Cinemark (NYSE:CNK) posted its quarterly earnings data on Tuesday. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.23), Briefing.com reports. Cinemark had a return on equity of 14.25% and a net margin of 5.60%. The company had revenue of $821.82 million for the quarter, compared to analysts’ expectations of $807.69 million. During the same period in the prior year, the company posted $0.43 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year.
NYSE:CNK traded up $0.07 during trading hours on Friday, hitting $36.05. The company’s stock had a trading volume of 332,477 shares, compared to its average volume of 1,091,418. The stock has a market capitalization of $4.30 billion, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68. The stock has a fifty day moving average of $37.12 and a 200-day moving average of $38.27. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 1.19. Cinemark has a 52-week low of $34.49 and a 52-week high of $43.51.
A number of analysts have recently weighed in on the company. Barrington Research reaffirmed a “buy” rating and set a $49.00 price objective on shares of Cinemark in a research report on Tuesday. ValuEngine raised Cinemark from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Goldman Sachs Group set a $43.00 price objective on Cinemark and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Macquarie set a $42.00 price objective on Cinemark and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Finally, MKM Partners cut their price objective on Cinemark from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Cinemark presently has a consensus rating of “Buy” and a consensus target price of $43.60.
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of December 31, 2018, it operated 341 theatres and 4,586 screens in 41 states of the United States; and 205 theatres and 1,462 screens in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay.
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