No sooner has Odeon reminded the world that it is (still) for sale then Vue lets slip that it is interested in buying Nordic Cinema Group.
British cinema operator Vue Entertainment is preparing a bid for Nordic peer Nordic Cinema Group, majority-owned by listed Swedish private equity firm Ratos, The Sunday times reported without naming sources.
Nordic Cinema had sales of 2.6 billion Swedish crowns ($312 million) and earnings before interest, tax and amortisation (EBITA) of 366 million last year.
Citing analysts, The Sunday Times said Nordic Cinema Group could be worth between 350 and 400 million pounds ($617 million). LINK
Carmike has released its quarterly results and while Q4 was down in line with the rest of the industry, analysts are optimistic about 2015.
Carmike Cinemas (NASDAQ:CKEC) posted its quarterly earnings results on Monday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.24, American Banking and Market News reports. The company had revenue of $185.40 million for the quarter, compared to the consensus estimate of $191.00 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Wedbush upgraded shares of Carmike Cinemas to a “buy” rating and set a $36.00 price target on the stock in a research note on Wednesday, February 25th. Analysts at Zacks upgraded shares of Carmike Cinemas from an “underperform” rating to a “neutral” rating and set a $28.60 price target on the stock in a research note on Wednesday, February 11th. LINK