FY2016 Earnings Forecast for Cinemark Holdings Inc. (CNK) Issued By Wedbush
Cinemark Holdings Inc. (NYSE:CNK) – Equities researchers at Wedbush raised their FY2016 earnings estimates for Cinemark Holdings in a report released on Tuesday. Wedbush analyst M. Pachter now expects that the brokerage will post earnings per share of $1.96 for the year, up from their previous forecast of $1.93. Wedbush has a “Neutral” rating and a $40.00 price objective on the stock. Wedbush also issued estimates for Cinemark Holdings’ Q1 2017 earnings at $0.51 EPS, Q3 2017 earnings at $0.63 EPS and FY2017 earnings at $2.26 EPS.
Cinemark Holdings (NYSE:CNK) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.57 by $0.01. Cinemark Holdings had a return on equity of 20.75% and a net margin of 8.06%. The business earned $768.60 million during the quarter, compared to analysts’ expectations of $776.40 million. During the same quarter last year, the business posted $0.40 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year.
Other equities research analysts have also recently issued reports about the company. B. Riley reaffirmed a “buy” rating and issued a $47.00 target price on shares of Cinemark Holdings in a report on Sunday, August 14th. MKM Partners lifted their target price on Cinemark Holdings from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, July 25th. Benchmark Co. reaffirmed a “hold” rating and issued a $35.94 target price on shares of Cinemark Holdings in a report on Wednesday. Loop Capital reaffirmed a “buy” rating and issued a $44.00 target price on shares of Cinemark Holdings in a report on Tuesday, October 4th. Finally, Credit Suisse Group AG set a $37.00 target price on Cinemark Holdings and gave the stock a “hold” rating in a report on Monday, August 1st. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company 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 stock has a 50 day moving average price of $39.46 and a 200 day moving average price of $37.31. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 21.76 and a beta of 1.01. Cinemark Holdings has a 12 month low of $26.56 and a 12 month high of $40.99.
Hedge funds have recently made changes to their positions in the stock. Opus Capital Group LLC raised its stake in shares of 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 last quarter. Smithfield Trust Co. raised 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 in the last quarter. BB&T Corp raised its stake in Cinemark Holdings by 0.3% in the third quarter. BB&T Corp now owns 33,642 shares of the company’s stock worth $1,288,000 after buying an additional 99 shares in the last quarter. Horan Capital Advisors LLC. raised its stake in Cinemark Holdings by 0.3% in the third quarter. Horan Capital Advisors LLC. now owns 52,647 shares of the company’s stock worth $2,015,000 after buying an additional 170 shares in the last quarter. Finally, Miles Capital Inc. raised 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 in the last quarter. 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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