CKEC Carmike Cinemas, Inc. featured news, full reports, and detailed charts
Carmike Cinemas, Inc. (CKEC) Wrap Up:
We are one of the largest motion picture exhibitors in the United States and as of December 31, 2007, we owned, operated or had an interest in 264 theatres with 2,349 screens located in 36 states. We target small to mid-size non-urban markets with the belief that they provide a number of operating benefits, including lower operating costs and fewer alternative forms of entertainment. The following table sets forth geographic information regarding our theatre circuit as of December 31, 2007: State Theatres Screens Alabama 15 157 Arkansas 8 68 Colorado 7 54 Delaware 1 14 Florida 7 62 Georgia 22 223 Idaho 3 21 ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f17%2f0001193125-08-058824.html#FIS_BUSINESS"www.carmike.com
487 Employees
Founded in 1982
Carmike Cinemas Inc. (CKEC:NASDAQ)
LAST $5.93 USD
CHANGE TODAY +0.26 4.59%
VOLUME 91.8K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Carmike Cinemas Inc. (CKEC)
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OPEN
$5.90
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PREVIOUS CLOSE
$5.67
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DAY HIGH
$6.06
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DAY LOW
$5.81
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52 WEEK HIGH
10/21/09 - $11.54
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52 WEEK LOW
03/9/09 - $1.00
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MARKET CAP
76.3M
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AVERAGE VOLUME 3 mo
96.0K
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DILUTED EPS TTM
$-4.44
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SHARES OUTSTANDING
12.9M
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CKEC Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
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Plus Wall Street analyst opinions on Altra Holdings and Carmike Cinemas
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04/16/2009 12:01 AM ET
Analysts believe rising cinema attendance and promising movie lineups should boost Regal, Carmike, and Cinemark. More 3D screens would help
related news
'Keep your head up' [The Wilson Daily Times, N.C.]
Knight Ridder/Tribune - 11/21/2009 4:32 PM ET
BRIEF: 'New Moon' 13 of 15 auditoriums sold out for tonight's premiere at Carmike 15 [Columbus Ledger-Enquirer, Ga.]
Knight Ridder/Tribune - 11/19/2009 4:47 PM ET
Carmike sells out two auditoriums in anticipation of 'Twilight': Official says tonight could be record breaking as fans prepare for movie [Columbus Ledger-Enquirer, Ga.]
Knight Ridder/Tribune - 11/19/2009 4:01 AM ET
BRIEF: Fans prepare for local premiere of 'The Twilight Saga: New Moon' [Columbus Ledger-Enquirer, Ga.]
Knight Ridder/Tribune - 11/18/2009 4:28 PM ET
CKEC: Upgraded - JAGNote by Merriman
JAG Media - 11/17/2009 7:19 AM ET
CKEC Top Compensated Officers
Mr. Richard B. Hare
Chief Financial Officer, Senior Vice Presiden...
Age: 42
Total Annual Compensation: $316.3K
Mr. Fred W. Van Noy
Chief Operating Officer, Senior Vice Presiden...
Age: 51
Total Annual Compensation: $350.0K
Mr. F. Lee Champion III
Senior Vice President, Secretary and General ...
Age: 58
Total Annual Compensation: $316.3K
Mr. Jeffrey A. Cole
Assistant Vice President and Controller
Total Annual Compensation: $148.0K
Mr. Gary F. Krannacker
Vice President and General Manager of Theatre...
Age: 46
Total Annual Compensation: $143.8K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Carmike Cinemas Inc. (CKEC)
Carmike Cinemas Inc. Reports Results for the Third Quarter and Nine-month Period Ended September 30, 2009
11/2/2009
Carmike Cinemas Inc. reported results for the third quarter and nine-month period ended September 30, 2009. For the quarter, the company reported net loss of $20,655,000 or $1.63 per diluted share on revenue of $122,372,000 compared to net income of $203,000 or $0.02 per diluted share on revenue of $122,238,000 in the previous year period. Loss before income taxes was $20,499,000 compared to income before income tax of $164,000 in the previous year period. Loss from operations was $12,910,000 compared to income from operations of $9,707,000 in the previous year period. Adjusted EBITDA was $12.8 million compared to $18.3 million in the previous year period. For the nine months, For the nine months, the company reported net loss of $21,826,000 or $1.72 per diluted share on revenue of $377,280,000 compared to net income of $6,755,000 or $0.53 per diluted share on revenue of $355,693,000 in the previous year period. Loss before income taxes was $21,187,000 compared to $6,150,000 in the previous year period. Income from operations was $4,156,000 compared to income from operations of $24,600,000 in the previous year period. Adjusted EBITDA was $52.6 million compared to $51.7 million in the previous year period. Net Debt was $364.8 million for the period ended September 30, 2009.
