B. Riley Equities Analysts Decrease Earnings Estimates for Cinemark Holdings, Inc. (NYSE:CNK)

Cinemark Holdings, Inc. (NYSE:CNK) – Analysts at B. Riley lowered their FY2019 earnings per share estimates for Cinemark in a research report issued to clients and investors on Wednesday, November 6th. B. Riley analyst E. Wold now expects that the company will earn $2.06 per share for the year, down from their prior estimate of $2.39. B. Riley also issued estimates for Cinemark’s Q4 2019 earnings at $0.65 EPS, Q2 2020 earnings at $0.85 EPS, Q3 2020 earnings at $0.47 EPS, Q4 2020 earnings at $0.64 EPS, FY2020 earnings at $2.32 EPS, Q1 2021 earnings at $0.38 EPS, Q2 2021 earnings at $0.88 EPS, Q3 2021 earnings at $0.50 EPS and FY2021 earnings at $2.42 EPS.

Cinemark (NYSE:CNK) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.23). The company had revenue of $821.82 million during the quarter, compared to analyst estimates of $807.69 million. Cinemark had a return on equity of 14.25% and a net margin of 5.60%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share.

A number of other equities research analysts have also recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Cinemark from $41.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, July 23rd. Zacks Investment Research cut shares of Cinemark from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. MKM Partners decreased their price target on shares of Cinemark from $45.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Barrington Research restated a “buy” rating and set a $49.00 price target on shares of Cinemark in a report on Tuesday. Finally, Credit Suisse Group started coverage on shares of Cinemark in a report on Friday, July 19th. They set an “outperform” rating and a $43.00 price target for the company. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $43.60.

NYSE:CNK traded up $0.33 during trading hours on Friday, reaching $36.31. The company’s stock had a trading volume of 57,987 shares, compared to its average volume of 1,091,418. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68. Cinemark has a one year low of $34.49 and a one year high of $43.51. The business’s 50-day moving average is $37.12 and its 200-day moving average is $38.27. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.95 and a quick ratio of 0.92.

Hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its holdings in Cinemark by 537.4% during the third quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $34,000 after acquiring an additional 790 shares during the period. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Cinemark in the second quarter valued at about $49,000. Quest Capital Management Inc. ADV bought a new stake in shares of Cinemark in the third quarter valued at about $54,000. Marshall Wace LLP bought a new stake in shares of Cinemark in the first quarter valued at about $65,000. Finally, Cerebellum GP LLC bought a new stake in shares of Cinemark in the third quarter valued at about $118,000. Institutional investors own 99.60% of the company’s stock.

About Cinemark

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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