FY2017 Earnings Estimate for Cinemark Holdings Inc (CNK) Issued By Wedbush
Cinemark Holdings Inc (NYSE:CNK) – Stock analysts at Wedbush lifted their FY2017 earnings per share (EPS) estimates for shares of Cinemark Holdings in a research note issued on Monday. Wedbush analyst M. Pachter now anticipates that the company will post earnings per share of $2.24 for the year, up from their prior forecast of $2.15. Wedbush currently has a “Buy” rating on the stock. Wedbush also issued estimates for Cinemark Holdings’ Q4 2017 earnings at $0.61 EPS, Q2 2018 earnings at $0.51 EPS, Q4 2018 earnings at $0.61 EPS and FY2018 earnings at $2.37 EPS.
Cinemark Holdings (NYSE:CNK) last issued its earnings results on Friday, August 4th. The company reported $0.44 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.44. The business had revenue of $751.20 million during the quarter, compared to analyst estimates of $751.72 million. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. Cinemark Holdings’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 EPS. ILLEGAL ACTIVITY WARNING: This story was first reported by Daily Political and is the property of of Daily Political. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.dailypolitical.com/2017/08/10/fy2017-earnings-estimate-for-cinemark-holdings-inc-cnk-issued-by-wedbush.html.
A number of other research analysts have also recently commented on the company. Royal Bank Of Canada restated a “hold” rating and set a $43.00 price target on shares of Cinemark Holdings in a research note on Wednesday. BidaskClub upgraded Cinemark Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday. B. Riley restated a “buyl” rating on shares of Cinemark Holdings in a research note on Monday. Barrington Research decreased their price target on Cinemark Holdings from $49.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, ValuEngine cut Cinemark Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Four analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $43.00.
Shares of Cinemark Holdings (CNK) opened at 37.89 on Thursday. Cinemark Holdings has a 12 month low of $36.95 and a 12 month high of $44.84. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 16.19 and a beta of 1.03. The firm’s 50-day moving average price is $38.34 and its 200-day moving average price is $41.26.
In other news, insider Valmir Fernandes sold 6,000 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $43.53, for a total value of $261,180.00. Following the sale, the insider now directly owns 85,505 shares in the company, valued at $3,722,032.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.20% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Cinemark Holdings by 13,956.8% in the first quarter. BlackRock Inc. now owns 11,065,807 shares of the company’s stock valued at $490,657,000 after buying an additional 10,987,085 shares during the period. FMR LLC raised its position in Cinemark Holdings by 83.9% in the first quarter. FMR LLC now owns 9,942,173 shares of the company’s stock valued at $440,836,000 after buying an additional 4,534,853 shares during the period. Vanguard Group Inc. raised its position in Cinemark Holdings by 8.6% in the first quarter. Vanguard Group Inc. now owns 9,003,092 shares of the company’s stock valued at $399,198,000 after buying an additional 714,887 shares during the period. JPMorgan Chase & Co. raised its position in Cinemark Holdings by 2.7% in the second quarter. JPMorgan Chase & Co. now owns 6,095,192 shares of the company’s stock valued at $236,798,000 after buying an additional 160,113 shares during the period. Finally, Jennison Associates LLC raised its position in Cinemark Holdings by 32.9% in the second quarter. Jennison Associates LLC now owns 3,988,676 shares of the company’s stock valued at $154,960,000 after buying an additional 988,361 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.
About Cinemark Holdings
Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.
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