-$0.51 EPS Expected for Cinemark Holdings, Inc. (NYSE:CNK) This Quarter

Equities analysts expect that Cinemark Holdings, Inc. (NYSE:CNKGet Rating) will report ($0.51) earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for Cinemark’s earnings, with estimates ranging from ($0.72) to ($0.19). Cinemark reported earnings of ($1.75) per share during the same quarter last year, which indicates a positive year over year growth rate of 70.9%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Cinemark will report full year earnings of $0.16 per share for the current year, with EPS estimates ranging from ($0.30) to $1.00. For the next year, analysts expect that the company will report earnings of $1.40 per share, with EPS estimates ranging from $0.60 to $2.39. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Cinemark.

Cinemark (NYSE:CNKGet Rating) last released its quarterly earnings data on Friday, February 25th. The company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.19. The business had revenue of $666.70 million for the quarter, compared to analysts’ expectations of $598.07 million. Cinemark had a negative net margin of 27.99% and a negative return on equity of 107.64%. The company’s revenue for the quarter was up 578.9% compared to the same quarter last year. During the same quarter last year, the company earned ($2.03) EPS.

A number of equities research analysts have recently weighed in on CNK shares. Barrington Research cut their price target on Cinemark from $26.00 to $22.00 in a research note on Monday, March 7th. StockNews.com initiated coverage on Cinemark in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Wells Fargo & Company cut their price objective on Cinemark from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, February 28th. Wedbush reiterated an “outperform” rating and issued a $32.00 price objective on shares of Cinemark in a research report on Tuesday, February 22nd. Finally, Zacks Investment Research raised Cinemark from a “sell” rating to a “hold” rating in a report on Wednesday, February 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.70.

NYSE:CNK opened at $16.67 on Friday. The business’s 50-day moving average price is $16.76 and its 200 day moving average price is $17.63. The firm has a market cap of $2.00 billion, a P/E ratio of -4.71, a PEG ratio of 9.97 and a beta of 2.29. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 7.71. Cinemark has a 52-week low of $13.37 and a 52-week high of $25.20.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in Cinemark in the 4th quarter worth $40,031,000. Invesco Ltd. increased its holdings in Cinemark by 1,283.7% during the third quarter. Invesco Ltd. now owns 2,506,115 shares of the company’s stock valued at $48,143,000 after buying an additional 2,324,996 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Cinemark in the 3rd quarter worth $28,815,000. Cooper Creek Partners Management LLC bought a new stake in Cinemark in the 4th quarter valued at $18,155,000. Finally, Marshall Wace LLP boosted its position in shares of Cinemark by 159.0% during the 4th quarter. Marshall Wace LLP now owns 1,523,738 shares of the company’s stock valued at $24,564,000 after acquiring an additional 935,441 shares during the last quarter. Hedge funds and other institutional investors own 91.25% of the company’s stock.

Cinemark Company Profile (Get Rating)

Cinemark Holdings, Inc is a holding company, which engages in the provision of motion picture exhibitions through its subsidiaries. It operates through the U.S. and International segments. The company was founded by Lee Roy Mitchell in 1984 and is headquartered in Plano, TX.

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Earnings History and Estimates for Cinemark (NYSE:CNK)

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