Cinemark Holdings Inc (CNK) to Release Earnings on Friday
Cinemark Holdings Inc (NYSE:CNK) will release its earnings data before the market opens on Friday, August 4th. Analysts expect Cinemark Holdings to post earnings of $0.45 per share for the quarter.
Cinemark Holdings (NYSE:CNK) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.07. Cinemark Holdings had a return on equity of 21.75% and a net margin of 9.23%. The company had revenue of $779.60 million for the quarter, compared to analyst estimates of $750.75 million. During the same quarter in the prior year, the firm posted $0.50 EPS. Cinemark Holdings’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, analysts expect Cinemark Holdings to post $2.19 EPS for the current fiscal year and $2.40 EPS for the next fiscal year.
Shares of Cinemark Holdings Inc (CNK) opened at 39.01 on Friday. Cinemark Holdings Inc has a 12-month low of $36.08 and a 12-month high of $44.84. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 16.46 and a beta of 1.04. The company’s 50-day moving average price is $38.75 and its 200 day moving average price is $41.33.
A number of research firms have commented on CNK. B. Riley restated a “buy” rating and issued a $53.50 target price on shares of Cinemark Holdings in a research report on Tuesday, April 18th. Wedbush upgraded Cinemark Holdings from a “neutral” rating to an “outperform” rating and set a $44.00 target price on the stock in a research report on Wednesday. ValuEngine upgraded Cinemark Holdings from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Morgan Stanley reduced their target price on Cinemark Holdings from $43.00 to $40.00 and set an “underweight” rating on the stock in a research report on Thursday, July 6th. Finally, FBR & Co downgraded Cinemark Holdings from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a research report on Monday, April 3rd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Cinemark Holdings currently has a consensus rating of “Hold” and an average target price of $43.50.
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In related news, insider Valmir Fernandes sold 6,000 shares of the business’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $43.53, for a total transaction of $261,180.00. Following the completion of the transaction, the insider now directly owns 85,505 shares of the company’s stock, valued at approximately $3,722,032.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.20% of the company’s stock.
Cinemark Holdings Company Profile
Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.
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