The Carmike Cinemas Inc. Expected to Post Q3 2016 Earnings of $0.13 Per Share (CKEC)

The Carmike Cinemas Inc. Expected to Post Q3 2016 Earnings of $0.13 Per Share (CKEC)

Carmike Cinemas Inc. (NASDAQ:CKEC) – Equities researchers at Barrington Research lifted their Q3 2016 earnings per share (EPS) estimates for shares of Carmike Cinemas in a report released on Monday. Barrington Research analyst J. Goss now anticipates that the brokerage will post earnings per share of $0.13 for the quarter, up from their previous estimate of $0.02. Barrington Research also issued estimates for Carmike Cinemas’ Q4 2016 earnings at $0.11 EPS and FY2017 earnings at $0.65 EPS.

A number of other brokerages have also commented on CKEC. B. Riley reiterated a “neutral” rating and issued a $32.75 price objective on shares of Carmike Cinemas in a report on Tuesday, August 2nd. Zacks Investment Research lowered shares of Carmike Cinemas from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 6th. Finally, Wedbush reiterated a “neutral” rating and issued a $30.00 price objective on shares of Carmike Cinemas in a report on Friday, July 15th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Carmike Cinemas presently has an average rating of “Hold” and an average target price of $30.83.

Shares of Carmike Cinemas (NASDAQ:CKEC) opened at 33.00 on Thursday. The firm has a market cap of $804.80 million, a P/E ratio of 660.00 and a beta of 1.39. Carmike Cinemas has a 12 month low of $18.52 and a 12 month high of $33.34. The company has a 50-day moving average of $32.38 and a 200-day moving average of $30.82.

Carmike Cinemas (NASDAQ:CKEC) last announced its earnings results on Monday, August 1st. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.04. Carmike Cinemas had a return on equity of 3.65% and a net margin of 0.15%. The business had revenue of $204.70 million for the quarter, compared to analyst estimates of $209.35 million. During the same quarter last year, the company posted $0.36 EPS. Carmike Cinemas’s quarterly revenue was down 6.6% on a year-over-year basis.

Large investors have recently added to or reduced their stakes in the company. Magnetar Financial LLC bought a new stake in Carmike Cinemas during the first quarter valued at $34,479,000. JPMorgan Chase & Co. acquired a new stake in shares of Carmike Cinemas during the first quarter worth $4,032,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Carmike Cinemas during the first quarter worth $10,757,000. Societe Generale acquired a new stake in shares of Carmike Cinemas during the second quarter worth $2,738,000. Finally, Renaissance Technologies LLC increased its stake in shares of Carmike Cinemas by 360.2% in the first quarter. Renaissance Technologies LLC now owns 607,500 shares of the company’s stock worth $18,249,000 after buying an additional 475,500 shares in the last quarter. 86.62% of the stock is owned by institutional investors.

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