Carmike Cinemas Inc. (NASDAQ:CKEC) – Equities research analysts at B. Riley increased their Q3 2016 earnings per share (EPS) estimates for shares of Carmike Cinemas in a research report issued on Thursday. B. Riley analyst E. Wold now forecasts that the brokerage will post earnings of $0.03 per share for the quarter, up from their previous forecast of ($0.02). B. Riley currently has a “Neutral” rating and a $32.75 target price on the stock. B. Riley also issued estimates for Carmike Cinemas’ FY2016 earnings at $0.22 EPS, FY2017 earnings at $0.83 EPS, Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.25 EPS and FY2018 earnings at $1.09 EPS.
Several other research firms have also recently commented on CKEC. Zacks Investment Research upgraded shares of Carmike Cinemas from a “strong sell” rating to a “hold” rating in a research report on Monday. Wedbush restated a “neutral” rating and issued a $33.00 target price on shares of Carmike Cinemas in a research report on Thursday, September 22nd. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $30.83.
Carmike Cinemas (NASDAQ:CKEC) opened at 32.80 on Monday. The firm has a market capitalization of $799.93 million, a P/E ratio of 656.00 and a beta of 1.39. Carmike Cinemas has a 12 month low of $18.52 and a 12 month high of $33.34. The company’s 50 day moving average price is $32.45 and its 200 day moving average price is $30.87.
Carmike Cinemas (NASDAQ:CKEC) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.04. Carmike Cinemas had a return on equity of 3.65% and a net margin of 0.15%. The company had revenue of $204.70 million for the quarter, compared to analyst estimates of $209.35 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mittleman Brothers LLC boosted its position in Carmike Cinemas by 33.0% in the second quarter. Mittleman Brothers LLC now owns 2,331,185 shares of the company’s stock valued at $70,215,000 after buying an additional 578,275 shares during the period. FMR LLC boosted its stake in shares of Carmike Cinemas by 16.8% in the second quarter. FMR LLC now owns 2,125,000 shares of the company’s stock worth $64,005,000 after buying an additional 305,000 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Carmike Cinemas during the first quarter worth $34,479,000. Vanguard Group Inc. boosted its stake in shares of Carmike Cinemas by 6.1% in the second quarter. Vanguard Group Inc. now owns 968,613 shares of the company’s stock worth $29,175,000 after buying an additional 55,647 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Carmike Cinemas by 0.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 657,045 shares of the company’s stock worth $19,790,000 after buying an additional 2,668 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.
About Carmike Cinemas
Carmike Cinemas, Inc is a motion picture exhibitor company. The Company owns and operates theatres and screens. Its theatres are equipped to provide digital cinema. It owns, operates or has an interest in approximately 280 theatres with over 2,940 screens located in over 40 states. In addition, it has approximately 260 theatres with over 1,090 screens equipped for three dimension (3-D).
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