Barrington Research Comments on Carmike Cinemas Inc.’s Q3 2016 Earnings (CKEC)
Carmike Cinemas Inc. (NASDAQ:CKEC) – Stock analysts at Barrington Research upped their Q3 2016 earnings per share (EPS) estimates for shares of Carmike Cinemas in a report released on Monday. Barrington Research analyst J. Goss now anticipates that the firm will post earnings of $0.13 per share for the quarter, up from their previous estimate of $0.02. Barrington Research also issued estimates for Carmike Cinemas’ Q4 2016 earnings at $0.11 EPS and FY2017 earnings at $0.65 EPS.
A number of other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Carmike Cinemas from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 6th. Wedbush reaffirmed a “neutral” rating and issued a $33.00 target price on shares of Carmike Cinemas in a research report on Thursday, September 22nd. Finally, B. Riley set a $32.75 target price on shares of Carmike Cinemas and gave the company a “hold” rating in a research report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $30.83.
Shares of Carmike Cinemas (NASDAQ:CKEC) opened at 33.26 on Thursday. Carmike Cinemas has a 1-year low of $18.52 and a 1-year high of $33.31. The company has a 50-day moving average of $32.35 and a 200-day moving average of $30.80. The company has a market cap of $811.14 million, a PE ratio of 665.20 and a beta of 1.39.
Carmike Cinemas (NASDAQ:CKEC) last posted its earnings results on Monday, August 1st. The company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.04. The business earned $204.70 million during the quarter, compared to the consensus estimate of $209.35 million. Carmike Cinemas had a net margin of 0.15% and a return on equity of 3.65%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 EPS.
Several hedge funds have recently bought and sold shares of CKEC. Societe Generale bought a new stake in Carmike Cinemas during the second quarter worth about $2,738,000. Bank of New York Mellon Corp boosted its stake in Carmike Cinemas by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 102,976 shares of the company’s stock worth $3,101,000 after buying an additional 5,174 shares in the last quarter. Sanders Morris Harris Inc. bought a new stake in Carmike Cinemas during the second quarter worth about $1,551,000. Capital Investment Advisors LLC boosted its stake in Carmike Cinemas by 7.4% in the second quarter. Capital Investment Advisors LLC now owns 28,809 shares of the company’s stock worth $868,000 after buying an additional 1,985 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in Carmike Cinemas during the first quarter worth about $34,479,000. Institutional investors own 86.62% of the company’s stock.
Carmike Cinemas Company Profile
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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