Cinemark (NYSE:CNK) released its quarterly earnings data on Friday. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.35, Briefing.com reports. Cinemark had a net margin of 8.36% and a return on equity of 18.43%. The company had revenue of $750.00 million during the quarter, compared to analyst estimates of $745.92 million. During the same period last year, the business earned $0.66 earnings per share. Cinemark’s revenue was up 7.0% compared to the same quarter last year.
Cinemark (NYSE CNK) traded up $2.55 during mid-day trading on Friday, hitting $42.27. 3,833,396 shares of the company’s stock traded hands, compared to its average volume of 1,500,220. The stock has a market capitalization of $4,923.06, a P/E ratio of 18.62, a PEG ratio of 1.17 and a beta of 1.15. Cinemark has a 52-week low of $32.03 and a 52-week high of $44.84. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.50 and a quick ratio of 1.46.
In other Cinemark news, EVP Tom Owens sold 9,213 shares of Cinemark stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 42,722 shares of the company’s stock, valued at $1,537,992. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lee Roy Mitchell sold 299,700 shares of Cinemark stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $36.43, for a total transaction of $10,918,071.00. Following the transaction, the director now directly owns 5,528,843 shares in the company, valued at $201,415,750.49. The disclosure for this sale can be found here. Insiders have sold 483,820 shares of company stock worth $17,672,093 over the last three months. Insiders own 9.20% of the company’s stock.
A number of equities analysts have recently commented on the stock. Piper Jaffray Companies set a $47.00 price objective on shares of Cinemark and gave the company a “buy” rating in a research report on Friday. Wedbush reiterated an “outperform” rating and set a $38.00 target price (down from $40.00) on shares of Cinemark in a research report on Tuesday, February 20th. Zacks Investment Research upgraded shares of Cinemark from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Thursday, February 1st. Morgan Stanley lifted their target price on shares of Cinemark from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Finally, B. Riley reiterated a “buy” rating and set a $47.00 target price on shares of Cinemark in a research report on Tuesday, December 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Cinemark has an average rating of “Hold” and a consensus target price of $41.82.
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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