Brokerages Anticipate Cinemark Holdings Inc (CNK) Will Post Quarterly Sales of $775.20 Million

Analysts predict that Cinemark Holdings Inc (NYSE:CNK) will post $775.20 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Cinemark Holdings’ earnings. The lowest sales estimate is $765.40 million and the highest is $779.70 million. Cinemark Holdings posted sales of $700.92 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.6%. The business is expected to report its next earnings results on Thursday, February 22nd.

On average, analysts expect that Cinemark Holdings will report full-year sales of $775.20 million for the current fiscal year, with estimates ranging from $2.96 billion to $3.07 billion. For the next year, analysts forecast that the business will report sales of $3.14 billion per share, with estimates ranging from $3.07 billion to $3.19 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Cinemark Holdings.

Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings results on Friday, November 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The business had revenue of $710.70 million for the quarter, compared to analysts’ expectations of $702.60 million. Cinemark Holdings had a return on equity of 18.43% and a net margin of 8.36%. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 EPS.

CNK has been the topic of a number of recent analyst reports. Credit Suisse Group lowered their price target on Cinemark Holdings from $34.00 to $30.00 and set an “underperform” rating on the stock in a research report on Thursday, September 28th. Royal Bank Of Canada set a $43.00 price target on Cinemark Holdings and gave the stock a “hold” rating in a research report on Sunday, September 10th. Morgan Stanley upgraded Cinemark Holdings from an “underweight” rating to an “equal weight” rating and set a $38.00 price target on the stock in a research report on Thursday, October 5th. Wedbush reiterated an “outperform” rating and set a $44.00 price target on shares of Cinemark Holdings in a research report on Thursday, October 5th. Finally, Zacks Investment Research downgraded Cinemark Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $42.31.

In other news, CEO Mark Zoradi bought 5,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were acquired at an average price of $32.83 per share, for a total transaction of $164,150.00. Following the completion of the transaction, the chief executive officer now directly owns 167,456 shares in the company, valued at approximately $5,497,580.48. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 9.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cable Hill Partners LLC lifted its position in shares of Cinemark Holdings by 3,300.0% in the third quarter. Cable Hill Partners LLC now owns 2,958 shares of the company’s stock valued at $107,000 after acquiring an additional 2,871 shares in the last quarter. Ffcm LLC purchased a new position in shares of Cinemark Holdings in the third quarter valued at approximately $125,000. Zions Bancorporation purchased a new position in shares of Cinemark Holdings in the third quarter valued at approximately $125,000. Advisor Group Inc. lifted its position in Cinemark Holdings by 2.3% during the second quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock worth $145,000 after buying an additional 84 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Cinemark Holdings during the second quarter worth approximately $146,000. Institutional investors and hedge funds own 92.77% of the company’s stock.

Cinemark Holdings (NYSE CNK) opened at $34.24 on Friday. The stock has a market capitalization of $3,926.10, a P/E ratio of 16.13, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 1.50. Cinemark Holdings has a 1 year low of $32.03 and a 1 year high of $44.84.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.16 annualized dividend and a dividend yield of 3.39%. Cinemark Holdings’s dividend payout ratio (DPR) is presently 54.98%.

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Cinemark Holdings 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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