Cinemark Holdings Inc. (CNK) Maintains Overweight Rating
January 04, 2010 1:41 PM
Analysts at Thomas Weisel Partners Group Inc. (NASDAQ: TWPG) have maintained an Overweight rating for Cinemark Holdings Inc. (NYSE: CNK). Analysts have maintained the 12-month price target of $16 for the Cinemark Holdings stock.
Analysts have increased their estimates on Cinemark Holdings for the completion of the 4Q09 North American box office which was up 18.7% ahead of analysts’ estimate of 14%. Analysts have increased their 4Q09 attendance/screen estimate from a 11% growth to 15%.
The average ticket price and concession per patron remains unchanged. Analysts have also made adjustments to foreign exchange related fluctuations. As a result, analysts at Thomas Weisel now estimate 4Q09 revenue of $515 million against the previous estimate of $497 million and EBITDA of $134 million against previous estimate of $123 million. EPS estimate for the quarter is at $0.36.
