Brokers Set Expectations for Cinemark Holdings Inc’s Q3 2017 Earnings (CNK)

Cinemark Holdings Inc (NYSE:CNK) – Stock analysts at Barrington Research cut their Q3 2017 EPS estimates for Cinemark Holdings in a research note issued to investors on Wednesday. Barrington Research analyst J. Goss now forecasts that the company will earn $0.39 per share for the quarter, down from their previous forecast of $0.42. Barrington Research has a “Outperform” rating and a $46.00 price target on the stock. Barrington Research also issued estimates for Cinemark Holdings’ Q4 2017 earnings at $0.49 EPS and FY2018 earnings at $2.15 EPS.



CNK has been the subject of several other reports. Royal Bank Of Canada restated a “hold” rating and set a $43.00 price objective on shares of Cinemark Holdings in a research report on Wednesday, August 9th. B. Riley reaffirmed a “buyl” rating on shares of Cinemark Holdings in a report on Sunday, August 13th. BidaskClub cut Cinemark Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Zacks Investment Research cut Cinemark Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Finally, Wedbush reissued a “buy” rating on shares of Cinemark Holdings in a research note on Monday, August 7th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Cinemark Holdings currently has a consensus rating of “Hold” and an average price target of $42.00.

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Shares of Cinemark Holdings (CNK) opened at 35.20 on Thursday. The stock has a market capitalization of $4.08 billion, a P/E ratio of 15.04 and a beta of 1.10. The firm has a 50 day moving average of $35.46 and a 200-day moving average of $38.63. Cinemark Holdings has a 12 month low of $32.03 and a 12 month high of $44.84.

Cinemark Holdings (NYSE:CNK) last released its earnings results on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.44. The company had revenue of $751.20 million for the quarter, compared to analyst estimates of $751.72 million. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS.

Several hedge funds have recently bought and sold shares of the business. BB&T Corp boosted its position in shares of Cinemark Holdings by 0.3% in the 2nd quarter. BB&T Corp now owns 23,182 shares of the company’s stock worth $900,000 after purchasing an additional 70 shares in the last quarter. Advisor Group Inc. lifted its position in Cinemark Holdings by 2.3% in the 2nd quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock valued at $145,000 after acquiring an additional 84 shares in the last quarter. Smithfield Trust Co. lifted its position in Cinemark Holdings by 1.5% in the 2nd quarter. Smithfield Trust Co. now owns 5,730 shares of the company’s stock valued at $223,000 after acquiring an additional 87 shares in the last quarter. Atria Investments LLC lifted its position in Cinemark Holdings by 1.6% in the 2nd quarter. Atria Investments LLC now owns 6,045 shares of the company’s stock valued at $235,000 after acquiring an additional 96 shares in the last quarter. Finally, Utah Retirement Systems lifted its position in Cinemark Holdings by 0.5% in the 2nd quarter. Utah Retirement Systems now owns 19,400 shares of the company’s stock valued at $754,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

In other Cinemark Holdings news, CEO Mark Zoradi purchased 5,000 shares of Cinemark Holdings stock in a transaction that occurred on Friday, September 8th. The shares were bought at an average price of $32.19 per share, for a total transaction of $160,950.00. Following the acquisition, the chief executive officer now directly owns 172,456 shares in the company, valued at $5,551,358.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.20% of the company’s stock.

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.

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

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