Cinemark (CNK) Issues Earnings Results

Cinemark (NYSE:CNK) issued its quarterly earnings results on Friday. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.28), MarketWatch Earnings reports. Cinemark had a net margin of 9.12% and a return on equity of 19.92%. The company had revenue of $798.48 million for the quarter, compared to the consensus estimate of $767.97 million. During the same quarter in the previous year, the business earned $0.82 earnings per share. Cinemark’s revenue was up 6.5% compared to the same quarter last year.

Shares of NYSE:CNK opened at $38.29 on Friday. Cinemark has a 52-week low of $33.36 and a 52-week high of $44.00. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.20 and a current ratio of 1.24. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.06 and a beta of 0.79.

Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Cinemark from a “buy” rating to a “hold” rating in a report on Friday, November 30th. ValuEngine downgraded Cinemark from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Royal Bank of Canada raised their price target on Cinemark from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, November 5th. Imperial Capital raised their price target on Cinemark from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, November 2nd. Finally, Loop Capital assumed coverage on Cinemark in a report on Thursday, January 31st. They set a “hold” rating and a $41.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $44.00.



Hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its stake in Cinemark by 52.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 31,548 shares of the company’s stock worth $1,107,000 after acquiring an additional 10,874 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Cinemark by 34.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 24,800 shares of the company’s stock worth $997,000 after buying an additional 6,400 shares during the period. BB&T Corp purchased a new stake in shares of Cinemark in the 3rd quarter worth $225,000. Xact Kapitalforvaltning AB lifted its stake in shares of Cinemark by 8.0% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 17,632 shares of the company’s stock worth $709,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Cinemark by 92.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 340,826 shares of the company’s stock worth $13,696,000 after purchasing an additional 163,812 shares during the last quarter. 98.62% of the stock is currently owned by hedge funds and other institutional investors.

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About Cinemark

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of September 30, 2018, it operated 541 theatres with 6,014 screens in 41 states of the United States, Brazil, Argentina, and 13 other Latin American countries. The company was incorporated in 2006 and is headquartered in Plano, Texas.

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Earnings History for Cinemark (NYSE:CNK)

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