Cinemark Holdings, Inc. (NYSE:CNK) Expected to Announce Earnings of -$0.54 Per Share

Analysts predict that Cinemark Holdings, Inc. (NYSE:CNKGet Rating) will report earnings per share of ($0.54) for the current quarter, Zacks reports. Five analysts have made estimates for Cinemark’s earnings. The highest EPS estimate is ($0.19) and the lowest is ($0.74). Cinemark posted earnings of ($1.75) per share in the same quarter last year, which would suggest a positive year over year growth rate of 69.1%. The business is expected to issue its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Cinemark will report full year earnings of $0.13 per share for the current fiscal year, with EPS estimates ranging from ($0.35) to $1.00. For the next fiscal year, analysts forecast that the firm will post earnings of $1.39 per share, with EPS estimates ranging from $0.60 to $2.39. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Cinemark.

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

CNK has been the subject of a number of research reports. Wedbush reiterated an “outperform” rating and issued a $32.00 price objective on shares of Cinemark in a research report on Tuesday, February 22nd. StockNews.com downgraded Cinemark from a “hold” rating to a “sell” rating in a research report on Monday, April 25th. Barrington Research dropped their target price on Cinemark from $26.00 to $22.00 in a report on Monday, March 7th. Wells Fargo & Company dropped their target price on Cinemark from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, February 28th. Finally, B. Riley dropped their target price on Cinemark from $31.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, April 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cinemark has a consensus rating of “Hold” and a consensus target price of $23.45.

Shares of CNK stock remained flat at $$15.86 during mid-day trading on Friday. The company’s stock had a trading volume of 2,032,477 shares, compared to its average volume of 2,136,345. The company has a 50 day moving average of $16.67 and a 200 day moving average of $17.31. The company has a current ratio of 1.14, a quick ratio of 1.12 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. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of -4.48, a PEG ratio of 12.20 and a beta of 2.29.

A number of hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors increased its holdings in Cinemark by 7.6% during the 3rd quarter. Captrust Financial Advisors now owns 8,150 shares of the company’s stock valued at $157,000 after purchasing an additional 576 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in Cinemark by 1.5% during the 1st quarter. Maryland State Retirement & Pension System now owns 43,065 shares of the company’s stock valued at $744,000 after purchasing an additional 620 shares in the last quarter. Kestra Advisory Services LLC increased its stake in shares of Cinemark by 2.9% in the 1st quarter. Kestra Advisory Services LLC now owns 22,718 shares of the company’s stock valued at $393,000 after buying an additional 630 shares during the period. Creative Planning increased its stake in shares of Cinemark by 6.8% in the 3rd quarter. Creative Planning now owns 10,335 shares of the company’s stock valued at $199,000 after buying an additional 655 shares during the period. Finally, Comerica Bank increased its stake in shares of Cinemark by 1.1% in the 1st quarter. Comerica Bank now owns 92,602 shares of the company’s stock valued at $1,572,000 after buying an additional 1,043 shares during the period. 91.25% of the stock is owned by hedge funds and other institutional investors.

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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