Cinemark Holdings, Inc. (NYSE:CNK) – Equities research analysts at B. Riley reduced their FY2019 earnings estimates for shares of Cinemark in a report released on Tuesday, January 21st, Zacks Investment Research reports. B. Riley analyst E. Wold now forecasts that the company will post earnings of $1.88 per share for the year, down from their previous forecast of $1.98. B. Riley has a “Neutral” rating and a $37.00 price objective on the stock. B. Riley also issued estimates for Cinemark’s Q4 2019 earnings at $0.47 EPS, Q4 2020 earnings at $0.48 EPS, FY2020 earnings at $1.93 EPS, Q3 2021 earnings at $0.46 EPS and Q4 2021 earnings at $0.57 EPS.
CNK has been the topic of several other research reports. Loop Capital lowered their price objective on shares of Cinemark to $42.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Imperial Capital lowered their price objective on shares of Cinemark from $48.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Zacks Investment Research raised shares of Cinemark from a “sell” rating to a “hold” rating in a research report on Tuesday, December 17th. TheStreet lowered shares of Cinemark from a “b-” rating to a “c+” rating in a research report on Wednesday, November 6th. Finally, Goldman Sachs Group set a $43.00 price objective on shares of Cinemark and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $42.18.
Cinemark stock traded up $0.99 during midday trading on Wednesday, hitting $32.18. 1,147,861 shares of the stock were exchanged, compared to its average volume of 1,688,678. Cinemark has a 52-week low of $30.59 and a 52-week high of $43.51. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 1.00 and a beta of 0.68. The business’s 50-day moving average price is $32.89 and its 200-day moving average price is $35.92. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 2.09.
Cinemark (NYSE:CNK) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.23). Cinemark had a return on equity of 14.25% and a net margin of 5.60%. The firm had revenue of $821.82 million for the quarter, compared to analysts’ expectations of $807.69 million. During the same quarter last year, the firm posted $0.43 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Huntington National Bank raised its position in shares of Cinemark by 314.2% in the fourth quarter. Huntington National Bank now owns 936 shares of the company’s stock valued at $32,000 after purchasing an additional 710 shares during the period. Quadrant Capital Group LLC raised its position in shares of Cinemark by 537.4% in the third 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. CWM LLC raised its position in shares of Cinemark by 69.9% in the fourth quarter. CWM LLC now owns 1,210 shares of the company’s stock valued at $41,000 after purchasing an additional 498 shares during the period. Quest Capital Management Inc. ADV bought a new stake in shares of Cinemark in the third quarter valued at approximately $54,000. Finally, Marshall Wace LLP bought a new stake in shares of Cinemark in the first quarter valued at approximately $65,000. 99.89% of the stock is currently owned by institutional investors.
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.