Cinemark Holdings Inc. (NYSE:CNK) – Research analysts at Barrington Research upped their Q3 2016 earnings per share estimates for Cinemark Holdings in a research report issued to clients and investors on Monday. Barrington Research analyst J. Goss now anticipates that the brokerage will post earnings per share of $0.50 for the quarter, up from their previous forecast of $0.45. Barrington Research also issued estimates for Cinemark Holdings’ Q4 2016 earnings at $0.43 EPS and FY2016 earnings at $1.90 EPS.
Cinemark Holdings (NYSE:CNK) last posted its earnings results on Tuesday, August 9th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.51 by $0.05. Cinemark Holdings had a return on equity of 19.68% and a net margin of 7.58%. The firm earned $744.40 million during the quarter, compared to the consensus estimate of $746.05 million. During the same quarter last year, the company posted $0.61 EPS. Cinemark Holdings’s revenue for the quarter was down 6.9% on a year-over-year basis.
A number of other research analysts have also issued reports on CNK. B. Riley upgraded shares of Cinemark Holdings from a “neutral” rating to a “buy” rating and raised their target price for the company from $41.75 to $47.00 in a research note on Thursday, August 4th. Credit Suisse Group AG reiterated a “neutral” rating and issued a $33.00 target price on shares of Cinemark Holdings in a research note on Sunday, June 12th. Stifel Nicolaus reiterated a “buy” rating on shares of Cinemark Holdings in a research note on Friday, June 10th. MKM Partners raised their target price on shares of Cinemark Holdings from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, July 25th. Finally, Wunderlich raised their target price on shares of Cinemark Holdings from $40.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, August 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. Cinemark Holdings has an average rating of “Hold” and an average price target of $40.46.
Cinemark Holdings (NYSE:CNK) opened at 39.63 on Wednesday. The company has a market cap of $4.58 billion, a PE ratio of 21.20 and a beta of 1.01. The firm has a 50-day moving average of $38.42 and a 200 day moving average of $36.48. Cinemark Holdings has a 52-week low of $26.56 and a 52-week high of $39.82.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Monday, August 29th. Cinemark Holdings’s payout ratio is 58.06%.
Several institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its position in Cinemark Holdings by 99.9% in the second quarter. Bessemer Group Inc. now owns 3,346 shares of the company’s stock worth $122,000 after buying an additional 1,672 shares during the last quarter. Advisor Group Inc. acquired a new position in Cinemark Holdings during the second quarter worth approximately $121,000. Cantab Capital Partners LLP acquired a new position in Cinemark Holdings during the second quarter worth approximately $161,000. Park National Corp OH acquired a new position in Cinemark Holdings during the second quarter worth approximately $203,000. Finally, Advance Capital I Inc. purchased a new position in shares of Cinemark Holdings during the second quarter valued at about $204,000. 88.53% of the stock is owned by institutional investors.
Cinemark Holdings Company Profile
Cinemark Holdings, Inc (Cinemark) is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Curacao and Bolivia. The Company manages its business in two segments: United States markets and international markets.
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