Cinemark (CNK) Announces Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Cinemark (NYSE:CNK) posted its earnings results on Wednesday, August 8th. The company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.05), MarketWatch Earnings reports. Cinemark had a net margin of 8.86% and a return on equity of 19.49%. The business had revenue of $889.05 million during the quarter, compared to analysts’ expectations of $897.68 million. During the same quarter in the prior year, the firm earned $0.44 EPS. Cinemark’s revenue for the quarter was up 18.4% compared to the same quarter last year.

Shares of CNK stock traded down $0.47 on Friday, hitting $37.32. The stock had a trading volume of 1,222,100 shares, compared to its average volume of 1,204,490. The company has a current ratio of 1.43, a quick ratio of 1.39 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $4.47 billion, a PE ratio of 16.42, a P/E/G ratio of 1.28 and a beta of 0.93. Cinemark has a 1 year low of $32.03 and a 1 year high of $44.00.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th will be issued a $0.32 dividend. The ex-dividend date is Friday, August 31st. This represents a $1.28 annualized dividend and a dividend yield of 3.43%. Cinemark’s dividend payout ratio is presently 56.64%.

A number of equities research analysts have commented on CNK shares. Morgan Stanley lifted their target price on Cinemark from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 9th. Imperial Capital started coverage on Cinemark in a research report on Wednesday, July 11th. They issued an “outperform” rating and a $46.00 target price on the stock. ValuEngine downgraded Cinemark from a “hold” rating to a “sell” rating in a research report on Friday, July 20th. Zacks Investment Research upgraded Cinemark from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Wednesday, July 11th. Finally, B. Riley restated a “buy” rating on shares of Cinemark in a research report on Monday, August 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Cinemark has a consensus rating of “Hold” and an average target price of $41.59.

About Cinemark

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. It operates theatres in the United States, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay. As of June 30, 2018, the company operated 539 theatres and 5,998 screens.

Further Reading: Return on Investment (ROI)

Earnings History for Cinemark (NYSE:CNK)

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