Equities research analysts forecast that Cinemark Holdings, Inc. (NYSE:CNK) will post earnings of $0.64 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Cinemark’s earnings, with the highest EPS estimate coming in at $0.69 and the lowest estimate coming in at $0.54. Cinemark posted earnings per share of $0.17 in the same quarter last year, which would suggest a positive year over year growth rate of 276.5%. The company is scheduled to report its next quarterly earnings results on Friday, February 28th.
According to Zacks, analysts expect that Cinemark will report full-year earnings of $2.07 per share for the current financial year, with EPS estimates ranging from $2.04 to $2.10. For the next financial year, analysts forecast that the company will post earnings of $2.29 per share, with EPS estimates ranging from $1.80 to $2.65. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Cinemark.
Cinemark (NYSE:CNK) last released its earnings results on Tuesday, November 5th. The company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.23). The firm had revenue of $821.82 million during the quarter, compared to analysts’ expectations of $807.69 million. Cinemark had a net margin of 5.60% and a return on equity of 14.25%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 EPS.
A number of research analysts have recently commented on CNK shares. Macquarie set a $42.00 target price on Cinemark and gave the company a “hold” rating in a research note on Tuesday, October 15th. Zacks Investment Research cut Cinemark from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Wedbush restated a “buy” rating and issued a $45.00 target price on shares of Cinemark in a research note on Tuesday, November 5th. ValuEngine upgraded Cinemark from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, Goldman Sachs Group set a $43.00 price objective on Cinemark and gave the company a “buy” rating in a research note on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $43.60.
A number of large investors have recently made changes to their positions in CNK. Marshall Wace LLP purchased a new position in Cinemark during the first quarter valued at $65,000. Amundi Pioneer Asset Management Inc. raised its stake in shares of Cinemark by 5.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 122,899 shares of the company’s stock worth $4,915,000 after purchasing an additional 6,112 shares during the last quarter. DNB Asset Management AS purchased a new position in shares of Cinemark in the second quarter worth $25,830,000. WINTON GROUP Ltd purchased a new position in shares of Cinemark in the second quarter worth $613,000. Finally, Grassi Investment Management purchased a new position in shares of Cinemark in the second quarter worth $909,000. Institutional investors and hedge funds own 99.60% of the company’s stock.
Shares of CNK traded up $0.33 on Friday, reaching $36.31. The stock had a trading volume of 960,204 shares, compared to its average volume of 1,108,788. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.92 and a current ratio of 0.95. The company has a 50-day simple moving average of $37.09 and a 200-day simple moving average of $38.24. Cinemark has a 12-month low of $34.49 and a 12-month high of $43.51.
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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