$0.57 EPS Expected for Cinemark Holdings, Inc. (NYSE:CNK) This Quarter

Brokerages expect Cinemark Holdings, Inc. (NYSE:CNK) to post $0.57 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Cinemark’s earnings. The highest EPS estimate is $0.66 and the lowest is $0.50. Cinemark reported earnings per share of $0.43 in the same quarter last year, which suggests a positive year-over-year growth rate of 32.6%. The company is expected to issue its next quarterly earnings results on Friday, November 1st.

According to Zacks, analysts expect that Cinemark will report full-year earnings of $2.35 per share for the current financial year, with EPS estimates ranging from $2.27 to $2.41. For the next fiscal year, analysts expect that the business will report earnings of $2.45 per share, with EPS estimates ranging from $2.15 to $2.80. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Cinemark.

Cinemark (NYSE:CNK) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.06. The business had revenue of $957.76 million during the quarter, compared to the consensus estimate of $906.57 million. Cinemark had a return on equity of 13.75% and a net margin of 6.31%.

A number of brokerages have recently issued reports on CNK. Credit Suisse Group began coverage on Cinemark in a report on Friday, July 19th. They set an “outperform” rating and a $43.00 price objective for the company. ValuEngine upgraded Cinemark from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Morgan Stanley reduced their price objective on Cinemark from $41.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, July 23rd. Loop Capital upgraded Cinemark from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Wednesday, July 3rd. Finally, MKM Partners reduced their price objective on Cinemark to $43.00 and set a “buy” rating for the company in a report on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Cinemark currently has an average rating of “Buy” and an average price target of $44.00.

Shares of CNK stock traded up $0.74 during trading hours on Friday, hitting $37.87. The stock had a trading volume of 1,138,400 shares, compared to its average volume of 1,350,401. The firm has a market capitalization of $4.35 billion, a PE ratio of 20.69, a PEG ratio of 1.05 and a beta of 0.71. Cinemark has a twelve month low of $34.49 and a twelve month high of $43.51. The stock’s 50 day moving average is $38.13 and its 200 day moving average is $39.02. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.95 and a quick ratio of 0.92.

In related news, CFO Sean Gamble sold 5,669 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $41.50, for a total value of $235,263.50. Following the completion of the sale, the chief financial officer now directly owns 126,025 shares in the company, valued at $5,230,037.50. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 9.00% of the company’s stock.

Several hedge funds have recently modified their holdings of CNK. Norges Bank bought a new stake in shares of Cinemark in the fourth quarter valued at approximately $36,407,000. Clark Capital Management Group Inc. boosted its stake in shares of Cinemark by 162.8% in the first quarter. Clark Capital Management Group Inc. now owns 1,162,491 shares of the company’s stock valued at $46,488,000 after buying an additional 720,110 shares during the period. DNB Asset Management AS bought a new stake in shares of Cinemark in the second quarter valued at approximately $25,830,000. Eagle Asset Management Inc. boosted its stake in shares of Cinemark by 21.7% in the first quarter. Eagle Asset Management Inc. now owns 3,185,009 shares of the company’s stock valued at $127,368,000 after buying an additional 566,923 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Cinemark by 23.0% in the second quarter. Renaissance Technologies LLC now owns 2,932,900 shares of the company’s stock valued at $105,878,000 after buying an additional 548,900 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

About Cinemark

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of December 31, 2018, it operated 341 theatres and 4,586 screens in 41 states of the United States; and 205 theatres and 1,462 screens in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay.

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Earnings History and Estimates for Cinemark (NYSE:CNK)

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