Cinemark Holdings, Inc. (NYSE:CNK) – Stock analysts at B. Riley lifted their Q1 2018 earnings per share (EPS) estimates for shares of Cinemark in a research note issued to investors on Monday. B. Riley analyst E. Wold now anticipates that the company will earn $0.69 per share for the quarter, up from their prior estimate of $0.64. B. Riley currently has a “Buy” rating and a $42.50 target price on the stock. B. Riley also issued estimates for Cinemark’s Q3 2018 earnings at $0.42 EPS, Q1 2019 earnings at $0.76 EPS and Q3 2019 earnings at $0.48 EPS.
Cinemark (NYSE:CNK) last released its earnings results on Friday, February 23rd. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.35. Cinemark had a return on equity of 19.48% and a net margin of 8.83%. The business had revenue of $750.00 million for the quarter, compared to the consensus estimate of $745.92 million. During the same period last year, the business earned $0.66 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year.
Shares of Cinemark (CNK) opened at $42.56 on Tuesday. Cinemark has a 1 year low of $32.03 and a 1 year high of $44.84. The firm has a market capitalization of $5,044.38, a PE ratio of 18.75, a P/E/G ratio of 1.22 and a beta of 1.15. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.46 and a current ratio of 1.40.
Several large investors have recently bought and sold shares of CNK. Public Employees Retirement System of Ohio raised its stake in shares of Cinemark by 1.2% in the second quarter. Public Employees Retirement System of Ohio now owns 54,219 shares of the company’s stock valued at $2,106,000 after acquiring an additional 626 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Cinemark by 35.3% during the 3rd quarter. First Trust Advisors LP now owns 156,883 shares of the company’s stock worth $5,681,000 after acquiring an additional 40,906 shares in the last quarter. Aperio Group LLC boosted its position in shares of Cinemark by 34.2% during the 3rd quarter. Aperio Group LLC now owns 42,818 shares of the company’s stock worth $1,550,000 after acquiring an additional 10,905 shares in the last quarter. BARING ASSET MANAGEMENT Ltd boosted its position in shares of Cinemark by 320.8% during the 3rd quarter. BARING ASSET MANAGEMENT Ltd now owns 39,652 shares of the company’s stock worth $1,436,000 after acquiring an additional 30,228 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Cinemark during the 3rd quarter worth approximately $410,000. Institutional investors own 93.93% of the company’s stock.
In other news, Director Lee Roy Mitchell sold 299,700 shares of Cinemark stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $36.43, for a total value of $10,918,071.00. Following the completion of the transaction, the director now owns 5,528,843 shares in the company, valued at $201,415,750.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Tom Owens sold 9,213 shares of Cinemark stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $36.00, for a total transaction of $331,668.00. Following the completion of the transaction, the executive vice president now owns 42,722 shares of the company’s stock, valued at approximately $1,537,992. The disclosure for this sale can be found here. Insiders have sold 483,820 shares of company stock worth $17,672,093 over the last ninety days. Company insiders own 9.20% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.01%. This is an increase from Cinemark’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, March 7th. Cinemark’s payout ratio is presently 51.10%.
Cinemark Company Profile
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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