Cinemark Holdings, Inc. (NYSE:CNK) - Wedbush raised their FY2017 EPS estimates for Cinemark Holdings in a report issued on Monday. Wedbush analyst M. Pachter now anticipates that the company will post earnings per share of $2.24 for the year, up from their prior forecast of $2.15. Wedbush has a “Buy” rating on the stock. Wedbush also issued estimates for Cinemark Holdings’ Q4 2017 earnings at $0.61 EPS, Q2 2018 earnings at $0.51 EPS, Q4 2018 earnings at $0.61 EPS and FY2018 earnings at $2.37 EPS.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.44 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.44. The company had revenue of $751.20 million for the quarter, compared to the consensus estimate of $751.72 million. Cinemark Holdings had a net margin of 6.90% and a return on equity of 15.46%. Cinemark Holdings’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 earnings per share.
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A number of other research analysts also recently commented on CNK. Royal Bank Of Canada boosted their price objective on shares of Cinemark Holdings from $45.00 to $47.00 and gave the company a “sector perform” rating in a research report on Monday, April 17th. B. Riley reaffirmed a “buy” rating and set a $53.50 price objective on shares of Cinemark Holdings in a research report on Tuesday, April 18th. MKM Partners reaffirmed a “buy” rating and set a $50.00 price objective (up from $48.00) on shares of Cinemark Holdings in a research report on Wednesday, April 26th. Moffett Nathanson downgraded shares of Cinemark Holdings from a “neutral” rating to a “sell” rating and set a $33.00 price objective on the stock. in a research report on Monday, June 12th. Finally, Credit Suisse Group downgraded shares of Cinemark Holdings from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $38.00 to $34.00 in a research report on Thursday, June 22nd. Four analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Cinemark Holdings has an average rating of “Hold” and a consensus target price of $43.14.
Cinemark Holdings (NYSE:CNK) opened at 36.95 on Thursday. Cinemark Holdings has a 1-year low of $36.60 and a 1-year high of $44.84. The firm’s 50-day moving average is $38.23 and its 200-day moving average is $41.20. The stock has a market cap of $4.28 billion, a P/E ratio of 15.79 and a beta of 1.03.
A number of institutional investors have recently added to or reduced their stakes in CNK. BB&T Corp boosted its position in Cinemark Holdings by 0.3% in the second quarter. BB&T Corp now owns 23,182 shares of the company’s stock valued at $900,000 after buying an additional 70 shares during the last quarter. Advisor Group Inc. boosted its position in Cinemark Holdings by 2.3% in the second quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock valued at $145,000 after buying an additional 84 shares during the last quarter. Smithfield Trust Co. boosted its position in Cinemark Holdings by 1.5% in the second quarter. Smithfield Trust Co. now owns 5,730 shares of the company’s stock valued at $223,000 after buying an additional 87 shares during the last quarter. Atria Investments LLC boosted its position in Cinemark Holdings by 1.6% in the second quarter. Atria Investments LLC now owns 6,045 shares of the company’s stock valued at $235,000 after buying an additional 96 shares during the last quarter. Finally, Utah Retirement Systems boosted its position in Cinemark Holdings by 0.5% in the second quarter. Utah Retirement Systems now owns 19,400 shares of the company’s stock valued at $754,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Thursday, August 31st will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Tuesday, August 29th. Cinemark Holdings’s payout ratio is currently 49.57%.
Cinemark Holdings 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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