesday, July 29th. They now have a $38.00 price target on the stock. Finally, analysts at Topeka Capital Markets upgraded shares of Carmike Cinemas from a “hold” rating to a “buy” rating in a research note on Thursday, July 24th. They now have a $36.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $35.37.
Carmike Cinemas, Inc is a motion picture exhibitor in the United States. As of December 31, 2012, the Company owned, operated or had an interest in 249 theatres with 2,502 screens located in 35 states.
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