Cinemark Holdings Inc (CNK) to Release Quarterly Earnings on Friday
Cinemark Holdings Inc (NYSE:CNK) is scheduled to be announcing its earnings results before the market opens on Friday, November 3rd. Analysts expect the company to announce earnings of $0.41 per share for the quarter.
Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate 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 analysts’ expectations of $751.72 million. During the same period last year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts expect Cinemark Holdings to post $2.06 EPS for the current fiscal year and $2.25 EPS for the next fiscal year.
Cinemark Holdings Inc (NYSE CNK) opened at 36.78 on Friday. The company has a market capitalization of $4.26 billion, a PE ratio of 15.72 and a beta of 1.10. The stock’s 50 day moving average price is $35.74 and its 200-day moving average price is $38.37. Cinemark Holdings Inc has a 52 week low of $32.03 and a 52 week high of $44.84.
In related news, CEO Mark Zoradi bought 5,000 shares of the company’s stock in a transaction on Friday, September 8th. The shares were acquired at an average cost of $32.19 per share, for a total transaction of $160,950.00. Following the purchase, the chief executive officer now directly owns 172,456 shares of the company’s stock, valued at $5,551,358.64. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 9.10% of the stock is owned by corporate insiders.
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Several brokerages have recently issued reports on CNK. B. Riley set a $47.00 target price on shares of Cinemark Holdings and gave the company a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research cut shares of Cinemark Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Wedbush restated an “outperform” rating and set a $44.00 target price on shares of Cinemark Holdings in a research report on Thursday, October 5th. Morgan Stanley upgraded shares of Cinemark Holdings from an “underweight” rating to an “equal weight” rating and set a $38.00 target price on the stock in a research report on Thursday, October 5th. Finally, Credit Suisse Group decreased their target price on shares of Cinemark Holdings from $34.00 to $30.00 and set an “underperform” rating on the stock in a research report on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $42.00.
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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