Cinemark Holdings Inc. (NYSE:CNK) – Equities researchers at Barrington Research increased their Q3 2016 earnings estimates for Cinemark Holdings in a research report issued to clients and investors on Monday. Barrington Research analyst J. Goss now forecasts that the brokerage will post earnings of $0.50 per share for the quarter, up from their prior forecast of $0.45. Barrington Research also issued estimates for Cinemark Holdings’ Q4 2016 earnings at $0.43 EPS and FY2016 earnings at $1.90 EPS.

A number of other brokerages have also recently commented on CNK. MKM Partners raised their price objective on shares of Cinemark Holdings from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. Loop Capital reaffirmed a “buy” rating and set a $44.00 price objective on shares of Cinemark Holdings in a research note on Tuesday. Wedbush reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Cinemark Holdings in a research note on Thursday, September 22nd. Wunderlich raised their price objective on shares of Cinemark Holdings from $40.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Finally, B. Riley reaffirmed a “buy” rating and set a $47.00 price objective on shares of Cinemark Holdings in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $40.46.

Earnings History and Estimates for Cinemark Holdings (NYSE:CNK)

Shares of Cinemark Holdings (NYSE:CNK) opened at 38.88 on Wednesday. The stock has a market capitalization of $4.49 billion, a PE ratio of 20.80 and a beta of 1.01. The stock has a 50 day moving average of $38.37 and a 200 day moving average of $36.46. Cinemark Holdings has a 52-week low of $26.56 and a 52-week high of $39.45.

Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.05. The firm had revenue of $744.40 million for the quarter, compared to analysts’ expectations of $746.05 million. Cinemark Holdings had a net margin of 7.58% and a return on equity of 19.68%. The company’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.27 per share. The ex-dividend date was Monday, August 29th. This represents a $1.08 annualized dividend and a dividend yield of 2.78%. Cinemark Holdings’s dividend payout ratio is presently 58.06%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp raised its position in Cinemark Holdings by 1.9% in the first quarter. State Street Corp now owns 2,872,665 shares of the company’s stock valued at $102,927,000 after buying an additional 52,616 shares in the last quarter. Wellington Management Group LLP raised its position in Cinemark Holdings by 4.3% in the first quarter. Wellington Management Group LLP now owns 1,677,659 shares of the company’s stock valued at $60,111,000 after buying an additional 68,571 shares in the last quarter. Squarepoint Ops LLC raised its position in Cinemark Holdings by 231.2% in the first quarter. Squarepoint Ops LLC now owns 27,124 shares of the company’s stock valued at $972,000 after buying an additional 18,935 shares in the last quarter. Hamlin Capital Management LLC raised its position in Cinemark Holdings by 5.3% in the second quarter. Hamlin Capital Management LLC now owns 1,418,181 shares of the company’s stock valued at $51,707,000 after buying an additional 71,337 shares in the last quarter. Finally, Teachers Advisors Inc. raised its position in Cinemark Holdings by 0.4% in the first quarter. Teachers Advisors Inc. now owns 93,697 shares of the company’s stock valued at $3,357,000 after buying an additional 404 shares in the last quarter. Institutional investors and hedge funds own 88.53% of the company’s stock.

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.

5 Day Chart for NYSE:CNK

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