Carmike Cinemas (CKEC) Releases Earnings Results, Misses Expectations By $-0.07 EPS

Carmike Cinemas (CKEC) reported quarterly earnings results on Monday, Aug-1-2016. The company reported $0.10 earnings per share for the quarter, missing the analyst consensus estimate by $-0.07. Analysts had a consensus of $0.17. The company posted revenue of $204.67 million in the period, compared to analysts expectations of $210.78 million. The company’s revenue was down -6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Carmike Cinemas opened for trading at $30.4 and hit $30.93 on the upside on Friday, eventually ending the session at $30.82, with a gain of 1.48% or 0.45 points. The heightened volatility saw the trading volume jump to 6,40,469 shares. Company has a market cap of $757 M.

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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