Cinemark Holdings, Inc. (NYSE:CNK) – Analysts at Wedbush increased their Q3 2016 earnings per share estimates for shares of Cinemark Holdings in a report released on Wednesday. Wedbush analyst M. Pachter now anticipates that the firm will earn $0.54 per share for the quarter, up from their previous estimate of $0.52. Wedbush currently has a “Neutral” rating and a $40.00 price target on the stock.
Other research analysts also recently issued research reports about the stock. B. Riley restated a “buy” rating and set a $47.00 price objective on shares of Cinemark Holdings in a research report on Sunday, August 14th. Credit Suisse Group AG restated a “neutral” rating and set a $33.00 price objective on shares of Cinemark Holdings in a research report on Sunday, June 12th. MKM Partners increased their price objective on shares of Cinemark Holdings from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, July 25th. Drexel Hamilton restated a “buy” rating on shares of Cinemark Holdings in a research report on Thursday, July 7th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Cinemark Holdings in a research report on Friday, June 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Cinemark Holdings presently has a consensus rating of “Hold” and a consensus price target of $40.46.
Shares of Cinemark Holdings (NYSE:CNK) opened at 38.54 on Thursday. The company has a market capitalization of $4.46 billion, a P/E ratio of 20.62 and a beta of 1.04. The stock’s 50 day moving average is $38.24 and its 200-day moving average is $36.24. Cinemark Holdings has a 12-month low of $26.56 and a 12-month high of $39.45.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by $0.05. Cinemark Holdings had a return on equity of 19.68% and a net margin of 7.58%. The company had revenue of $744.40 million for the quarter, compared to the consensus estimate of $746.05 million. During the same period in the prior year, the firm posted $0.61 earnings per share. The business’s revenue was down 6.9% on a year-over-year basis.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Wednesday, August 31st were paid a dividend of $0.27 per share. The ex-dividend date was Monday, August 29th. This represents a $1.08 annualized dividend and a yield of 2.80%. Cinemark Holdings’s payout ratio is 58.06%.
A number of institutional investors have recently bought and sold shares of CNK. Raymond James Trust N.A. boosted its position in Cinemark Holdings by 44.4% in the first quarter. Raymond James Trust N.A. now owns 15,701 shares of the company’s stock valued at $562,000 after buying an additional 4,825 shares during the last quarter. Glenmede Trust Co. NA boosted its position in Cinemark Holdings by 4.4% in the first quarter. Glenmede Trust Co. NA now owns 1,016,856 shares of the company’s stock valued at $36,433,000 after buying an additional 43,131 shares during the last quarter. Sanders Morris Harris Inc. acquired a new position in shares of Cinemark Holdings during the first quarter worth approximately $3,719,000. Commonwealth Equity Services Inc boosted its position in shares of Cinemark Holdings by 24.5% in the first quarter. Commonwealth Equity Services Inc now owns 14,791 shares of the company’s stock worth $530,000 after buying an additional 2,910 shares during the last quarter. Finally, Aperio Group LLC boosted its position in shares of Cinemark Holdings by 32.8% in the first quarter. Aperio Group LLC now owns 24,099 shares of the company’s stock worth $863,000 after buying an additional 5,955 shares during the last quarter. 88.52% of the stock is owned by institutional investors.
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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