Brokerages predict that Cinemark Holdings Inc (NYSE:CNK) will report earnings of $0.52 per share for the current quarter, Zacks reports. Four analysts have made estimates for Cinemark’s earnings. The lowest EPS estimate is $0.44 and the highest is $0.57. Cinemark reported earnings per share of $0.64 during the same quarter last year, which suggests a negative year over year growth rate of 18.8%. The company is expected to issue its next earnings report on Thursday, February 22nd.

On average, analysts expect that Cinemark will report full-year earnings of $1.97 per share for the current financial year, with EPS estimates ranging from $1.90 to $2.03. For the next fiscal year, analysts forecast that the firm will report earnings of $2.19 per share, with EPS estimates ranging from $2.06 to $2.29. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Cinemark.

Cinemark (NYSE:CNK) last released its quarterly earnings results on Friday, November 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). The business had revenue of $710.70 million during the quarter, compared to analyst estimates of $702.60 million. Cinemark had a net margin of 8.36% and a return on equity of 18.43%. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 earnings per share.

Several analysts have recently commented on CNK shares. Credit Suisse Group lowered their price target on shares of Cinemark from $34.00 to $30.00 and set an “underperform” rating on the stock in a research report on Thursday, September 28th. Royal Bank Of Canada set a $43.00 price target on shares of Cinemark and gave the company a “hold” rating in a research report on Sunday, September 10th. Morgan Stanley upgraded shares of Cinemark from an “underweight” rating to an “equal weight” rating and set a $38.00 price target on the stock in a research report on Thursday, October 5th. Zacks Investment Research lowered shares of Cinemark from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Finally, Wedbush reiterated an “outperform” rating and issued a $44.00 price target on shares of Cinemark in a research report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $42.31.

Cinemark (NYSE:CNK) traded up $0.31 during mid-day trading on Monday, hitting $36.35. 1,385,059 shares of the stock traded hands, compared to its average volume of 1,098,245. The firm has a market capitalization of $4,190.00, a price-to-earnings ratio of 17.24, a PEG ratio of 1.22 and a beta of 1.18. Cinemark has a twelve month low of $32.03 and a twelve month high of $44.84. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 1.50.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Thursday, November 30th. Cinemark’s payout ratio is 54.98%.

Large investors have recently bought and sold shares of the business. Cable Hill Partners LLC raised its stake in Cinemark by 3,300.0% during the third quarter. Cable Hill Partners LLC now owns 2,958 shares of the company’s stock worth $107,000 after purchasing an additional 2,871 shares during the period. Ffcm LLC purchased a new position in Cinemark during the third quarter worth approximately $125,000. Zions Bancorporation purchased a new position in Cinemark during the third quarter worth approximately $125,000. Advisor Group Inc. raised its stake in Cinemark by 2.3% during the second quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock worth $145,000 after purchasing an additional 84 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Cinemark during the second quarter worth approximately $146,000. 94.63% of the stock is currently owned by institutional investors.

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About Cinemark

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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Earnings History and Estimates for Cinemark (NYSE:CNK)

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