Q4 2016 EPS Estimates for Carmike Cinemas Inc. (CKEC) Cut by Wedbush
Carmike Cinemas Inc. (NASDAQ:CKEC) – Stock analysts at Wedbush decreased their Q4 2016 earnings per share (EPS) estimates for shares of Carmike Cinemas in a note issued to investors on Tuesday. Wedbush analyst M. Pachter now anticipates that the firm will post earnings per share of $0.16 for the quarter, down from their prior estimate of $0.17. Wedbush has a “Neutral” rating and a $33.00 price objective on the stock.
Other research analysts have also recently issued reports about the company. B. Riley reiterated a “hold” rating and issued a $32.75 price target on shares of Carmike Cinemas in a research note on Tuesday, November 1st. Zacks Investment Research upgraded Carmike Cinemas from a “strong sell” rating to a “hold” rating in a research note on Monday, October 10th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $30.83.
Shares of Carmike Cinemas (NASDAQ:CKEC) opened at 33.60 on Wednesday. Carmike Cinemas has a one year low of $18.52 and a one year high of $33.90. The stock has a 50 day moving average price of $32.80 and a 200-day moving average price of $31.28. The company has a market capitalization of $819.44 million, a price-to-earnings ratio of 672.00 and a beta of 1.74.
Carmike Cinemas (NASDAQ:CKEC) last posted its earnings results on Monday, November 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.16. Carmike Cinemas had a return on equity of 6.73% and a net margin of 0.72%. The firm earned $209.70 million during the quarter, compared to analysts’ expectations of $205.63 million. During the same period in the previous year, the firm earned ($0.19) earnings per share. The company’s revenue was up 16.4% on a year-over-year basis.
A number of hedge funds have recently modified their holdings of the company. Teacher Retirement System of Texas increased its stake in shares of Carmike Cinemas by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,437 shares of the company’s stock worth $104,000 after buying an additional 423 shares during the last quarter. Barclays PLC increased its stake in shares of Carmike Cinemas by 75.1% in the second quarter. Barclays PLC now owns 3,502 shares of the company’s stock worth $106,000 after buying an additional 1,502 shares during the last quarter. BlackRock Inc. increased its stake in shares of Carmike Cinemas by 247.7% in the second quarter. BlackRock Inc. now owns 5,028 shares of the company’s stock worth $151,000 after buying an additional 3,582 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Carmike Cinemas during the second quarter worth $163,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Carmike Cinemas during the second quarter worth $211,000. Hedge funds and other institutional investors own 87.36% 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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