Cinemark Holdings, Inc. (NYSE:CNK) to Post FY2019 Earnings of $2.06 Per Share, B. Riley Forecasts

Cinemark Holdings, Inc. (NYSE:CNK) – Stock analysts at B. Riley dropped their FY2019 EPS estimates for shares of Cinemark in a research note issued on Wednesday, November 6th. B. Riley analyst E. Wold now forecasts that the company will post earnings per share of $2.06 for the year, down from their prior estimate of $2.39. B. Riley also issued estimates for Cinemark’s Q4 2019 earnings at $0.65 EPS, Q2 2020 earnings at $0.85 EPS, Q3 2020 earnings at $0.47 EPS, Q4 2020 earnings at $0.64 EPS, FY2020 earnings at $2.32 EPS, Q1 2021 earnings at $0.38 EPS, Q2 2021 earnings at $0.88 EPS, Q3 2021 earnings at $0.50 EPS and FY2021 earnings at $2.42 EPS.

Other research analysts have also recently issued research reports about the company. ValuEngine upgraded Cinemark from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Credit Suisse Group assumed coverage on Cinemark in a research note on Friday, July 19th. They issued an “outperform” rating and a $43.00 target price for the company. Goldman Sachs Group set a $43.00 target price on Cinemark and gave the company a “buy” rating in a research note on Tuesday, October 15th. Wedbush restated a “buy” rating and issued a $45.00 target price on shares of Cinemark in a research note on Tuesday. Finally, Zacks Investment Research cut Cinemark from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Cinemark has an average rating of “Buy” and a consensus price target of $43.60.

CNK traded up $0.33 on Friday, hitting $36.31. 57,987 shares of the company were exchanged, compared to its average volume of 1,091,418. The firm has a fifty day simple moving average of $37.12 and a two-hundred day simple moving average of $38.27. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.92 and a current ratio of 0.95. Cinemark has a 12 month low of $34.49 and a 12 month high of $43.51. The stock has a market capitalization of $4.30 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68.

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.23). The firm had revenue of $821.82 million for the quarter, compared to the consensus estimate of $807.69 million. Cinemark had a net margin of 5.60% and a return on equity of 14.25%. Cinemark’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 earnings per share.

A number of large investors have recently made changes to their positions in the business. Banco Santander S.A. purchased a new position in shares of Cinemark in the third quarter worth $373,000. BBVA USA Bancshares Inc. grew its holdings in shares of Cinemark by 10.5% in the third quarter. BBVA USA Bancshares Inc. now owns 28,036 shares of the company’s stock worth $1,083,000 after acquiring an additional 2,668 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Cinemark by 314.3% in the third quarter. Tower Research Capital LLC TRC now owns 7,341 shares of the company’s stock worth $284,000 after acquiring an additional 5,569 shares during the period. Front Barnett Associates LLC grew its holdings in shares of Cinemark by 1.8% in the third quarter. Front Barnett Associates LLC now owns 347,599 shares of the company’s stock worth $13,431,000 after acquiring an additional 6,245 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of Cinemark by 32.6% in the third quarter. SG Americas Securities LLC now owns 11,512 shares of the company’s stock worth $445,000 after acquiring an additional 2,832 shares during the period. Institutional investors and hedge funds own 99.60% of the company’s stock.

Cinemark Company Profile

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of December 31, 2018, it operated 341 theatres and 4,586 screens in 41 states of the United States; and 205 theatres and 1,462 screens in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay.

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Earnings History and Estimates for Cinemark (NYSE:CNK)

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