Cinemark Holdings Inc. (CNK) Forecasted to Earn FY2016 Earnings of $2.04 Per Share
Cinemark Holdings Inc. (NYSE:CNK) – Investment analysts at FBR & Co reduced their FY2016 earnings per share estimates for shares of Cinemark Holdings in a research note issued on Wednesday. FBR & Co analyst B. Crockett now anticipates that the brokerage will post earnings per share of $2.04 for the year, down from their previous estimate of $2.06. FBR & Co also issued estimates for Cinemark Holdings’ FY2020 earnings at $3.16 EPS.
A number of other research analysts also recently commented on the stock. Benchmark Co. reaffirmed a “hold” rating and set a $35.94 price objective on shares of Cinemark Holdings in a research report on Wednesday. B. Riley reaffirmed a “buy” rating and set a $47.00 price objective on shares of Cinemark Holdings in a research report on Wednesday. Wedbush reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Cinemark Holdings in a research report on Tuesday. Goldman Sachs Group Inc. raised shares of Cinemark Holdings from a “neutral” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Monday, October 31st. Finally, Loop Capital reissued a “buy” rating and issued a $44.00 target price on shares of Cinemark Holdings in a research report on Tuesday, October 4th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $41.42.
Cinemark Holdings (NYSE:CNK) opened at 40.67 on Thursday. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 21.76 and a beta of 1.01. The firm’s 50-day moving average is $39.46 and its 200 day moving average is $37.31. Cinemark Holdings has a one year low of $26.56 and a one year high of $40.99.
Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.01. The company had revenue of $768.60 million for the quarter, compared to analyst estimates of $776.40 million. Cinemark Holdings had a return on equity of 20.75% and a net margin of 8.06%. Cinemark Holdings’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. acquired a new position in shares of Cinemark Holdings during the second quarter worth about $121,000. Bessemer Group Inc. boosted its position in shares of Cinemark Holdings by 99.9% in the second quarter. Bessemer Group Inc. now owns 3,346 shares of the company’s stock worth $122,000 after buying an additional 1,672 shares in the last quarter. Cantab Capital Partners LLP acquired a new position in shares of Cinemark Holdings during the second quarter worth about $161,000. Park National Corp OH acquired a new position in shares of Cinemark Holdings during the second quarter worth about $203,000. Finally, Advance Capital I Inc. acquired a new position in shares of Cinemark Holdings during the second quarter worth about $204,000. Hedge funds and other institutional investors own 88.40% of the company’s stock.
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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