Q3 2019 EPS Estimates for Cinemark Holdings, Inc. Decreased by Analyst (NYSE:CNK)

Cinemark Holdings, Inc. (NYSE:CNK) – Stock analysts at Wedbush dropped their Q3 2019 earnings per share estimates for Cinemark in a research note issued on Monday, October 21st. Wedbush analyst M. Pachter now expects that the company will post earnings of $0.47 per share for the quarter, down from their prior estimate of $0.50. Wedbush currently has a “Buy” rating and a $49.00 target price on the stock. Wedbush also issued estimates for Cinemark’s FY2019 earnings at $2.30 EPS, Q4 2020 earnings at $0.66 EPS and FY2020 earnings at $2.35 EPS.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Cinemark from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. ValuEngine raised shares of Cinemark from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Credit Suisse Group started coverage on shares of Cinemark in a report on Friday, July 19th. They set an “outperform” rating and a $43.00 target price for the company. MKM Partners reduced their target price on shares of Cinemark from $45.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Finally, Morgan Stanley reduced their target price on shares of Cinemark from $41.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $43.73.

Cinemark stock opened at $36.41 on Thursday. The firm has a market capitalization of $4.29 billion, a PE ratio of 19.90, a P/E/G ratio of 1.05 and a beta of 0.69. The company’s 50-day moving average is $37.74 and its 200-day moving average is $38.61. Cinemark has a fifty-two week low of $34.49 and a fifty-two week high of $43.51. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.95 and a quick ratio of 0.92.

Cinemark (NYSE:CNK) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. The company had revenue of $957.76 million for the quarter, compared to analyst estimates of $906.57 million. Cinemark had a net margin of 6.31% and a return on equity of 13.75%.

In related news, CFO Sean Gamble sold 5,669 shares of Cinemark stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $41.50, for a total transaction of $235,263.50. Following the completion of the sale, the chief financial officer now owns 126,025 shares of the company’s stock, valued at approximately $5,230,037.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its holdings in Cinemark by 537.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $34,000 after purchasing an additional 790 shares during the period. Mesirow Financial Investment Management Equity Management bought a new stake in Cinemark in the 2nd quarter valued at about $49,000. Marshall Wace LLP bought a new stake in Cinemark in the 1st quarter valued at about $65,000. Cerebellum GP LLC bought a new stake in Cinemark in the 3rd quarter valued at about $118,000. Finally, Asset Management One Co. Ltd. boosted its holdings in Cinemark by 20.0% in the 2nd quarter. Asset Management One Co. Ltd. now owns 4,295 shares of the company’s stock valued at $155,000 after purchasing an additional 716 shares during the period. 99.64% of the stock is owned by hedge funds and other institutional investors.

Cinemark Company Profile

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of December 31, 2018, it operated 341 theatres and 4,586 screens in 41 states of the United States; and 205 theatres and 1,462 screens in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay.

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Earnings History and Estimates for Cinemark (NYSE:CNK)

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