Q1 2019 EPS Estimates for Cinemark Holdings, Inc. Cut by Analyst (CNK)

Cinemark Holdings, Inc. (NYSE:CNK) – Equities research analysts at Imperial Capital cut their Q1 2019 EPS estimates for shares of Cinemark in a research report issued to clients and investors on Thursday, March 14th. Imperial Capital analyst D. Miller now forecasts that the company will post earnings per share of $0.29 for the quarter, down from their prior estimate of $0.40. Imperial Capital has a “Outperform” rating and a $47.00 price objective on the stock. Imperial Capital also issued estimates for Cinemark’s Q2 2019 earnings at $0.76 EPS, Q4 2019 earnings at $0.64 EPS, Q1 2020 earnings at $0.49 EPS, Q3 2020 earnings at $0.59 EPS, Q4 2020 earnings at $0.64 EPS and FY2020 earnings at $2.50 EPS.

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

Several other brokerages have also recently issued reports on CNK. Loop Capital assumed coverage on Cinemark in a research report on Thursday, January 31st. They set a “hold” rating and a $41.00 target price on the stock. Wedbush reaffirmed a “buy” rating and set a $46.00 target price on shares of Cinemark in a research report on Wednesday, January 30th. ValuEngine raised Cinemark from a “hold” rating to a “buy” rating in a research report on Tuesday, December 11th. Finally, Zacks Investment Research raised Cinemark from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, November 28th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $43.70.

Shares of NYSE:CNK opened at $40.12 on Friday. The company has a market cap of $4.70 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.15 and a beta of 0.77. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.86 and a current ratio of 1.18. Cinemark has a 12-month low of $33.36 and a 12-month high of $43.24.

Institutional investors have recently modified their holdings of the stock. Enlightenment Research LLC bought a new stake in Cinemark during the fourth quarter worth $36,000. Bessemer Group Inc. bought a new stake in shares of Cinemark in the third quarter valued at $168,000. Stratos Wealth Partners LTD. bought a new stake in shares of Cinemark in the third quarter valued at $171,000. QS Investors LLC bought a new stake in shares of Cinemark in the fourth quarter valued at $162,000. Finally, Ffcm LLC raised its stake in shares of Cinemark by 128.9% in the fourth quarter. Ffcm LLC now owns 4,865 shares of the company’s stock valued at $174,000 after buying an additional 2,740 shares during the period. Institutional investors and hedge funds own 95.93% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be issued a dividend of $0.34 per share. This is a positive change from Cinemark’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Thursday, March 7th. Cinemark’s dividend payout ratio (DPR) is 74.32%.

About Cinemark

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.

Further Reading: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Earnings History and Estimates for Cinemark (NYSE:CNK)

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