Cinemark Holdings, Inc. (NYSE:CNK) – Research analysts at Wedbush increased their Q1 2018 earnings per share (EPS) estimates for Cinemark in a note issued to investors on Monday. Wedbush analyst M. Pachter now anticipates that the company will post earnings of $0.69 per share for the quarter, up from their previous forecast of $0.59. Wedbush currently has a “Buy” rating and a $38.00 target price on the stock. Wedbush also issued estimates for Cinemark’s Q2 2018 earnings at $0.66 EPS.
Cinemark (NYSE:CNK) last issued its earnings results on Friday, November 3rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The firm had revenue of $710.70 million for the quarter, compared to analyst estimates of $702.60 million. Cinemark 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 EPS.
Cinemark (NYSE:CNK) opened at $33.91 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.46 and a current ratio of 1.50. The company has a market cap of $3,950.00, a price-to-earnings ratio of 16.07, a P/E/G ratio of 1.04 and a beta of 1.18. Cinemark has a 12 month low of $32.03 and a 12 month high of $44.84.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CNK. Advisor Group Inc. raised its holdings in shares of Cinemark by 2.3% in the second quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock valued at $145,000 after buying an additional 84 shares during the last quarter. Utah Retirement Systems raised its holdings in shares of Cinemark by 0.5% in the second quarter. Utah Retirement Systems now owns 19,400 shares of the company’s stock valued at $754,000 after buying an additional 100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Cinemark by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the company’s stock valued at $147,000 after buying an additional 330 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Cinemark by 1.7% in the second quarter. Ameritas Investment Partners Inc. now owns 31,704 shares of the company’s stock valued at $1,232,000 after buying an additional 530 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Cinemark by 1.2% in the second quarter. Public Employees Retirement System of Ohio now owns 54,219 shares of the company’s stock valued at $2,106,000 after buying an additional 626 shares during the last quarter. Institutional investors own 94.62% of the company’s stock.
In other Cinemark news, Director Lee Roy Mitchell sold 174,607 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $36.72, for a total value of $6,411,569.04. Following the completion of the transaction, the director now owns 5,528,843 shares in the company, valued at $203,019,114.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Tom Owens sold 9,213 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $36.00, for a total transaction of $331,668.00. Following the completion of the transaction, the executive vice president now owns 42,722 shares of the company’s stock, valued at approximately $1,537,992. The disclosure for this sale can be found here. Insiders sold 483,820 shares of company stock valued at $17,672,093 in the last 90 days. 9.10% of the stock is currently owned by insiders.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.16 annualized dividend and a yield of 3.42%. Cinemark’s dividend payout ratio is presently 54.98%.
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Cinemark 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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