Q3 2016 EPS Estimates for Carmike Cinemas Inc. Lifted by B. Riley (CKEC)
Carmike Cinemas Inc. (NASDAQ:CKEC) – Stock analysts at B. Riley lifted their Q3 2016 earnings per share (EPS) estimates for shares of Carmike Cinemas in a research note issued on Thursday. B. Riley analyst E. Wold now anticipates that the brokerage will post earnings per share of $0.03 for the quarter, up from their prior forecast of ($0.02). B. Riley currently has a “Neutral” rating and a $32.75 price target on the stock. B. Riley also issued estimates for Carmike Cinemas’ FY2016 earnings at $0.22 EPS, FY2017 earnings at $0.83 EPS, Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.25 EPS and FY2018 earnings at $1.09 EPS.
Carmike Cinemas (NASDAQ:CKEC) last released its quarterly earnings data on Monday, August 1st. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.04. Carmike Cinemas had a net margin of 0.15% and a return on equity of 3.65%. The company earned $204.70 million during the quarter, compared to analyst estimates of $209.35 million. During the same quarter in the prior year, the company earned $0.36 EPS. The business’s revenue was down 6.6% on a year-over-year basis.
CKEC has been the topic of a number of other research reports. Wedbush reiterated a “neutral” rating and issued a $33.00 price target on shares of Carmike Cinemas in a report on Thursday, September 22nd. Zacks Investment Research lowered shares of Carmike Cinemas from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 6th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $30.83.
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Shares of Carmike Cinemas (NASDAQ:CKEC) opened at 33.00 on Monday. The firm has a market cap of $804.80 million, a P/E ratio of 660.00 and a beta of 1.39. The stock’s 50 day moving average is $32.38 and its 200 day moving average is $30.82. Carmike Cinemas has a 52 week low of $18.52 and a 52 week high of $33.34.
A number of large investors have recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. increased its stake in Carmike Cinemas by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 654,377 shares of the company’s stock valued at $19,657,000 after buying an additional 14,476 shares during the period. JPMorgan Chase & Co. purchased a new stake in Carmike Cinemas during the first quarter valued at about $4,032,000. OMERS ADMINISTRATION Corp purchased a new stake in Carmike Cinemas during the first quarter valued at about $10,757,000. Renaissance Technologies LLC increased its stake in Carmike Cinemas by 360.2% in the first quarter. Renaissance Technologies LLC now owns 607,500 shares of the company’s stock valued at $18,249,000 after buying an additional 475,500 shares during the period. Finally, Bayesian Capital Management LP purchased a new stake in Carmike Cinemas during the first quarter valued at about $309,000. 86.62% of the stock is currently owned by hedge funds and other institutional investors.
About Carmike Cinemas
Carmike Cinemas, Inc is a motion picture exhibitor company. The Company owns and operates theatres and screens. Its theatres are equipped to provide digital cinema. It owns, operates or has an interest in approximately 280 theatres with over 2,940 screens located in over 40 states. In addition, it has approximately 260 theatres with over 1,090 screens equipped for three dimension (3-D).
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