Cinemark Holdings, Inc. (NYSE:CNK) – Stock analysts at Imperial Capital reduced their Q3 2018 earnings estimates for Cinemark in a research report issued on Friday, August 17th. Imperial Capital analyst D. Miller now forecasts that the company will post earnings of $0.36 per share for the quarter, down from their prior estimate of $0.41. Imperial Capital has a “Outperform” rating and a $46.00 price target on the stock. Imperial Capital also issued estimates for Cinemark’s Q4 2018 earnings at $0.39 EPS, FY2018 earnings at $1.98 EPS, Q1 2019 earnings at $0.52 EPS, Q2 2019 earnings at $0.71 EPS, Q3 2019 earnings at $0.48 EPS and FY2019 earnings at $2.25 EPS.

Cinemark (NYSE:CNK) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05). The company had revenue of $889.05 million for the quarter, compared to analysts’ expectations of $897.68 million. Cinemark had a return on equity of 19.49% and a net margin of 8.86%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS.

Several other analysts have also recently weighed in on CNK. Barrington Research reaffirmed a “buy” rating and issued a $47.00 price target on shares of Cinemark in a report on Monday, August 13th. Zacks Investment Research cut Cinemark from a “hold” rating to a “strong sell” rating in a report on Thursday. B. Riley reaffirmed a “buy” rating on shares of Cinemark in a report on Monday, August 6th. ValuEngine raised Cinemark from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Finally, Wedbush set a $43.00 price target on Cinemark and gave the company a “buy” rating in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $41.63.

Shares of CNK opened at $36.44 on Monday. The stock has a market cap of $4.30 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.20 and a beta of 0.93. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.39 and a current ratio of 1.43. Cinemark has a 52-week low of $32.03 and a 52-week high of $44.00.

Several large investors have recently added to or reduced their stakes in CNK. Bruderman Asset Management LLC raised its holdings in shares of Cinemark by 76.6% during the 2nd quarter. Bruderman Asset Management LLC now owns 4,000 shares of the company’s stock valued at $140,000 after buying an additional 1,735 shares in the last quarter. Holistic Financial Partners purchased a new position in shares of Cinemark during the 1st quarter valued at about $230,000. Itau Unibanco Holding S.A. raised its holdings in shares of Cinemark by 413.6% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 6,898 shares of the company’s stock valued at $242,000 after buying an additional 5,555 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Cinemark during the 2nd quarter valued at about $266,000. Finally, Point72 Hong Kong Ltd raised its holdings in shares of Cinemark by 453.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 7,880 shares of the company’s stock valued at $276,000 after buying an additional 6,457 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

About Cinemark

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 December 31, 2017, the company operated 533 theatres and 5,959 screens.

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Earnings History and Estimates for Cinemark (NYSE:CNK)

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