Cinemark Holdings, Inc. (NYSE:CNK) – Research analysts at Wedbush upped their Q1 2018 earnings per share (EPS) estimates for shares of Cinemark in a research note issued on Monday. Wedbush analyst M. Pachter now forecasts that the company will earn $0.69 per share for the quarter, up from their prior forecast of $0.59. Wedbush currently has a “Buy” rating and a $38.00 target price on the stock. Wedbush also issued estimates for Cinemark’s Q2 2018 earnings at $0.66 EPS.

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

A number of other equities research analysts have also weighed in on CNK. Royal Bank of Canada upgraded Cinemark from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $33.91 to $40.00 in a research report on Wednesday. Credit Suisse Group lowered their target price on Cinemark from $34.00 to $30.00 and set an “underperform” rating for the company in a research note on Thursday, September 28th. B. Riley set a $47.00 target price on Cinemark and gave the company a “buy” rating in a research note on Wednesday, October 18th. Piper Jaffray Companies restated a “buy” rating on shares of Cinemark in a research note on Sunday, September 17th. Finally, Zacks Investment Research cut Cinemark from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $42.00.

Shares of Cinemark (NYSE CNK) opened at $33.91 on Wednesday. The firm has a market capitalization of $3,950.00, a P/E ratio of 16.07, a PEG ratio of 1.04 and a beta of 1.18. Cinemark has a 1 year low of $32.03 and a 1 year high of $44.84. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.50 and a quick ratio of 1.46.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Thursday, November 30th. Cinemark’s payout ratio is presently 54.98%.

In other Cinemark news, EVP Tom Owens sold 9,213 shares of Cinemark stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $36.00, for a total transaction of $331,668.00. Following the completion of the transaction, the executive vice president now owns 42,722 shares in the company, valued at $1,537,992. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lee Roy Mitchell sold 174,607 shares of Cinemark stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $36.72, for a total value of $6,411,569.04. Following the transaction, the director now owns 5,528,843 shares of the company’s stock, valued at approximately $203,019,114.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 483,820 shares of company stock valued at $17,672,093. 9.10% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the business. Leith Wheeler Investment Counsel Ltd. purchased a new position in Cinemark during the fourth quarter valued at $1,832,000. AXA raised its stake in Cinemark by 5.4% during the third quarter. AXA now owns 531,640 shares of the company’s stock valued at $19,251,000 after buying an additional 27,400 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in Cinemark by 57.1% during the third quarter. Ameritas Investment Partners Inc. now owns 49,804 shares of the company’s stock valued at $1,710,000 after buying an additional 18,100 shares during the last quarter. California Public Employees Retirement System raised its stake in Cinemark by 0.6% during the third quarter. California Public Employees Retirement System now owns 264,939 shares of the company’s stock valued at $9,593,000 after buying an additional 1,539 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in Cinemark by 235.7% during the third quarter. Cubist Systematic Strategies LLC now owns 38,945 shares of the company’s stock valued at $1,410,000 after buying an additional 27,343 shares during the last quarter. Institutional investors and hedge funds own 94.62% of the company’s stock.

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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.

Earnings History and Estimates for Cinemark (NYSE:CNK)

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