FBR & Co Weighs in on Cinemark Holdings Inc.’s Q3 2016 Earnings (CNK)
Cinemark Holdings Inc. (NYSE:CNK) – Investment analysts at FBR & Co cut their Q3 2016 earnings estimates for shares of Cinemark Holdings in a research report issued on Monday. FBR & Co analyst B. Crockett now forecasts that the brokerage will post earnings per share of $0.63 for the quarter, down from their previous forecast of $0.72. FBR & Co also issued estimates for Cinemark Holdings’ Q4 2016 earnings at $0.46 EPS.
Several other analysts also recently issued reports on CNK. Loop Capital reissued a “buy” rating and set a $44.00 target price on shares of Cinemark Holdings in a research note on Tuesday, October 4th. Wedbush reissued a “neutral” rating and set a $40.00 target price on shares of Cinemark Holdings in a research note on Thursday, September 22nd. B. Riley reissued a “buy” rating and set a $47.00 target price on shares of Cinemark Holdings in a research note on Sunday, August 14th. Wunderlich lifted their target price on Cinemark Holdings from $40.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Finally, Drexel Hamilton downgraded Cinemark Holdings from a “buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $40.46.
Cinemark Holdings (NYSE:CNK) remained flat at $39.51 during mid-day trading on Wednesday. 98,401 shares of the company traded hands. The firm has a 50 day moving average of $38.55 and a 200-day moving average of $36.57. The company has a market cap of $4.57 billion, a PE ratio of 21.14 and a beta of 1.01. Cinemark Holdings has a 1-year low of $26.56 and a 1-year high of $40.19.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/fbr-co-weighs-in-on-cinemark-holdings-inc-s-q3-2016-earnings-cnk.html
Cinemark Holdings (NYSE:CNK) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by $0.05. The company had revenue of $744.40 million for the quarter, compared to analysts’ expectations of $746.05 million. Cinemark Holdings had a net margin of 7.58% and a return on equity of 19.68%. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period last year, the company posted $0.61 EPS.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Wednesday, August 31st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Monday, August 29th. Cinemark Holdings’s payout ratio is currently 58.06%.
Institutional investors have recently bought and sold shares of the stock. Raymond James Trust N.A. boosted its position in Cinemark Holdings by 1.5% in the third quarter. Raymond James Trust N.A. now owns 18,031 shares of the company’s stock worth $691,000 after buying an additional 259 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Cinemark Holdings by 2.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 36,160 shares of the company’s stock worth $1,384,000 after buying an additional 729 shares during the last quarter. Park National Corp OH boosted its position in Cinemark Holdings by 37.8% in the third quarter. Park National Corp OH now owns 7,681 shares of the company’s stock worth $294,000 after buying an additional 2,106 shares during the last quarter. Macquarie Group Ltd. boosted its position in Cinemark Holdings by 31.7% in the second quarter. Macquarie Group Ltd. now owns 1,174,674 shares of the company’s stock worth $42,829,000 after buying an additional 282,602 shares during the last quarter. Finally, Carnick & Kubik Group LLC acquired a new position in Cinemark Holdings during the second quarter worth about $664,000. Institutional investors own 88.53% of the company’s stock.
Cinemark Holdings Company Profile
Cinemark Holdings, Inc (Cinemark) is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Curacao and Bolivia. The Company manages its business in two segments: United States markets and international markets.
Receive News & Ratings for Cinemark Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cinemark Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.