Carmike Cinemas Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:CKEC)
Carmike Cinemas (NASDAQ:CKEC) has received a consensus recommendation of “Buy” from the ten brokerages that are covering the stock, AnalystRatings.NET reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $35.62.
A number of research firms have recently commented on CKEC. Analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Carmike Cinemas in a research note on Tuesday, August 5th. Separately, 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, July 31st. Finally, 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.
Carmike Cinemas (NASDAQ:CKEC) opened at 34.20 on Monday. Carmike Cinemas has a 1-year low of $16.92 and a 1-year high of $36.22. The stock has a 50-day moving average of $33.11 and a 200-day moving average of $31.66. The company has a market cap of $787.8 million and a P/E ratio of 159.07.
Carmike Cinemas (NASDAQ:CKEC) last released its earnings data on Monday, August 4th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.12. The company had revenue of $183.00 million for the quarter, compared to the consensus estimate of $180.03 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts predict that Carmike Cinemas will post $0.57 earnings per share for the current fiscal year.
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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