Q3 2016 EPS Estimates for Carmike Cinemas Inc. Lifted by B. Riley (CKEC)
Carmike Cinemas Inc. (NASDAQ:CKEC) – Equities researchers at B. Riley boosted their Q3 2016 earnings per share estimates for Carmike Cinemas in a research report issued to clients and investors on Thursday. B. Riley analyst E. Wold now forecasts that the firm will earn $0.03 per share for the quarter, up from their prior estimate of ($0.02). B. Riley has a “Neutral” rating and a $32.75 price target on the stock. B. Riley also issued estimates for Carmike Cinemas’ FY2016 earnings at $0.22 EPS, FY2017 earnings at $0.83 EPS, Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.25 EPS and FY2018 earnings at $1.09 EPS.
Carmike Cinemas (NASDAQ:CKEC) last issued 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 firm had revenue of $204.70 million for the quarter, compared to analyst estimates of $209.35 million. Carmike Cinemas had a return on equity of 3.65% and a net margin of 0.15%. Carmike Cinemas’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 earnings per share.
Several other analysts have also recently commented on CKEC. Wedbush reiterated a “neutral” rating and issued a $30.00 target price on shares of Carmike Cinemas in a report on Friday, July 15th. Zacks Investment Research cut Carmike Cinemas from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 6th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $30.83.
Carmike Cinemas (NASDAQ:CKEC) opened at 33.00 on Monday. The company’s 50-day moving average is $32.38 and its 200-day moving average is $30.82. The firm has a market capitalization of $804.80 million, a P/E ratio of 660.00 and a beta of 1.39. Carmike Cinemas has a one year low of $18.52 and a one year high of $33.34.
Several institutional investors have recently modified their holdings of the company. Magnetar Financial LLC purchased a new position in shares of Carmike Cinemas during the first quarter worth about $34,479,000. Mittleman Brothers LLC boosted its position in shares of Carmike Cinemas by 33.0% in the second quarter. Mittleman Brothers LLC now owns 2,331,185 shares of the company’s stock worth $70,215,000 after buying an additional 578,275 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Carmike Cinemas by 360.2% in the first quarter. Renaissance Technologies LLC now owns 607,500 shares of the company’s stock worth $18,249,000 after buying an additional 475,500 shares in the last quarter. Carlson Capital L P purchased a new position in shares of Carmike Cinemas during the second quarter worth about $11,054,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Carmike Cinemas during the first quarter worth about $10,757,000. Institutional investors own 86.62% of the company’s stock.
About Carmike Cinemas
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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