Nomura Securities Maintains a 'Buy' on Cinemark Holdings (CNK); Uniquely Positioned to Capture Record 2012 Box Office
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Price: $29.96 -0.99%
Rating Summary:
6 Buy, 7 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
6 Buy, 7 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade CNK Now!
Nomura Securities maintains a 'Buy' on Cinemark Holdings (NYSE: CNK) price target of $26.00.
Analyst, Robert Fishman, said, "Cinemark reported adjusted EPS of $0.37, one penny ahead of our estimate of $0.36 and in line with consensus. Revenues were slightly ahead at $579mn with growth of 20% (vs. our 19% est.), while total expense growth was only slightly better at 13% (vs. our 14% est.)."
"Cinemark is uniquely positioned to capture record 2012 U.S. box office, in our view, while benefiting from the growing importance of international box office. We believe that studios need to keep U.S. theatres healthy enough to generate meaningful revenue from the domestic box office, which sets the stage for downstream profits. Furthermore, Cinemark’s Latin American theatres shield against our longer-term U.S. secular concerns."
For an analyst ratings summary and ratings history on Cinemark Holdings click here. For more ratings news on Cinemark Holdings click here.
Shares of Cinemark Holdings closed at $23.09 yesterday, with a 52 week range of $17.10-$23.90.
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Analyst, Robert Fishman, said, "Cinemark reported adjusted EPS of $0.37, one penny ahead of our estimate of $0.36 and in line with consensus. Revenues were slightly ahead at $579mn with growth of 20% (vs. our 19% est.), while total expense growth was only slightly better at 13% (vs. our 14% est.)."
"Cinemark is uniquely positioned to capture record 2012 U.S. box office, in our view, while benefiting from the growing importance of international box office. We believe that studios need to keep U.S. theatres healthy enough to generate meaningful revenue from the domestic box office, which sets the stage for downstream profits. Furthermore, Cinemark’s Latin American theatres shield against our longer-term U.S. secular concerns."
For an analyst ratings summary and ratings history on Cinemark Holdings click here. For more ratings news on Cinemark Holdings click here.
Shares of Cinemark Holdings closed at $23.09 yesterday, with a 52 week range of $17.10-$23.90.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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