|Bid||37.78 x 900|
|Ask||37.79 x 1800|
|Day's Range||37.68 - 38.18|
|52 Week Range||34.49 - 43.51|
|Beta (3Y Monthly)||0.42|
|PE Ratio (TTM)||21.66|
|Forward Dividend & Yield||1.36 (3.60%)|
|1y Target Est||N/A|
MoviePass had all the workings of a genius tech start-up but was unable to execute its business model effectively. What does this mean for other unprofitable public companies?
Today we'll evaluate Cinemark Holdings, Inc. (NYSE:CNK) to determine whether it could have potential as an investment...
(Bloomberg) -- Movie-theater companies may be missing the power of Earth’s Mightiest Heroes.After strong domestic box-office performance earlier in the year, led by the historic success of “Avengers: Endgame,” third-quarter performance is looking soft, analysts said, prompting two firms to trim their estimates on theater chains.MKM Partners lowered its third-quarter revenue and Ebitda estimates on both AMC Entertainment Holdings and Cinemark Holdings, citing the weaker-than-expected U.S. box office. Analyst Eric Handler wrote that based on results in July and August, he now expects the domestic third-quarter box office to rise 2.5% from the year-ago period, compared with a prior view of 10% growth.Shares of Cinemark dropped 1.4% in Tuesday trading.Handler wrote that “our biggest concern right now” with AMC is that estimates may also be too high for 2020. He said the domestic box office could be down 4% next year, as it faces difficult comparisons with major hits from earlier in 2019, including “Avengers.” He has a buy rating on Cinemark but trimmed his price target by $2 to $43.Shares of AMC slipped 0.1% on Tuesday, though the stock has risen more than 30% from a July low. While there were some sizable blockbusters in the third quarter, including “The Lion King,” it also featured a soft debut for “Hobbs & Shaw,” while “It: Chapter Two” had a weaker opening weekend than its predecessor.According to Bloomberg Intelligence, “the U.S. box office needs a supernatural performance through year-end just for sales to draw even with 2018.”Separately, B Riley FBR lowered its adjusted earnings expectations for IMAX Corp.’s 2019 and 2020, also citing weaker-than-expected box-office trends.“With lower-than-expected results out of ‘It: Chapter Two’ over this past weekend and modest expectations for ‘Ad Astra,’ we now project that IMAX is tracking to $225-230M in global box office for 3Q19 vs. our previous estimate of $249M and the current consensus estimate of $246M,” analyst Eric Wold wrote.Despite that, he reiterated his buy rating and $34 price target on IMAX shares, writing that he was optimistic on its long-term trends, as well as the “improving profitability of the core cinema operations.”IMAX shares were little changed, though the company is coming off a four-day rally.(Adds Tuesday trading activity throughout.)To contact the reporter on this story: Ryan Vlastelica in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Imperial Capital analysts said Thursday they are cutting their stock price target on Netflix Inc. to $451 from $458 after media reports that the company was unable to strike a wide-release theatrical agreement for its coming film "The Irishman," the Martin Scorsese drama starring Robert De Niro and Al Pacino. "Even by Netflix standards, the film is extraordinarily expensive, costing as much as $200 million in total production expense," analyst David Miller wrote in a note to clients. Much of that cost is due to the use of "de-aging" special effects that will allow the actors to appear to be at different stages of their lives as the film moves back and forth through time. Miller is expecting it to be the most expensive film that Netflix has made so far. The streaming giant held talks with Cinemark Holdings Inc. and AMC Entertainment Holding Inc. on a theatrical release, which now apparently will start Nov. 1 at select cinemas in New York and L.A. owned by the Landmark and Alamo Drafthouse chains only. The film will debut at the New York film festival on September 27. Scorsese was reportedly in talks on getting a wider release for the film, but talks have now broken down, according to media reports. The news sent Netflix shares lower Wednesday, along with Cinemark and AMC. The cinema chains want Netflix to respect the traditional theatrical window, under which studios release films for at least 90 days in cinemas before moving to streaming and other platforms. But Netflix wants to make its films exclusively available on its service, to ensure subscribers stick with it. Film makers generally favor the theatrical release too, setting up a clash with Netflix, which is also keen to start winning Oscars. Miller said he is sticking with his outperform rating on the stock, the equivalent of buy. Netflix shares were up 2.5% Thursday and have gained 12% in 2019, while the S&P 500 has gained 16%. Cinemark was up 1.9% and AMC was up 2%.
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New York, NY, based Investment company Rivulet Capital, Llc (Current Portfolio) buys Instructure Inc, sells Ball Corp, Dollar Tree Inc, InterXion Holding NV, Cinemark Holdings Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Rivulet Capital, Llc. Continue reading...
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Cinemark (CNK) delivered earnings and revenue surprises of 7.50% and 5.65%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Cinemark Holdings, Inc. (NYSE: CNK ) reported second-quarter earnings of 86 cents per share, which beat the analyst consensus estimate of 78 cents by 10.26%. This is a 22.86% increase over earnings of ...
On Friday, August 2, Cinemark Hldgs (NYSE: CNK ) will release its latest earnings report. Decipher the announcement with Benzinga's help. Earnings and Revenue Sell-side analysts expect Cinemark's EPS to ...
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Cinemark Holdings, Inc. (NYSE:CNK) is a true Dividend Rock Star. Its yield of 3.8% makes it one of the market's top...
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
Cinemark Holdings Inc NYSE:CNKView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate and declining * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is moderate for CNK with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 11. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding CNK totaled $68.18 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Cinemark Holdings, Inc. (NYSE:CNK) is a small-cap stock with a market capitalization of US$4.3b. While investors...
The deal includes additional screens in key markets such as Dallas, Houston, San Francisco, Sacramento and Denver.
Credit Suisse initiated coverage of AMC with an outperform rating, saying the stock's selloff is 'over done.' Yahoo Finance's Seana Smith, Brian Sozzi, Ines Ferre and Dan Roberts discuss.