Carmike Cinemas Inc. (CKEC) Hits New 12-Month High at $32.15
Shares of Carmike Cinemas Inc. (NASDAQ:CKEC) reached a new 52-week high during trading on Friday . The stock traded as high as $32.15 and last traded at $32.13, with a volume of 38,702 shares changing hands. The stock had previously closed at $32.05.
Several analysts recently commented on the company. B. Riley restated a “neutral” rating and issued a $32.75 target price on shares of Carmike Cinemas in a research report on Tuesday, August 2nd. Wedbush restated a “neutral” rating and issued a $30.00 target price on shares of Carmike Cinemas in a research report on Friday, July 15th. Finally, Zacks Investment Research cut Carmike Cinemas from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 6th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Carmike Cinemas has an average rating of “Hold” and a consensus target price of $30.33.
The stock has a market cap of $782.61 million and a P/E ratio of 641.80. The stock’s 50-day moving average is $31.31 and its 200 day moving average is $29.57.
Carmike Cinemas (NASDAQ:CKEC) last released its quarterly earnings data on Monday, August 1st. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by $0.04. The business earned $204.70 million during the quarter, compared to the consensus estimate of $209.35 million. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 earnings per share. On average, equities analysts predict that Carmike Cinemas Inc. will post $0.31 earnings per share for the current year.
Carmike Cinemas, Inc is a motion picture exhibitor company. The Company owns and operates theatres and screens. Its theatres are equipped to provide digital cinema. It owns, operates or has an interest in approximately 280 theatres with over 2,940 screens located in over 40 states. In addition, it has approximately 260 theatres with over 1,090 screens equipped for three dimension (3-D).
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