Cinemark Holdings Inc. (NYSE:CNK) – Investment analysts at Barrington Research increased their Q3 2017 earnings per share estimates for Cinemark Holdings in a research note issued on Monday. Barrington Research analyst J. Goss now anticipates that the firm will post earnings per share of $0.58 for the quarter, up from their previous estimate of $0.55. Barrington Research also issued estimates for Cinemark Holdings’ Q4 2017 earnings at $0.54 EPS, FY2017 earnings at $2.25 EPS and FY2018 earnings at $2.50 EPS.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.51 by $0.05. Cinemark Holdings had a net margin of 7.58% and a return on equity of 19.68%. The company had revenue of $744.40 million for the quarter, compared to analysts’ expectations of $746.05 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The company’s revenue was down 6.9% on a year-over-year basis.
CNK has been the topic of several other reports. Drexel Hamilton cut shares of Cinemark Holdings from a “buy” rating to a “hold” rating and set a $42.00 price target on the stock. in a research note on Wednesday, August 10th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Cinemark Holdings in a research note on Sunday, July 10th. Wedbush reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Cinemark Holdings in a research note on Thursday, September 22nd. Wunderlich raised their price objective on shares of Cinemark Holdings from $40.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Finally, Credit Suisse Group AG set a $37.00 price objective on shares of Cinemark Holdings and gave the company a “hold” rating in a research note on Monday, August 1st. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $41.04.
Cinemark Holdings (NYSE:CNK) traded down 0.28% during trading on Tuesday, hitting $39.79. 12,134 shares of the stock traded hands. The company’s 50 day moving average is $38.77 and its 200 day moving average is $36.71. Cinemark Holdings has a one year low of $26.56 and a one year high of $40.29. The company has a market capitalization of $4.60 billion, a P/E ratio of 21.29 and a beta of 1.01.
Several large investors have recently modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of Cinemark Holdings by 99.9% in the second quarter. Bessemer Group Inc. now owns 3,346 shares of the company’s stock worth $122,000 after buying an additional 1,672 shares during the last quarter. Advisor Group Inc. acquired a new position in Cinemark Holdings during the second quarter worth $121,000. Cantab Capital Partners LLP acquired a new position in Cinemark Holdings during the second quarter worth $161,000. Park National Corp OH acquired a new position in Cinemark Holdings during the second quarter worth $203,000. Finally, Advance Capital I Inc. acquired a new position in Cinemark Holdings during the second quarter worth $204,000. Institutional investors and hedge funds own 88.49% of the company’s stock.
About Cinemark Holdings
Cinemark Holdings, Inc (Cinemark) is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Curacao and Bolivia. The Company manages its business in two segments: United States markets and international markets.
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