Cinemark Holdings Inc (NYSE:CNK)‘s stock had its “buy” rating reissued by equities research analysts at Wedbush in a research note issued on Monday, August 7th. Wedbush also issued estimates for Cinemark Holdings’ Q3 2017 earnings at $0.50 EPS, Q4 2017 earnings at $0.61 EPS, FY2017 earnings at $2.24 EPS, Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.61 EPS and FY2018 earnings at $2.37 EPS.
Several other brokerages have also recently issued reports on CNK. MKM Partners reaffirmed a “buy” rating and set a $50.00 price objective (up from $48.00) on shares of Cinemark Holdings in a report on Wednesday, April 26th. B. Riley reissued a “buy” rating and set a $53.50 target price on shares of Cinemark Holdings in a research report on Thursday, April 27th. Goldman Sachs Group, Inc. (The) downgraded Cinemark Holdings from a “conviction-buy” rating to a “buy” rating and set a $49.00 target price on the stock. in a research report on Monday, April 10th. Royal Bank Of Canada boosted their target price on Cinemark Holdings from $45.00 to $47.00 and gave the company a “sector perform” rating in a research report on Monday, April 17th. Finally, Credit Suisse Group downgraded Cinemark Holdings from a “neutral” rating to an “underperform” rating and cut their target price for the company from $38.00 to $34.00 in a research report on Thursday, June 22nd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.14.
Shares of Cinemark Holdings (CNK) traded down 3.06% on Monday, reaching $34.52. 2,275,672 shares of the company’s stock were exchanged. Cinemark Holdings has a one year low of $34.32 and a one year high of $44.84. The firm has a market cap of $4.00 billion, a PE ratio of 14.75 and a beta of 1.03. The company has a 50 day moving average price of $37.82 and a 200 day moving average price of $40.98.
Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. The business had revenue of $751.20 million for the quarter, compared to analysts’ expectations of $751.72 million. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. Analysts expect that Cinemark Holdings will post $2.13 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the stock. BB&T Corp increased its position in shares of Cinemark Holdings by 0.3% in the second quarter. BB&T Corp now owns 23,182 shares of the company’s stock valued at $900,000 after buying an additional 70 shares during the period. Advisor Group Inc. increased 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 worth $145,000 after buying an additional 84 shares during the last quarter. Smithfield Trust Co. increased its position in Cinemark Holdings by 1.5% in the second quarter. Smithfield Trust Co. now owns 5,730 shares of the company’s stock worth $223,000 after buying an additional 87 shares during the last quarter. Atria Investments LLC increased its position in Cinemark Holdings by 1.6% in the second quarter. Atria Investments LLC now owns 6,045 shares of the company’s stock worth $235,000 after buying an additional 96 shares during the last quarter. Finally, Utah Retirement Systems increased its position in Cinemark Holdings by 0.5% in the second quarter. Utah Retirement Systems now owns 19,400 shares of the company’s stock worth $754,000 after buying an additional 100 shares during the last quarter. 89.52% of the stock is currently owned by 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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