Q1 2019 Earnings Forecast for Cinemark Holdings, Inc. Issued By B. Riley (CNK)

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Cinemark Holdings, Inc. (NYSE:CNK) – Analysts at B. Riley decreased their Q1 2019 earnings per share estimates for Cinemark in a research report issued on Thursday, May 2nd. B. Riley analyst E. Wold now expects that the company will earn $0.27 per share for the quarter, down from their prior forecast of $0.35. B. Riley also issued estimates for Cinemark’s Q3 2019 earnings at $0.46 EPS, Q1 2020 earnings at $0.33 EPS, Q2 2020 earnings at $0.92 EPS and Q3 2020 earnings at $0.51 EPS.

Cinemark (NYSE:CNK) last issued its earnings results on Friday, February 22nd. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.28). Cinemark had a net margin of 6.64% and a return on equity of 14.59%. The company had revenue of $798.48 million during the quarter, compared to analysts’ expectations of $767.97 million. During the same period last year, the business posted $0.82 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis.

A number of other research analysts have also recently issued reports on the stock. Wedbush set a $46.00 target price on shares of Cinemark and gave the company a “buy” rating in a report on Monday, April 22nd. ValuEngine cut shares of Cinemark from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Zacks Investment Research cut shares of Cinemark from a “buy” rating to a “hold” rating in a report on Tuesday, February 26th. Loop Capital began coverage on shares of Cinemark in a report on Thursday, January 31st. They issued a “hold” rating and a $41.00 target price for the company. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $47.00 target price (up from $46.00) on shares of Cinemark in a report on Monday, January 7th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $44.67.

Shares of Cinemark stock opened at $41.97 on Friday. Cinemark has a 12-month low of $33.36 and a 12-month high of $43.24. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.18 and a quick ratio of 1.14. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 1.22 and a beta of 0.79.

Several institutional investors and hedge funds have recently modified their holdings of the company. Texas Permanent School Fund increased its stake in shares of Cinemark by 4.0% during the 1st quarter. Texas Permanent School Fund now owns 72,322 shares of the company’s stock worth $2,892,000 after purchasing an additional 2,755 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Cinemark by 74.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 15,631 shares of the company’s stock worth $625,000 after purchasing an additional 6,665 shares in the last quarter. Andesa Financial Management Inc. increased its stake in shares of Cinemark by 126.3% during the 1st quarter. Andesa Financial Management Inc. now owns 20,272 shares of the company’s stock worth $810,000 after purchasing an additional 11,313 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Cinemark by 31.2% during the 1st quarter. Rhumbline Advisers now owns 355,198 shares of the company’s stock worth $14,204,000 after purchasing an additional 84,546 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its stake in shares of Cinemark by 21.7% during the 1st quarter. Eagle Asset Management Inc. now owns 3,185,009 shares of the company’s stock worth $127,368,000 after purchasing an additional 566,923 shares in the last quarter. 96.37% of the stock is owned by institutional investors and hedge funds.

Cinemark Company Profile

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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