Q4 2016 Earnings Forecast for Cinemark Holdings Inc. (CNK) Issued By FBR & Co
Cinemark Holdings Inc. (NYSE:CNK) – FBR & Co upped their Q4 2016 earnings per share (EPS) estimates for shares of Cinemark Holdings in a research note issued on Wednesday. FBR & Co analyst B. Crockett now anticipates that the brokerage will earn $0.50 per share for the quarter, up from their prior estimate of $0.46. FBR & Co also issued estimates for Cinemark Holdings’ FY2017 earnings at $2.41 EPS, FY2018 earnings at $2.63 EPS and FY2019 earnings at $2.88 EPS.
Several other equities research analysts also recently weighed in on CNK. B. Riley reissued a “buy” rating and issued a $47.00 target price on shares of Cinemark Holdings in a research report on Wednesday. Wunderlich boosted their target price on shares of Cinemark Holdings from $40.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. MKM Partners boosted their target price on shares of Cinemark Holdings from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, July 25th. Wedbush reissued a “neutral” rating and issued a $40.00 target price on shares of Cinemark Holdings in a research report on Tuesday, November 8th. Finally, Drexel Hamilton downgraded shares of Cinemark Holdings from a “buy” rating to a “hold” rating and set a $42.00 target price for the company. in a research report on Wednesday, August 10th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Cinemark Holdings currently has an average rating of “Buy” and a consensus price target of $41.42.
Shares of Cinemark Holdings (NYSE:CNK) opened at 40.67 on Friday. The firm has a market cap of $4.70 billion, a P/E ratio of 21.76 and a beta of 1.01. The company has a 50-day moving average of $39.46 and a 200-day moving average of $37.31. Cinemark Holdings has a 12 month low of $26.56 and a 12 month high of $40.99.
Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.01. The firm earned $768.60 million during the quarter, compared to analyst estimates of $776.40 million. Cinemark Holdings had a net margin of 8.06% and a return on equity of 20.75%. Cinemark Holdings’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS.
Several hedge funds have recently modified their holdings of the company. Advisor Group Inc. bought a new stake in shares of Cinemark Holdings during the second quarter worth $121,000. Bessemer Group Inc. raised its stake 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 bought a new stake in shares of Cinemark Holdings during the second quarter worth $161,000. Park National Corp OH bought a new stake in shares of Cinemark Holdings during the second quarter worth $203,000. Finally, Advance Capital I Inc. bought a new stake in shares of Cinemark Holdings during the second quarter worth $204,000. 88.40% of the stock is 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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