Cinemark Holdings Inc (NYSE:CNK) had its price target cut by Barrington Research from $49.00 to $46.00 in a research note released on Monday, August 7th, MarketBeat Ratings reports. They currently have an outperform rating on the stock. Barrington Research also issued estimates for Cinemark Holdings’ Q3 2017 earnings at $0.42 EPS, Q4 2017 earnings at $0.56 EPS, FY2017 earnings at $2.10 EPS, Q1 2018 earnings at $0.72 EPS, Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $2.35 EPS and FY2019 earnings at $2.65 EPS.
Other analysts have also recently issued research reports about the company. Goldman Sachs Group, Inc. (The) cut Cinemark Holdings from a conviction-buy rating to a buy rating and set a $49.00 target price on the stock. in a report on Monday, April 10th. B. Riley restated a buy rating and set a $53.50 target price on shares of Cinemark Holdings in a report on Wednesday, April 12th. Royal Bank Of Canada increased their target price on Cinemark Holdings from $45.00 to $47.00 and gave the stock a sector perform rating in a report on Monday, April 17th. MKM Partners restated a buy rating and set a $50.00 target price (up previously from $48.00) on shares of Cinemark Holdings in a report on Wednesday, April 26th. Finally, Moffett Nathanson cut Cinemark Holdings from a neutral rating to a sell rating and set a $33.00 target price on the stock. in a report on Monday, June 12th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $43.14.
Shares of Cinemark Holdings (CNK) traded down 3.06% during trading on Monday, hitting $34.52. 2,275,672 shares of the stock traded hands. Cinemark Holdings has a 52 week low of $34.32 and a 52 week high of $44.84. The firm’s 50-day moving average price is $37.82 and its 200-day moving average price is $40.98. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 14.75 and a beta of 1.03.
Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings results on Friday, August 4th. The company reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The firm had revenue of $751.20 million for the quarter, compared to analysts’ expectations of $751.72 million. During the same period in the prior year, the business posted $0.46 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that Cinemark Holdings will post $2.13 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Thursday, August 31st will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Tuesday, August 29th. Cinemark Holdings’s dividend payout ratio is 49.57%.
Institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. raised 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. Quantbot Technologies LP bought a new position in Cinemark Holdings during the second quarter valued at $146,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Cinemark Holdings by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the company’s stock valued at $147,000 after buying an additional 330 shares during the last quarter. Advisors Asset Management Inc. raised its position in Cinemark Holdings by 224.8% in the second quarter. Advisors Asset Management Inc. now owns 4,752 shares of the company’s stock valued at $185,000 after buying an additional 3,289 shares during the last quarter. Finally, Vident Investment Advisory LLC bought a new position in Cinemark Holdings during the first quarter valued at $200,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.
About Cinemark Holdings
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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