Wall Street brokerages predict that Cinemark Holdings, Inc. (NYSE:CNK) will post $765.03 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Cinemark’s earnings. The lowest sales estimate is $756.40 million and the highest is $771.80 million. Cinemark reported sales of $749.99 million during the same quarter last year, which indicates a positive year over year growth rate of 2%. The business is expected to issue its next quarterly earnings report before the market opens on Friday, February 22nd.
On average, analysts expect that Cinemark will report full year sales of $3.19 billion for the current year, with estimates ranging from $3.17 billion to $3.20 billion. For the next fiscal year, analysts forecast that the firm will post sales of $3.26 billion, with estimates ranging from $3.20 billion to $3.31 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Cinemark.
Several brokerages recently commented on CNK. Morgan Stanley boosted their price target on Cinemark from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 18th. Royal Bank of Canada boosted their price target on Cinemark from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, November 5th. B. Riley dropped their price target on Cinemark from $48.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, November 5th. Imperial Capital boosted their price target on Cinemark from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, November 2nd. Finally, MKM Partners boosted their price target on Cinemark to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Cinemark has a consensus rating of “Buy” and a consensus target price of $44.00.
Shares of CNK opened at $36.53 on Tuesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.24 and a quick ratio of 1.20. Cinemark has a one year low of $33.36 and a one year high of $44.00. The company has a market cap of $4.51 billion, a P/E ratio of 16.16, a PEG ratio of 1.11 and a beta of 0.79.
A number of large investors have recently modified their holdings of CNK. Oregon Public Employees Retirement Fund grew its holdings in Cinemark by 3,480.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,500,450 shares of the company’s stock valued at $42,000 after buying an additional 1,458,538 shares in the last quarter. BlackRock Inc. grew its holdings in Cinemark by 7.0% in the 4th quarter. BlackRock Inc. now owns 12,314,087 shares of the company’s stock valued at $440,843,000 after buying an additional 808,848 shares in the last quarter. Prudential Financial Inc. grew its holdings in Cinemark by 858.5% in the 4th quarter. Prudential Financial Inc. now owns 645,663 shares of the company’s stock valued at $23,115,000 after buying an additional 578,300 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Cinemark in the 3rd quarter valued at $22,637,000. Finally, Ceredex Value Advisors LLC grew its holdings in Cinemark by 31.7% in the 3rd quarter. Ceredex Value Advisors LLC now owns 1,768,985 shares of the company’s stock valued at $71,113,000 after buying an additional 425,985 shares in the last quarter. Institutional investors own 99.40% of the company’s stock.
Cinemark Company Profile
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of September 30, 2018, it operated 541 theatres with 6,014 screens in 41 states of the United States, Brazil, Argentina, and 13 other Latin American countries. The company was incorporated in 2006 and is headquartered in Plano, Texas.
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