Cinemark Holdings Inc. (NYSE:CNK) – Equities researchers at B. Riley increased their Q3 2016 earnings per share (EPS) estimates for Cinemark Holdings in a research report issued on Thursday. B. Riley analyst E. Wold now anticipates that the brokerage will post earnings per share of $0.52 for the quarter, up from their prior forecast of $0.41. B. Riley currently has a “Buy” rating and a $47.00 target price on the stock.
Several other equities research analysts also recently weighed in on CNK. JPMorgan Chase & Co. reissued a “buy” rating on shares of Cinemark Holdings in a research note on Sunday, July 10th. Loop Capital initiated coverage on shares of Cinemark Holdings in a research note on Tuesday, August 23rd. They issued a “buy” rating and a $44.00 target price on the stock. Wedbush reissued a “neutral” rating and issued a $40.00 target price on shares of Cinemark Holdings in a research note on Thursday, September 22nd. Credit Suisse Group AG initiated coverage on shares of Cinemark Holdings in a research note on Monday, June 13th. They issued a “neutral” rating and a $33.00 target price on the stock. Finally, Drexel Hamilton reissued a “buy” rating on shares of Cinemark Holdings in a research note on Thursday, July 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $40.46.
Shares of Cinemark Holdings (NYSE:CNK) opened at 39.56 on Friday. The company’s 50-day moving average is $38.45 and its 200 day moving average is $36.51. Cinemark Holdings has a 1-year low of $26.56 and a 1-year high of $39.88. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 21.17 and a beta of 1.01.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings data 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 business had revenue of $744.40 million for the quarter, compared to the consensus estimate of $746.05 million. During the same period in the previous year, the firm earned $0.61 EPS. The company’s revenue was down 6.9% on a year-over-year basis.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Wednesday, August 31st were issued a $0.27 dividend. 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 dividend payout ratio is currently 58.06%.
Hedge funds have recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. boosted its stake in Cinemark Holdings by 377.4% in the first quarter. 1832 Asset Management L.P. now owns 1,068,794 shares of the company’s stock worth $63,160,000 after buying an additional 844,925 shares in the last quarter. Credit Agricole S A purchased a new stake in Cinemark Holdings during the first quarter worth $264,000. Carnick & Kubik LLC boosted its stake in Cinemark Holdings by 3.0% in the first quarter. Carnick & Kubik LLC now owns 17,996 shares of the company’s stock worth $645,000 after buying an additional 520 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Cinemark Holdings by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,266,302 shares of the company’s stock worth $117,032,000 after buying an additional 58,524 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in Cinemark Holdings by 10.3% in the first quarter. BlackRock Fund Advisors now owns 6,126,668 shares of the company’s stock worth $219,519,000 after buying an additional 569,842 shares in the last quarter. Institutional investors and hedge funds own 88.53% of the company’s stock.
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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