Q3 2017 EPS Estimates for Cinemark Holdings Inc. Lifted by Barrington Research (CNK)
Cinemark Holdings Inc. (NYSE:CNK) – Equities research analysts at Barrington Research lifted their Q3 2017 EPS estimates for shares of Cinemark Holdings in a report issued on Monday. Barrington Research analyst J. Goss now expects that the firm will post earnings per share of $0.58 for the quarter, up from their prior forecast of $0.55. Barrington Research also issued estimates for Cinemark Holdings’ Q4 2017 earnings at $0.54 EPS, FY2017 earnings at $2.25 EPS and FY2018 earnings at $2.50 EPS.
A number of other analysts also recently weighed in on CNK. B. Riley upgraded Cinemark Holdings from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $41.75 to $47.00 in a research report on Thursday, August 4th. MKM Partners boosted their target price on Cinemark Holdings from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, July 25th. Wunderlich boosted their target price on Cinemark Holdings from $40.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Wedbush reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Cinemark Holdings in a research note on Friday, July 15th. Finally, Drexel Hamilton cut Cinemark Holdings from a “buy” rating to a “hold” rating and set a $42.00 price target on the stock. in a research note on Wednesday, August 10th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $41.04.
Shares of Cinemark Holdings (NYSE:CNK) traded up 0.45% during trading on Tuesday, hitting $40.00. The company had a trading volume of 314,330 shares. Cinemark Holdings has a 1-year low of $26.56 and a 1-year high of $40.29. The firm has a market capitalization of $4.62 billion, a P/E ratio of 21.40 and a beta of 1.01. The company’s 50 day moving average is $38.72 and its 200 day moving average is $36.67.
Cinemark Holdings (NYSE:CNK) last issued its earnings results on Tuesday, August 9th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by $0.05. Cinemark Holdings had a return on equity of 19.68% and a net margin of 7.58%. The firm earned $744.40 million during the quarter, compared to the consensus estimate of $746.05 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. Cinemark Holdings’s revenue for the quarter was down 6.9% on a year-over-year basis.
A number of large investors have recently modified their holdings of CNK. Advisor Group Inc. purchased a new stake in shares of Cinemark Holdings during the second quarter valued at $121,000. Bessemer Group Inc. increased its stake in Cinemark Holdings by 99.9% in the second quarter. Bessemer Group Inc. now owns 3,346 shares of the company’s stock valued at $122,000 after buying an additional 1,672 shares during the period. Cantab Capital Partners LLP bought a new stake in Cinemark Holdings during the second quarter valued at approximately $161,000. Park National Corp OH bought a new stake in Cinemark Holdings during the second quarter valued at approximately $203,000. Finally, Advance Capital I Inc. bought a new stake in Cinemark Holdings during the second quarter valued at approximately $204,000. 88.49% of the stock is currently owned by institutional investors.
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.
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