Cinemark Holdings Inc (NYSE:CNK) posted its quarterly earnings results on Friday, November 3rd. The company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.02), Briefing.com reports. Cinemark Holdings had a net margin of 8.36% and a return on equity of 18.43%. The company had revenue of $710.70 million for the quarter, compared to the consensus estimate of $702.60 million. During the same period in the prior year, the firm posted $0.56 EPS. The business’s revenue was down 7.5% on a year-over-year basis.
Cinemark Holdings (CNK) traded up $0.26 during midday trading on Tuesday, reaching $33.96. 2,020,300 shares of the company were exchanged, compared to its average volume of 1,082,842. The firm has a market capitalization of $3,924.94, a P/E ratio of 16.12, a PEG ratio of 1.11 and a beta of 1.18. Cinemark Holdings has a 52 week low of $32.03 and a 52 week high of $44.84. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 1.50.
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In other news, CEO Mark Zoradi acquired 5,000 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was acquired at an average price of $32.19 per share, for a total transaction of $160,950.00. Following the completion of the transaction, the chief executive officer now owns 172,456 shares in the company, valued at approximately $5,551,358.64. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 9.10% of the company’s stock.
CNK has been the subject of several research analyst reports. Barrington Research decreased their price target on shares of Cinemark Holdings from $49.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, August 7th. Wedbush set a $42.00 price objective on shares of Cinemark Holdings and gave the company a “buy” rating in a report on Monday, October 30th. MKM Partners reissued a “buy” rating and set a $46.00 price objective on shares of Cinemark Holdings in a report on Monday, September 18th. ValuEngine lowered shares of Cinemark Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Credit Suisse Group AG cut their price target on shares of Cinemark Holdings from $34.00 to $30.00 and set an “underperform” rating on the stock in a report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Cinemark Holdings presently has a consensus rating of “Hold” and a consensus price target of $42.31.
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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