Carmike Cinemas Inc. expected to Report Fiscal Year 2009 Results on March 15, 2010. This event was calculated by Capital IQ (Created on November 2, 2009).
11/2/2009
Carmike Cinemas Inc. expected to Report Fiscal Year 2009 Results on March 15, 2010. This event was calculated by Capital IQ (Created on November 2, 2009).
Carmike Cinemas to Unveil Environmentally Friendly Digital Movie Theatre
10/29/2009
Carmike Cinemas Inc. announced the opening of its new, 100% digital movie theatre, featuring DLP digital projection and QSC prime digital sound, plus wall-to-wall screens, including three auditoriums equipped with 3D capabilities. The new entertainment complex, located at the corner of 3rd and Broad Street in Chattanooga, TN, is equipped with stadium-style rocking chair seats with retractable cup holder armrests, in 11 of its 12 auditoriums. The 12th auditorium is Carmike's first-ever VIP screening room, where 21-and-older patrons will be offered a selection of beers, as well as choices from a gourmet menu or standard concessions fare. They will be cheerfully served by wait-staff, while enjoying first-run features and alternative content, from their stadium-style, leather reclining seats with push-button controls.
CKEC Competitors
| Company | Last | Change |
| Cinemark Holdings Inc | $12.34 USD | -0.13 |
| Reading International Inc | $4.03 USD | -0.04 |
| Regal Entertainment Group | $13.48 USD | +0.02 |
| Marcus Corp | $12.32 USD | +0.44 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | CKEC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.2x |
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| Price/Book | 17.9x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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CKEC |
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CKEC transactions
| Type Date |
Target |
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Merger/Acquisition
November 6, 2009 |
Six-Screen Theater at Shawnee Mall |
More Recent News About Carmike Cinemas, Inc.
More news for CKEC
Carmike Cinemas Reports Q3 Revenue of $122.4 Million and Operating Loss of $12.9 Million, After Recording a $17.2 Million Non-Cash Impairment Charge
  CARMIKE CINEMAS, INC. and SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data)     Three Months Ended Sept. 30, Nine Months Ended Sept. 30, 2009  2008  2009  2008 Revenues: (Unaudited) (Unaudited) (Unaudited) (Unaudited) ...Click here to read the whole Article (external link)
CARMIKE CINEMAS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhib
Item 2.02. Results of Operations and Financial Condition. On November 2, 2009, Carmike Cinemas, Inc. (the "Company") issued a press release announcing its financial results for the three and nine months ended September 30, 2009. The press release contains information about the Company's financial condition at September 30, 2009 and results of operations for the three and nine months ended September 30, 2009. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein in its entirety. Disclosure Regarding Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements within the meaning of the federal securities laws. Statements that are not historical facts, including statements about the Company's beliefs, expectations and future performance, are forward-looking statements. Forward-looking statements include statements preceded by, followed by or that include the words, "believes," "expects," "anticipates," "plans," "estimates" or similar expressions. Examples of forward-looking statements in this Form 8-K include the Company's expectations regarding digital cinema opportunities, box office performance, the 3D film release schedule, fiscal year 2009 performance and the Company's strategies, operating performance improvement plan, sources of liquidity, expectations regarding leverage, the availability of film product, our capital expenditures, digital cinema implementation and the opening and closing of theatres. Forward-looking statements are only predictions and are not guarantees of performance. These statements are based on beliefs and assumptions of management, which in turn are based on currently available information. The forward-looking statements also involve risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Many of these factors are beyond the Company...Click here to read the whole Article (external link)
Carmike posts Q3 loss
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | classifieds | view digital edition | ...Click here to read the whole Article (external link)
YRC Worldwide: Midday Volume Movers
Stock quotes in this article: CKEC , HEB , YRCW , ...Click here to read the whole Article (external link)
Cedar Fair, Carmike Cinemas: Biggest Price Decliners (FUN, CKEC)
By MARKET DATA STAFF Cedar Fair L.P. topped the list of Biggest Percentage Price Decliners among common stocks on the New York Stock Exchange at the close on Tuesday. See the full list . Carmike Cinemas Inc. topped the list of Biggest Percentage Price Decliners among common stocks on the Nasdaq Stock Market. See the full list . ...Click here to read the whole Article (external link)
