Wall Street brokerages predict that Cinemark Holdings, Inc. (NYSE:CNK) will post $0.47 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Cinemark’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.51. Cinemark reported earnings of $0.64 per share in the same quarter last year, which would indicate a negative year over year growth rate of 26.6%. The company is expected to announce its next earnings results before the market opens on Friday, February 23rd.
According to Zacks, analysts expect that Cinemark will report full year earnings of $1.92 per share for the current financial year, with EPS estimates ranging from $1.89 to $1.95. For the next year, analysts expect that the company will report earnings of $2.41 per share, with EPS estimates ranging from $2.25 to $2.61. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Cinemark.
Several equities analysts have recently issued reports on CNK shares. B. Riley reiterated a “buy” rating and set a $47.00 price target on shares of Cinemark in a research report on Tuesday, December 5th. Wedbush set a $38.00 price target on Cinemark and gave the company a “buy” rating in a research report on Monday, January 8th. Zacks Investment Research upgraded Cinemark from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Morgan Stanley lifted their price target on Cinemark from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Finally, MKM Partners lowered their price target on Cinemark to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $41.61.
Hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of Cinemark during the third quarter valued at $454,000. Jupiter Asset Management Ltd. grew its holdings in shares of Cinemark by 11.1% during the third quarter. Jupiter Asset Management Ltd. now owns 299,841 shares of the company’s stock valued at $10,857,000 after buying an additional 30,000 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Cinemark by 34.2% during the third quarter. Aperio Group LLC now owns 42,818 shares of the company’s stock valued at $1,550,000 after buying an additional 10,905 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Cinemark during the fourth quarter valued at $1,522,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of Cinemark by 107.3% during the third quarter. Advisors Asset Management Inc. now owns 9,852 shares of the company’s stock valued at $357,000 after buying an additional 5,100 shares in the last quarter. Institutional investors and hedge funds own 94.43% of the company’s stock.
Shares of Cinemark (NYSE CNK) traded down $0.30 during mid-day trading on Friday, hitting $39.03. The stock had a trading volume of 985,661 shares, compared to its average volume of 1,487,190. Cinemark has a one year low of $32.03 and a one year high of $44.84. The firm has a market cap of $4,580.64, a PE ratio of 18.50, a PEG ratio of 1.09 and a beta of 1.15. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 1.50.
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Cinemark Company Profile
Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.
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