Cinemark Holdings Inc. (CNK) Expected to Earn FY2016 Earnings of $2.06 Per Share
Cinemark Holdings Inc. (NYSE:CNK) – Analysts at FBR & Co dropped their FY2016 earnings estimates for Cinemark Holdings in a research report issued on Monday. FBR & Co analyst B. Crockett now anticipates that the brokerage will post earnings per share of $2.06 for the year, down from their previous estimate of $2.18. FBR & Co also issued estimates for Cinemark Holdings’ FY2017 earnings at $2.36 EPS, FY2018 earnings at $2.60 EPS, FY2019 earnings at $2.87 EPS and FY2020 earnings at $3.18 EPS.
CNK has been the topic of several other research reports. Drexel Hamilton lowered shares of Cinemark Holdings from a “buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a research report on Wednesday, August 10th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Cinemark Holdings in a research report on Sunday, July 10th. Wedbush reiterated a “neutral” rating and issued a $40.00 target price on shares of Cinemark Holdings in a research report on Thursday, September 22nd. Wunderlich lifted their target price on shares of Cinemark Holdings from $40.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, August 12th. Finally, Credit Suisse Group AG set a $37.00 price target on shares of Cinemark Holdings and gave the stock a “hold” rating in a research note on Monday, August 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.46.
Shares of Cinemark Holdings (NYSE:CNK) traded down 0.53% during trading on Tuesday, reaching $39.28. 71,143 shares of the company’s stock were exchanged. The stock has a market cap of $4.54 billion, a P/E ratio of 21.02 and a beta of 1.01. Cinemark Holdings has a 12-month low of $26.56 and a 12-month high of $40.19. The company has a 50 day moving average of $38.60 and a 200 day moving average of $36.59.
Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.51 by $0.05. The firm had revenue of $744.40 million for the quarter, compared to the consensus estimate of $746.05 million. Cinemark Holdings had a net margin of 7.58% and a return on equity of 19.68%. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Wednesday, August 31st were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Monday, August 29th. Cinemark Holdings’s dividend payout ratio (DPR) is 58.06%.
Several large investors have recently added to or reduced their stakes in CNK. Opus Capital Group LLC increased its stake in Cinemark Holdings by 1.2% in the second quarter. Opus Capital Group LLC now owns 5,697 shares of the company’s stock worth $207,000 after buying an additional 68 shares during the period. Smithfield Trust Co. increased its stake in Cinemark Holdings by 1.4% in the second quarter. Smithfield Trust Co. now owns 6,666 shares of the company’s stock worth $243,000 after buying an additional 93 shares during the period. Miles Capital Inc. increased its stake in Cinemark Holdings by 1.5% in the second quarter. Miles Capital Inc. now owns 11,936 shares of the company’s stock worth $435,000 after buying an additional 173 shares during the period. Raymond James Trust N.A. increased its stake in Cinemark Holdings by 1.5% in the third quarter. Raymond James Trust N.A. now owns 18,031 shares of the company’s stock worth $691,000 after buying an additional 259 shares during the period. Finally, Capstone Asset Management Co. increased its stake in Cinemark Holdings by 2.8% in the second quarter. Capstone Asset Management Co. now owns 9,862 shares of the company’s stock worth $360,000 after buying an additional 270 shares during the period. 88.53% of the stock is currently owned by institutional investors and hedge funds.
Cinemark Holdings Company Profile
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.
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