Equities analysts expect Cinemark Holdings Inc (NYSE:CNK) to announce sales of $775.20 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Cinemark’s earnings. The highest sales estimate is $779.70 million and the lowest is $765.40 million. Cinemark reported sales of $700.92 million during the same quarter last year, which indicates a positive year over year growth rate of 10.6%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Cinemark will report full year sales of $775.20 million for the current fiscal year, with estimates ranging from $2.96 billion to $3.02 billion. For the next financial year, analysts forecast that the business will post sales of $3.14 billion per share, with estimates ranging from $3.07 billion to $3.19 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Cinemark.

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

A number of research firms recently commented on CNK. Wedbush reiterated an “outperform” rating and issued a $44.00 target price on shares of Cinemark in a research note on Thursday, October 5th. Morgan Stanley upgraded shares of Cinemark from an “underweight” rating to an “equal weight” rating and set a $38.00 target price for the company in a research note on Thursday, October 5th. Royal Bank of Canada lowered their target price on shares of Cinemark from $43.00 to $40.00 and set a “sector perform” rating for the company in a research note on Monday, September 25th. MKM Partners reiterated a “buy” rating and issued a $46.00 target price on shares of Cinemark in a research note on Monday, September 18th. Finally, Credit Suisse Group lowered their target price on shares of Cinemark from $34.00 to $30.00 and set an “underperform” rating for the company in a research note on Thursday, September 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Cinemark currently has an average rating of “Hold” and an average target price of $42.31.

Shares of Cinemark (NYSE:CNK) opened at $36.48 on Wednesday. The company has a market cap of $4,197.47, a P/E ratio of 17.24, a P/E/G ratio of 1.22 and a beta of 1.18. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.50 and a quick ratio of 1.46. Cinemark has a 12 month low of $32.03 and a 12 month high of $44.84.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders 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 yield of 3.18%. The ex-dividend date is Thursday, November 30th. Cinemark’s payout ratio is 54.98%.

Several large investors have recently bought and sold shares of CNK. Victory Capital Management Inc. increased its holdings in shares of Cinemark by 1,771.5% during the 3rd quarter. Victory Capital Management Inc. now owns 3,510,900 shares of the company’s stock valued at $127,129,000 after purchasing an additional 3,323,302 shares in the last quarter. FMR LLC increased its holdings in shares of Cinemark by 17.5% during the 2nd quarter. FMR LLC now owns 11,685,034 shares of the company’s stock valued at $453,963,000 after purchasing an additional 1,742,861 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Cinemark by 5,955.5% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 1,103,558 shares of the company’s stock valued at $40,236,000 after purchasing an additional 1,085,334 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Cinemark by 32.9% during the 2nd quarter. Jennison Associates LLC now owns 3,988,676 shares of the company’s stock valued at $154,960,000 after purchasing an additional 988,361 shares in the last quarter. Finally, AXA increased its holdings in shares of Cinemark by 1,227.3% during the 2nd quarter. AXA now owns 504,240 shares of the company’s stock valued at $19,590,000 after purchasing an additional 466,250 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

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Cinemark 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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Earnings History and Estimates for Cinemark (NYSE:CNK)

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