Q3 2017 EPS Estimates for Cinemark Holdings Inc. Lifted by Barrington Research (CNK)
Cinemark Holdings Inc. (NYSE:CNK) – Investment analysts at Barrington Research boosted their Q3 2017 earnings per share (EPS) estimates for Cinemark Holdings in a note issued to investors on Monday. Barrington Research analyst J. Goss now expects that the brokerage will post earnings of $0.58 per share for the quarter, up from their previous estimate of $0.55. Barrington Research also issued estimates for Cinemark Holdings’ Q4 2017 earnings at $0.54 EPS, FY2017 earnings at $2.25 EPS and FY2018 earnings at $2.50 EPS.
A number of other equities research analysts also recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $47.00 price objective on shares of Cinemark Holdings in a research report on Sunday, August 14th. MKM Partners boosted their price objective on shares of Cinemark Holdings from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, July 25th. Drexel Hamilton reaffirmed a “buy” rating on shares of Cinemark Holdings in a research report on Thursday, July 7th. Loop Capital reaffirmed a “buy” rating and set a $44.00 price objective on shares of Cinemark Holdings in a research report on Tuesday, October 4th. Finally, Credit Suisse Group AG set a $37.00 price objective on shares of Cinemark Holdings and gave the company a “hold” rating in a research report on Monday, August 1st. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Cinemark Holdings presently has an average rating of “Buy” and a consensus price target of $41.04.
Cinemark Holdings (NYSE:CNK) traded up 0.45% during midday trading on Tuesday, hitting $40.00. 314,330 shares of the stock were exchanged. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 21.40 and a beta of 1.01. The firm’s 50-day moving average is $38.72 and its 200 day moving average is $36.67. Cinemark Holdings has a 52 week low of $26.56 and a 52 week high of $40.29.
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Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.05. Cinemark Holdings had a net margin of 7.58% and a return on equity of 19.68%. The company had revenue of $744.40 million for the quarter, compared to analyst estimates of $746.05 million. During the same quarter in the previous year, the business posted $0.61 earnings per share. Cinemark Holdings’s revenue was down 6.9% on a year-over-year basis.
A number of hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. raised its stake in Cinemark Holdings by 99.9% in the second quarter. Bessemer Group Inc. now owns 3,346 shares of the company’s stock valued at $122,000 after buying an additional 1,672 shares in the last quarter. Advisor Group Inc. acquired a new stake in Cinemark Holdings during the second quarter valued at approximately $121,000. Cantab Capital Partners LLP acquired a new stake in Cinemark Holdings during the second quarter valued at approximately $161,000. Park National Corp OH acquired a new stake in Cinemark Holdings during the second quarter valued at approximately $203,000. Finally, Advance Capital I Inc. acquired a new stake in Cinemark Holdings during the second quarter valued at approximately $204,000. 88.49% of the stock is owned by institutional investors and hedge funds.
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.
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