Cinemark Holdings, Inc. (CNK) Expected to Post Earnings of $0.47 Per Share
Equities research analysts expect Cinemark Holdings, Inc. (NYSE:CNK) to report $0.47 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for Cinemark’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.43. Cinemark reported earnings per share of $0.64 during the same quarter last year, which suggests a negative year over year growth rate of 26.6%. The business is scheduled to issue its next quarterly earnings results before the market opens on Friday, February 23rd.
According to Zacks, analysts expect that Cinemark will report full year earnings of $1.92 per share for the current financial year, with EPS estimates ranging from $1.89 to $1.95. For the next year, analysts expect that the company will post earnings of $2.41 per share, with EPS estimates ranging from $2.25 to $2.61. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Cinemark.
Several research firms recently commented on CNK. Wedbush reaffirmed an “outperform” rating and set a $38.00 target price (down previously from $40.00) on shares of Cinemark in a research note on Tuesday. Zacks Investment Research raised Cinemark from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Thursday, February 1st. Morgan Stanley raised their target price on Cinemark from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. MKM Partners decreased their target price on Cinemark to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. Finally, B. Riley reaffirmed a “buy” rating and set a $42.50 target price (down previously from $47.00) on shares of Cinemark in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $41.61.
Large investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in shares of Cinemark in the third quarter valued at $454,000. Jupiter Asset Management Ltd. raised its stake in Cinemark by 11.1% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 299,841 shares of the company’s stock worth $10,857,000 after acquiring an additional 30,000 shares in the last quarter. Aperio Group LLC raised its stake in Cinemark by 34.2% during the 3rd quarter. Aperio Group LLC now owns 42,818 shares of the company’s stock worth $1,550,000 after acquiring an additional 10,905 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Cinemark during the 4th quarter worth $1,522,000. Finally, Advisors Asset Management Inc. raised its stake in Cinemark by 107.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 9,852 shares of the company’s stock worth $357,000 after acquiring an additional 5,100 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors.
Cinemark (CNK) traded up $0.85 during midday trading on Friday, reaching $39.88. The company had a trading volume of 244,784 shares, compared to its average volume of 1,343,996. Cinemark has a fifty-two week low of $32.03 and a fifty-two week high of $44.84. The firm has a market capitalization of $4,545.70, a PE ratio of 18.50, a P/E/G ratio of 1.08 and a beta of 1.15. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 1.50.
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Cinemark Company Profile
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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