New Lifetime High Today: Cinemark Holdings (CNK)
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Cinemark Holdings as such a stock due to the following factors:
- CNK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $37.8 million.
- CNK has traded 3,192 shares today.
- CNK is trading at a new lifetime high.
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More details on CNK:
Cinemark Holdings, Inc., together with its subsidiaries, engages in the motion picture exhibition business. The company operates theatres in the United States, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, and Bolivia. The stock currently has a dividend yield of 2.3%. CNK has a PE ratio of 26.2. Currently there are 11 analysts that rate Cinemark Holdings a buy, no analysts rate it a sell, and 4 rate it a hold.
The average volume for Cinemark Holdings has been 739,600 shares per day over the past 30 days. Cinemark has a market cap of $5.0 billion and is part of the services sector and media industry. The stock has a beta of 0.77 and a short float of 1.5% with 1.82 days to cover. Shares are up 22.6% year-to-date as of the close of trading on Thursday.
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Analysis:
rates Cinemark Holdings as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
Highlights from the ratings report include:
- CINEMARK HOLDINGS INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, CINEMARK HOLDINGS INC increased its bottom line by earning $1.67 versus $1.28 in the prior year. This year, the market expects an improvement in earnings ($2.21 versus $1.67).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Media industry. The net income increased by 203.4% when compared to the same quarter one year prior, rising from $15.59 million to $47.31 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 7.7%. Since the same quarter one year prior, revenues slightly increased by 1.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Media industry and the overall market, CINEMARK HOLDINGS INC's return on equity exceeds that of both the industry average and the S&P 500.
- Net operating cash flow has significantly increased by 76.47% to $231.49 million when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 47.71%.
- You can view the full Cinemark Holdings Ratings Report.
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