Equities research analysts forecast that Cinemark Holdings, Inc. (NYSE:CNK) will post earnings per share (EPS) of $0.29 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Cinemark’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.35. Cinemark posted earnings per share of $0.53 in the same quarter last year, which indicates a negative year-over-year growth rate of 45.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, May 8th.

On average, analysts expect that Cinemark will report full-year earnings of $2.28 per share for the current fiscal year, with EPS estimates ranging from $2.12 to $2.43. For the next financial year, analysts forecast that the business will post earnings of $2.49 per share, with EPS estimates ranging from $2.21 to $2.65. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Cinemark.

Cinemark (NYSE:CNK) last released its earnings results on Friday, February 22nd. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.28). Cinemark had a net margin of 6.64% and a return on equity of 14.59%. The business had revenue of $798.48 million for the quarter, compared to analyst estimates of $767.97 million. During the same period in the prior year, the company earned $0.82 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis.

CNK has been the subject of several recent research reports. Wedbush set a $46.00 target price on shares of Cinemark and gave the company a “buy” rating in a research note on Friday, February 22nd. Loop Capital initiated coverage on shares of Cinemark in a research note on Thursday, January 31st. They set a “hold” rating and a $41.00 target price for the company. Imperial Capital reissued an “outperform” rating and set a $47.00 target price (up from $46.00) on shares of Cinemark in a research note on Monday, January 7th. ValuEngine raised shares of Cinemark from a “hold” rating to a “buy” rating in a research note on Tuesday, March 19th. Finally, Zacks Investment Research lowered shares of Cinemark from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.67.

Several hedge funds have recently added to or reduced their stakes in CNK. JPMorgan Chase & Co. raised its holdings in shares of Cinemark by 4.9% during the third quarter. JPMorgan Chase & Co. now owns 4,381,965 shares of the company’s stock valued at $176,155,000 after acquiring an additional 205,898 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Cinemark by 3.2% during the third quarter. Bank of New York Mellon Corp now owns 1,757,728 shares of the company’s stock valued at $70,661,000 after acquiring an additional 55,293 shares during the period. Martingale Asset Management L P acquired a new stake in shares of Cinemark during the third quarter valued at approximately $503,000. Dimensional Fund Advisors LP raised its holdings in shares of Cinemark by 17.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,786,841 shares of the company’s stock valued at $71,830,000 after acquiring an additional 267,272 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in shares of Cinemark by 16.1% during the third quarter. Hsbc Holdings PLC now owns 15,162 shares of the company’s stock valued at $610,000 after acquiring an additional 2,098 shares during the period. Institutional investors and hedge funds own 96.49% of the company’s stock.

CNK stock opened at $42.25 on Friday. Cinemark has a 12 month low of $33.36 and a 12 month high of $43.24. The company has a market cap of $4.94 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 1.24 and a beta of 0.78. The company has a quick ratio of 1.14, a current ratio of 1.18 and a debt-to-equity ratio of 1.38.

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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