Cinemark Holdings, Inc. (NYSE:CNK) – Investment analysts at Imperial Capital lowered their FY2019 earnings per share estimates for shares of Cinemark in a research report issued on Wednesday, November 6th. Imperial Capital analyst D. Miller now expects that the company will post earnings per share of $2.09 for the year, down from their previous estimate of $2.22. Imperial Capital also issued estimates for Cinemark’s Q4 2019 earnings at $0.67 EPS, Q1 2020 earnings at $0.43 EPS, Q2 2020 earnings at $0.84 EPS, Q3 2020 earnings at $0.57 EPS, Q4 2020 earnings at $0.64 EPS and FY2020 earnings at $2.48 EPS.
Other research analysts have also recently issued reports about the stock. MKM Partners decreased their price objective on shares of Cinemark from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Macquarie set a $42.00 price objective on shares of Cinemark and gave the company a “hold” rating in a research note on Tuesday, October 15th. Wedbush reaffirmed a “buy” rating and set a $45.00 target price on shares of Cinemark in a research note on Tuesday. Credit Suisse Group initiated coverage on shares of Cinemark in a research note on Friday, July 19th. They set an “outperform” rating and a $43.00 target price on the stock. Finally, Goldman Sachs Group set a $43.00 target price on shares of Cinemark and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $43.60.
NYSE:CNK traded up $0.33 during mid-day trading on Friday, reaching $36.31. The stock had a trading volume of 57,987 shares, compared to its average volume of 1,091,418. The stock has a 50-day simple moving average of $37.12 and a two-hundred day simple moving average of $38.27. The stock has a market capitalization of $4.30 billion, a PE ratio of 19.84, a P/E/G ratio of 1.06 and a beta of 0.68. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.95 and a quick ratio of 0.92. Cinemark has a 12 month low of $34.49 and a 12 month high of $43.51.
Cinemark (NYSE:CNK) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.23). The firm had revenue of $821.82 million during 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%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $0.43 earnings per share.
Several large investors have recently modified their holdings of the company. Quadrant Capital Group LLC grew its position in shares of Cinemark by 537.4% during the third quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock worth $34,000 after buying an additional 790 shares in the last quarter. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Cinemark in the second quarter valued at $49,000. Quest Capital Management Inc. ADV purchased a new stake in shares of Cinemark in the third quarter valued at $54,000. Marshall Wace LLP purchased a new stake in shares of Cinemark in the first quarter valued at $65,000. Finally, Cerebellum GP LLC purchased a new stake in shares of Cinemark in the third quarter valued at $118,000. Institutional investors 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.
Further Reading: Market Perform
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