Cinemark Holdings Inc. (CNK) to Post Q2 2017 Earnings of $0.59 Per Share, Barrington Research Forecasts
Cinemark Holdings Inc. (NYSE:CNK) – Equities research analysts at Barrington Research lifted their Q2 2017 earnings per share estimates for Cinemark Holdings in a research note issued to investors on Monday. Barrington Research analyst J. Goss now forecasts that the firm will post earnings of $0.59 per share for the quarter, up from their previous estimate of $0.56.
Cinemark Holdings (NYSE:CNK) last released its earnings results on Tuesday, August 9th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.05. Cinemark Holdings had a return on equity of 19.68% and a net margin of 7.58%. The business 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 business posted $0.61 EPS. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year.
A number of other analysts have also recently weighed in on CNK. B. Riley raised Cinemark Holdings from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $41.75 to $47.00 in a research report on Thursday, August 4th. MKM Partners lifted their price target on Cinemark Holdings from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, July 25th. Wunderlich lifted their price target on Cinemark Holdings from $40.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Wedbush reaffirmed a “neutral” rating and set a $40.00 price target on shares of Cinemark Holdings in a research report on Friday, July 15th. Finally, Drexel Hamilton cut Cinemark Holdings from a “buy” rating to a “hold” rating and set a $42.00 price target for the company. in a research report on Wednesday, August 10th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Cinemark Holdings has a consensus rating of “Buy” and a consensus price target of $41.04.
Shares of Cinemark Holdings (NYSE:CNK) traded up 0.48% during trading on Wednesday, reaching $40.09. The company had a trading volume of 207,204 shares. The stock’s 50-day moving average price is $38.77 and its 200-day moving average price is $36.71. The company has a market capitalization of $4.63 billion, a PE ratio of 21.45 and a beta of 1.01. Cinemark Holdings has a 52 week low of $26.56 and a 52 week high of $40.29.
A number of large investors have recently bought and sold shares of the company. 1832 Asset Management L.P. raised its stake in Cinemark Holdings by 377.4% in the first quarter. 1832 Asset Management L.P. now owns 1,068,794 shares of the company’s stock valued at $63,160,000 after buying an additional 844,925 shares during the period. Citadel Advisors LLC raised its stake in Cinemark Holdings by 146.0% in the second quarter. Citadel Advisors LLC now owns 738,168 shares of the company’s stock valued at $26,914,000 after buying an additional 438,044 shares during the period. Bank of Montreal Can purchased a new stake in Cinemark Holdings during the second quarter valued at approximately $15,926,000. Vanguard Group Inc. raised its stake in Cinemark Holdings by 4.8% in the second quarter. Vanguard Group Inc. now owns 7,699,930 shares of the company’s stock valued at $280,740,000 after buying an additional 352,241 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in Cinemark Holdings by 40.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 1,103,558 shares of the company’s stock valued at $40,236,000 after buying an additional 317,370 shares during the period. Institutional investors own 88.49% of the company’s stock.
Cinemark Holdings Company Profile
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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