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Last $28.50 USD
Change Today +0.11 / 0.39%
Volume 111.9K
CKEC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 2:03 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

carmike cinemas inc (CKEC) Snapshot

Open
$28.31
Previous Close
$28.39
Day High
$28.75
Day Low
$28.06
52 Week High
06/10/14 - $36.22
52 Week Low
01/6/15 - $24.00
Market Cap
698.6M
Average Volume 10 Days
285.7K
EPS TTM
$-0.11
Shares Outstanding
24.5M
EX-Date
09/30/08
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CARMIKE CINEMAS INC (CKEC)

carmike cinemas inc (CKEC) Related Businessweek News

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carmike cinemas inc (CKEC) Details

Carmike Cinemas, Inc., together with its subsidiaries, operates as a motion picture exhibitor in the United States. The company operates digital cinema and 3-D cinema theatres that show films on a first-run basis; and discount theatres primarily serving mid-size non-urban markets. As of March 13, 2015, it had 272 theatres with 2,894 screens in 41 states. The company is headquartered in Columbus, Georgia.

7,800 Employees
Last Reported Date: 03/2/15

carmike cinemas inc (CKEC) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $740.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $375.0K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $425.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $340.0K
Vice President of Film
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2014.

carmike cinemas inc (CKEC) Key Developments

Carmike Cinemas Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Impairment of Long-Lived Assets for the First Quarter Ended March 31, 2015; Provides Capex Guidance for the Full Year 2015

Carmike Cinemas Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, total operating Revenue was $184.334 million against $158.924 million a year ago. Operating income was $11.980 million against $8.079 million a year ago. Loss before income tax and loss from unconsolidated affiliates was $0.689 million against $5.037 million a year ago. Income from continuing operations was $0.391 million or $0.02 per basic and diluted share against loss from continuing operation of $3.112 million or $0.14 per basic and diluted share a year ago. Net income was $0.391 million or $0.02 per basic and diluted share against net loss of $3.164 million or $0.14 per basic and diluted share a year ago. EBITDA was $26.415 million against $19.713 million a year ago. Adjusted EBITDA was $29.761 million against $21.552 million a year ago. Net debt as on March 31, 2015, was $354.827 million against $352.023 million a year ago. Adjusted net income was $3.114 million or $0.12 per diluted share against adjusted net loss of $2.194 million or $0.10 per diluted share a year ago. Theatre level cash flow was $35.453 million against $27.639 million a year ago. Capital expenditures were $17.8 million and were primarily attributable to new build-to-suit theaters, conversions of traditional theaters to in-theater dining concept remodels. For the first quarter ended March 31, 2015, the company reported impairment of long-lived assets of $1.390 million against $0.358 million a year ago. For the full year 2015, CapEx guidance of approximately $60 million remains unchanged. As a reminder, approximately 1/4 of 2015 CapEx will be allocated to newbuild projects; 1/4 will go towards full-service casual dining theater conversions; 1/4 is earmarked for remodels, including premium large-format auditorium construction; and the remainder will be allocated to maintenance CapEx and IT expenditures.

Carmike Cinemas Plans Acquisitions

Carmike Cinemas Inc. (NasdaqGS:CKEC) plans to make acquisitions. “The success of Carmike’s recent growth and operating initiatives continue to yield positive operating results for our circuit. We achieved records across a number of key financial metrics which reflect continued progress against our strategies to identify and complete value-building theatre acquisitions and the ongoing success of our theatre-level initiatives, combined with a healthy U.S. box office environment. On a per screen basis, our first quarter admissions revenues grew approximately 5% which outperformed the overall industry growth by approximately 180 basis points. While average ticket prices remained flat versus the comparable 2014 period, first quarter attendance growth of nearly 14% generated a 16% rise in operating revenues, resulting in adjusted EBITDA and theatre level cash flow growth of nearly 38% and 28%, respectively,” stated David Passman, Carmike Cinemas’ President and Chief Executive Officer. He added: “In summary, Carmike is executing well against its theatre-level initiatives and is well positioned to participate in additional industry consolidation opportunities, which we believe support our goal of enhancing long-term shareholder value. We are actively executing strategies to identify acquisition and organic growth prospects that expand our theatre circuit and leverage our scale across attractive, complementary markets while strengthening our platform for sustainable growth. With a strong balance sheet including over $90 million in cash, an untapped credit facility and outstanding debt levels that remain well within our target leverage range, we have the financial flexibility and capacity to fund our expansion plans. The year is off to a great start, and we remain optimistic that the favorable operating environment will continue as the year unfolds.”

Carmike Cinemas Inc. Announces Retirement of John Lundin as Vice President

Carmike Cinemas Inc. has received notice from John Lundin, the Corporation's Vice President -Film, of his intention to retire from the Corporation.

 

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CKEC Competitors

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Industry Analysis

CKEC

Industry Average

Valuation CKEC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 2.4x
Price/Cash Flow 15.4x
TEV/Sales 0.2x
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