Wall Street analysts expect that Cinemark Holdings, Inc. (NYSE:CNK) will announce earnings of $0.34 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Cinemark’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.27. Cinemark reported earnings of $0.33 per share during the same quarter last year, which indicates a positive year over year growth rate of 3%. The business is scheduled to announce its next earnings results on Friday, November 2nd.
On average, analysts expect that Cinemark will report full-year earnings of $1.99 per share for the current financial year, with EPS estimates ranging from $1.81 to $2.13. For the next financial year, analysts forecast that the company will report earnings of $2.22 per share, with EPS estimates ranging from $2.05 to $2.47. Zacks’ EPS averages are an average based on a survey of analysts that cover Cinemark.
Cinemark (NYSE:CNK) last released its earnings results on Wednesday, August 8th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.05). Cinemark had a net margin of 8.86% and a return on equity of 19.49%. The business had revenue of $889.05 million for the quarter, compared to analyst estimates of $897.68 million. During the same period in the prior year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis.
Several analysts recently commented on the stock. Wedbush reissued a “buy” rating and set a $43.00 target price on shares of Cinemark in a research note on Tuesday, July 3rd. Zacks Investment Research lowered shares of Cinemark from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 16th. B. Riley reissued a “buy” rating on shares of Cinemark in a research note on Monday, August 6th. ValuEngine lowered shares of Cinemark from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Finally, Barrington Research reissued a “buy” rating and set a $47.00 target price on shares of Cinemark in a research note on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Cinemark presently has a consensus rating of “Hold” and a consensus target price of $41.59.
CNK stock traded down $0.23 on Tuesday, hitting $37.89. 921,000 shares of the company’s stock traded hands, compared to its average volume of 1,190,002. Cinemark has a 1-year low of $32.60 and a 1-year high of $44.00. The firm has a market cap of $4.43 billion, a PE ratio of 16.77, a P/E/G ratio of 1.27 and a beta of 0.99. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.43 and a quick ratio of 1.39.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, August 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.38%. Cinemark’s dividend payout ratio is currently 56.64%.
Several hedge funds have recently added to or reduced their stakes in CNK. Alps Advisors Inc. acquired a new stake in shares of Cinemark during the first quarter valued at approximately $446,000. SG Americas Securities LLC raised its holdings in shares of Cinemark by 50.8% during the first quarter. SG Americas Securities LLC now owns 50,642 shares of the company’s stock valued at $1,908,000 after acquiring an additional 17,049 shares during the period. Swiss National Bank increased its stake in Cinemark by 2.3% in the 1st quarter. Swiss National Bank now owns 182,600 shares of the company’s stock valued at $6,879,000 after buying an additional 4,100 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Cinemark by 6.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 791,461 shares of the company’s stock valued at $29,815,000 after buying an additional 48,534 shares during the period. Finally, Aperio Group LLC increased its stake in Cinemark by 9.6% in the 1st quarter. Aperio Group LLC now owns 39,654 shares of the company’s stock valued at $1,494,000 after buying an additional 3,486 shares during the period. Institutional investors and hedge funds own 99.39% of the company’s stock.
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. It operates theatres in the United States, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay. As of June 30, 2018, the company operated 539 theatres and 5,998 screens.
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