Cinemark Holdings Inc (CNK) to Release Earnings on Friday
Cinemark Holdings Inc (NYSE:CNK) is scheduled to post its quarterly earnings results before the market opens on Friday, November 3rd. Analysts expect Cinemark Holdings to post earnings of $0.41 per share for the quarter.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $751.20 million for the quarter, compared to analysts’ expectations of $751.72 million. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 EPS. On average, analysts expect Cinemark Holdings to post $2.08 EPS for the current fiscal year and $2.22 EPS for the next fiscal year.
In related news, CEO Mark Zoradi bought 5,000 shares of the company’s stock in a transaction on Friday, September 8th. The shares were acquired at an average cost of $32.19 per share, with a total value of $160,950.00. Following the completion of the acquisition, the chief executive officer now owns 172,456 shares of the company’s stock, valued at approximately $5,551,358.64. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 9.10% of the company’s stock.
CNK has been the topic of several research analyst reports. Morgan Stanley reduced their target price on Cinemark Holdings from $43.00 to $40.00 and set an “underweight” rating on the stock in a research note on Thursday, July 6th. ValuEngine upgraded Cinemark Holdings from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Wedbush upgraded Cinemark Holdings from a “neutral” rating to an “outperform” rating and set a $44.00 price target on the stock in a research report on Wednesday, July 26th. B. Riley restated a “buy” rating and set a $51.00 price target on shares of Cinemark Holdings in a research report on Monday, July 31st. Finally, Barrington Research dropped their price target on Cinemark Holdings from $49.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, August 7th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $41.85.
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About Cinemark Holdings
Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.
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