FY2017 EPS Estimates for Cinemark Holdings Inc Reduced by Analyst (CNK)

Cinemark Holdings Inc (NYSE:CNK) – Barrington Research dropped their FY2017 earnings per share estimates for shares of Cinemark Holdings in a note issued to investors on Monday. Barrington Research analyst J. Goss now anticipates that the brokerage will post earnings of $2.30 per share for the year, down from their prior estimate of $2.35.

CNK has been the subject of several other reports. B. Riley restated a “buy” rating and set a $47.00 price objective on shares of Cinemark Holdings in a research report on Monday, November 14th. Wedbush restated a “neutral” rating and set a $40.00 price objective on shares of Cinemark Holdings in a research report on Tuesday, November 8th. Benchmark Co. restated a “hold” rating and set a $35.94 price objective on shares of Cinemark Holdings in a research report on Wednesday, November 9th. RBC Capital Markets restated an “outperform” rating and set a $43.00 price objective (up from $42.00) on shares of Cinemark Holdings in a research report on Monday, November 14th. Finally, Loop Capital restated a “buy” rating and set a $44.00 price objective on shares of Cinemark Holdings in a research report on Tuesday, October 4th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $42.13.

Earnings History and Estimates for Cinemark Holdings (NYSE:CNK)

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Cinemark Holdings (NYSE:CNK) traded up 1.74% on Wednesday, hitting $39.67. The stock had a trading volume of 418,801 shares. The company’s 50-day moving average price is $39.53 and its 200 day moving average price is $38.74. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 19.54 and a beta of 0.97. Cinemark Holdings has a one year low of $26.56 and a one year high of $42.56.

Cinemark Holdings (NYSE:CNK) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.57 by $0.01. Cinemark Holdings had a return on equity of 20.75% and a net margin of 8.06%. The firm had revenue of $768.60 million for the quarter, compared to analysts’ expectations of $776.40 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis.

A number of hedge funds have recently made changes to their positions in CNK. Advisor Group Inc. acquired a new stake in shares of Cinemark Holdings during the second quarter worth $121,000. Bessemer Group Inc. boosted its stake in shares of Cinemark Holdings by 99.9% in the second quarter. Bessemer Group Inc. now owns 3,346 shares of the company’s stock worth $122,000 after buying an additional 1,672 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Cinemark Holdings by 13.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,462 shares of the company’s stock worth $133,000 after buying an additional 412 shares during the period. Cantab Capital Partners LLP acquired a new stake in shares of Cinemark Holdings during the second quarter worth $161,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Cinemark Holdings during the third quarter worth $203,000. 88.34% of the stock is owned by hedge funds and other institutional investors.

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In related news, EVP Tom Owens sold 3,100 shares of the company’s stock in a transaction on Monday, December 19th. The shares were sold at an average price of $39.02, for a total transaction of $120,962.00. Following the completion of the sale, the executive vice president now directly owns 74,950 shares of the company’s stock, valued at approximately $2,924,549. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Cavalier sold 5,525 shares of the company’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $39.23, for a total transaction of $216,745.75. Following the sale, the executive vice president now directly owns 166,528 shares of the company’s stock, valued at $6,532,893.44. The disclosure for this sale can be found here. Corporate insiders own 9.20% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Friday, December 2nd were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $1.08 dividend on an annualized basis and a yield of 2.77%. Cinemark Holdings’s dividend payout ratio (DPR) is 53.47%.

Cinemark Holdings Company Profile

Cinemark Holdings, Inc (Cinemark) is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Curacao and Bolivia. The Company manages its business in two segments: United States markets and international markets.

5 Day Chart for NYSE:CNK

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