Carmike Cinemas (CKEC) Releases Earnings Results, Reports EPS of $0.22 EPS

Carmike Cinemas (CKEC) reported quarterly earnings results on Monday, May-2-2016. The company reported $0.22 EPS for the quarter. Analysts had a consensus estimate of $0.22. The company posted revenue of $206.19 million in the period, compared to analysts expectations of $207.07 million. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Carmike Cinemas. Carmike Cinemas was Downgraded by Macquarie to ” Neutral” on Mar 9, 2016. Company shares were Downgraded by RBC Capital Mkts on Mar 9, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 30 from a previous price target of $29 .Carmike Cinemas was Downgraded by Barrington Research to ” Mkt Perform” on Mar 7, 2016.

Carmike Cinemas closed down -0.06 points or -0.20% at $29.93 with 2,68,719 shares getting traded on Wednesday. Post opening the session at $29.99, the shares hit an intraday low of $29.92 and an intraday high of $30.1 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Sep 15, 2015, Daniel E Ellis (SVP, General Counsel & Sec) sold 2,000 shares at $20.30 per share price. According to the SEC, on Aug 3, 2015, A Dale Mayo (Pres., Alternative Programming) sold 5,000 shares at $24.56 per share price. On May 18, 2015, Richard B Hare (SVP-Finance, Treasurer and CFO) sold 22,560 shares at $28.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Carmike Cinemas Inc. (Carmike) is a motion picture exhibitor company. The Company owns and operates theatres and screens. In certain locations the Company offers a food and beverage menu including the sale of alcoholic beverages. The Company owns and operates approximately 274 theatres with 2909 screens located in 41 states. In addition it has approximately 257 theatres with 1080 screens (37% of its screens) equipped for three dimension (3-D). The Company operates one family entertainment center under the name Hollywood Connection which features a multiplex theatre and other forms of family entertainment. It also operates two Bogart’s Bar and Grill Restaurants (Bogart’s). Bogart’s is a full service restaurant and bar. As of December 31 2014 the Company operated 45 auditoriums which operate under the Big D IMAX and MuviXL names. The Company sells its tickets at its theatre box offices before the start of a film.

Carmike Cinemas

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