Cinemark (NYSE:CNK) issued its quarterly earnings results on Friday. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.09, MarketWatch Earnings reports. Cinemark had a net margin of 8.86% and a return on equity of 19.49%. The company had revenue of $754.20 million during the quarter, compared to analysts’ expectations of $730.27 million. During the same quarter last year, the company posted $0.33 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year.
Shares of CNK opened at $40.55 on Friday. Cinemark has a twelve month low of $32.60 and a twelve month high of $44.00. The firm has a market capitalization of $4.74 billion, a PE ratio of 16.35, a PEG ratio of 1.41 and a beta of 0.80. The company has a current ratio of 1.43, a quick ratio of 1.39 and a debt-to-equity ratio of 1.38.
CNK has been the subject of several recent research reports. Zacks Investment Research raised shares of Cinemark from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Imperial Capital initiated coverage on shares of Cinemark in a research report on Wednesday, July 11th. They issued an “outperform” rating and a $46.00 price target for the company. Morgan Stanley raised their price target on shares of Cinemark from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Thursday, October 18th. ValuEngine raised shares of Cinemark from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Finally, Wedbush reissued an “outperform” rating and issued a $43.00 price target on shares of Cinemark in a research report on Thursday, August 2nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $43.25.
Institutional investors and hedge funds have recently made changes to their positions in the company. Atria Investments LLC raised its holdings in shares of Cinemark by 64.1% in the 2nd quarter. Atria Investments LLC now owns 11,466 shares of the company’s stock valued at $402,000 after purchasing an additional 4,480 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Cinemark by 10.4% in the 1st quarter. Royal Bank of Canada now owns 110,946 shares of the company’s stock valued at $4,179,000 after purchasing an additional 10,434 shares in the last quarter. Brookstone Capital Management acquired a new stake in shares of Cinemark in the 2nd quarter valued at $511,000. Steigerwald Gordon & Koch Inc. raised its holdings in shares of Cinemark by 1.2% in the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 210,529 shares of the company’s stock valued at $7,379,000 after purchasing an additional 2,472 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Cinemark in the 2nd quarter valued at $356,000. Institutional investors and hedge funds own 99.13% of the company’s stock.
Cinemark Company Profile
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. It operates theatres in the United States, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay. As of June 30, 2018, the company operated 539 theatres and 5,998 screens.
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