Zacks: Analysts Expect Cinemark Holdings, Inc. (CNK) to Post $0.86 EPS

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Brokerages forecast that Cinemark Holdings, Inc. (NYSE:CNK) will report earnings of $0.86 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Cinemark’s earnings. The highest EPS estimate is $0.93 and the lowest is $0.75. Cinemark posted earnings per share of $0.70 in the same quarter last year, which suggests a positive year over year growth rate of 22.9%. The business is expected to announce its next earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that Cinemark will report full year earnings of $2.34 per share for the current financial year, with EPS estimates ranging from $2.25 to $2.48. For the next year, analysts anticipate that the firm will post earnings of $2.49 per share, with EPS estimates ranging from $2.32 to $2.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Cinemark.

Cinemark (NYSE:CNK) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.04. Cinemark had a return on equity of 12.61% and a net margin of 5.85%. The company had revenue of $714.70 million for the quarter, compared to analysts’ expectations of $688.51 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year.

Several research firms have weighed in on CNK. Wedbush set a $46.00 price objective on shares of Cinemark and gave the stock a “buy” rating in a research 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. Finally, Loop Capital assumed coverage on shares of Cinemark in a report on Thursday, January 31st. They set a “hold” rating and a $41.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $44.67.

NYSE CNK traded up $0.51 on Friday, hitting $40.51. 12,989 shares of the stock were exchanged, compared to its average volume of 1,039,309. Cinemark has a 52-week low of $33.36 and a 52-week high of $43.51. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.80 and a current ratio of 0.83. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 1.15 and a beta of 0.79.

In other news, insider Valmir Fernandes sold 4,033 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $43.00, for a total transaction of $173,419.00. Following the transaction, the insider now directly owns 114,961 shares in the company, valued at approximately $4,943,323. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 9.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in CNK. Enlightenment Research LLC bought a new stake in Cinemark in the fourth quarter valued at about $36,000. Cresset Asset Management LLC lifted its stake in shares of Cinemark by 110.2% during the 1st quarter. Cresset Asset Management LLC now owns 906 shares of the company’s stock worth $36,000 after buying an additional 475 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Cinemark by 3,480.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,500,450 shares of the company’s stock worth $42,000 after buying an additional 1,458,538 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Cinemark by 766.1% during the 1st quarter. Quadrant Capital Group LLC now owns 1,429 shares of the company’s stock worth $55,000 after buying an additional 1,264 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Cinemark during the 1st quarter worth about $65,000. 96.19% 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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