$0.36 Earnings Per Share Expected for Cinemark Holdings Inc (CNK) This Quarter
Equities analysts expect that Cinemark Holdings Inc (NYSE:CNK) will post earnings per share of $0.36 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Cinemark Holdings’ earnings, with estimates ranging from $0.30 to $0.42. Cinemark Holdings reported earnings of $0.56 per share during the same quarter last year, which indicates a negative year over year growth rate of 35.7%. The business is expected to announce its next quarterly earnings results on Tuesday, November 14th.
On average, analysts expect that Cinemark Holdings will report full year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.02 to $2.20. For the next year, analysts anticipate that the business will post earnings of $2.25 per share, with EPS estimates ranging from $2.14 to $2.50. Zacks’ EPS calculations are an average based on a survey of research firms that cover Cinemark Holdings.
Cinemark Holdings (NYSE:CNK) last issued its earnings results on Friday, August 4th. The company reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The firm had revenue of $751.20 million for the quarter, compared to the consensus estimate of $751.72 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year.
Several brokerages have recently weighed in on CNK. B. Riley restated a “buyl” rating on shares of Cinemark Holdings in a report on Monday, August 7th. BidaskClub cut Cinemark Holdings from a “buy” rating to a “hold” rating in a report on Friday, August 18th. ValuEngine cut Cinemark Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Barrington Research decreased their price objective on Cinemark Holdings from $49.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, August 7th. Finally, Zacks Investment Research cut Cinemark Holdings from a “hold” rating to a “sell” rating in a report on Thursday. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $42.07.
Cinemark Holdings (NYSE CNK) opened at 36.04 on Monday. The stock has a market cap of $4.17 billion, a P/E ratio of 15.40 and a beta of 1.10. The firm has a 50-day moving average price of $35.29 and a 200-day moving average price of $38.77. Cinemark Holdings has a 52 week low of $32.03 and a 52 week high of $44.84.
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In other Cinemark Holdings news, CEO Mark Zoradi purchased 5,000 shares of Cinemark Holdings stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average price of $32.19 per share, for a total transaction of $160,950.00. Following the completion of the acquisition, the chief executive officer now owns 172,456 shares of the company’s stock, valued at approximately $5,551,358.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.10% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. boosted its holdings in shares of Cinemark Holdings by 2.3% during the second quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock worth $145,000 after acquiring an additional 84 shares during the period. Quantbot Technologies LP bought a new stake in shares of Cinemark Holdings during the second quarter worth approximately $146,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Cinemark Holdings by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the company’s stock worth $147,000 after acquiring an additional 330 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Cinemark Holdings by 224.8% during the second quarter. Advisors Asset Management Inc. now owns 4,752 shares of the company’s stock worth $185,000 after acquiring an additional 3,289 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Cinemark Holdings during the first quarter worth approximately $213,000. Institutional investors and hedge funds own 90.13% of the company’s stock.
About Cinemark Holdings
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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