Entercom Communications, Carmike Cinemas: Biggest Price Decliners (ETM, CKEC)
By MARKET DATA STAFF Entercom Communications Corp. topped the list of Biggest Percentage Price Decliners among common stocks on the New York Stock Exchange at midday on Tuesday. See the full list . Carmike Cinemas Inc. topped the list of Biggest Percentage Price Decliners among common stocks on the Nasdaq Stock Market. See the full list . ...Click here to read the whole Article (external link)
Stock Picks: Berkshire Hathaway, Burlington Northern
Stock Picks: Berkshire Hathaway, Burlington Northern Plus Wall Street analyst opinions on Altra Holdings and Carmike Cinemas Berkshire Hathaway (BRKA) S&P keeps hold opinion on Class A shares Burlington Northern Santa Fe Corp. (BNI) S&P keeps hold opinion S&P Equity Research analyst Catherine Seifert said she has a positive view on Berkshire Hathaway's planned acquisition of the 77.4% of Burlington Northern Santa Fe it does not already own for $100 in cash/stock, making this $44 billion deal the largest in its history. "We view the purchase price as ample and not the "deep value" we would have liked to see," Seifert wrote in a note Tuesday. "We also note this deal may shift the business mix away from its current insurance based model." Seifert raised her 2009 operating EPS estimate $62 to $5496 amid mild third quarter claim trends we foresee when Berkshire reports third quarter results on Nov. 6. She kept her target price at $105,000. S&P analyst Kevin Kirkeby also kept a hold recommendation on shares of Burlington Northern Santa Fe on the deal news. "We believe BRK.A's move looks beyond near-term regulatory and economic uncertainty and makes a strong (and positive) statement as to the long-term role of railroads in the U.S. economy," he wrote in a note Tuesday. The proposed transaction, subject to shareholder and regulatory approval, values BNI near the top end of its historical range on both asset- and earnings-based metrics, Kirkeby said. He raised his target price to $100 from $81, which approximates the proposed deal value. Altra Holdings (AIMC) Baird upgrades to outperform from ...Click here to read the whole Article (external link)
New movie theater mixes plush with enviro-friendly
CHATTANOOGA, Tenn. (AP) -- With plush lounge chairs, gourmet appetizers, a VIP auditorium and the latest digital and 3-D equipment, Chattanooga's newest movie theater complex doesn't need toilets that flush rain water to sell tickets. Carmike Cinemas Inc. and the RiverCity Co. went beyond creature comforts and high-tech gadgetry to build and open a theater that they claim is an environmental first. The Columbus, Ga.-based theater company's Majestic 12 opened last weekend, just a short walk from Chattanooga's redeveloped riverfront and the Bijou 7 it is replacing.U.S. Green Building Council spokeswoman Ashley Katz said Carmike has applied for LEED certification for the 70,000-square-foot building.LEED Gold certification means it adheres to the greenest building standards, requiring use of recycled materials in construction and environmentally friendly amenities to reduce energy consumption.The 12-screen, 2,500-seat theater building, representing $12 million invested by RiverCity Co. and local private foundations, is catching rain on the roof for toilets and landscaping, using low-energy lighting and making electricity with solar panels.Movie-goers are more likely to notice the adult-only VIP auditorium, the Ovation Room, which serves beer and upscale snacks like crab cakes, salads and specialty desserts and delivers them to customers at their seats."People will be able to sit in La-Z-Boy type seats, push a button and a foot rest comes out," Carmike corporate spokesman Dale Hurst said.Kim White, chief executive of RiverCity Co., said in a statement that the theater is expected to more than double the number of moviegoers downtown, to between 375,000 to 400,000 people annually.The theater, built by EMJ Corp. and designed by Artech Design Group, has two 60-foot screens, each almost three stories high. Rick T...Click here to read the whole Article (external link)
CARMIKE CINEMAS INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue122,374 132,994 121,912 116,828 Cost of Revenue105,685 108,796 98,430 91,931 Gross Profit16,689 24,198 23,482 24,897 Operating ExpensesResearch Development - - - - Selling General and Administrative9,341 3,807 4,058 4,488 Non Recurring11,877 (106)5,417 35,880 Others8,660 8,775 8,662 9,343 Total Operating Expenses - - - - Operating Income or Loss(12,911)11,722 5,345 (24,814)Income from Continuing OperationsTotal Other Income/Expenses Net - - - 225 Earnings Before Interest And Taxes(12,911)11,722 5,345 (24,589)Interest Expense7,589 8,738 9,016 9,744 Income Before Tax(20,500)2,984 (3,671)(34,333)Income Tax Expense - - - 271 Minority Interest - - - - Net Income From Continuing Ops(20,500)2,984 (3,671)(34,604)Non-recurring EventsDiscontinued Operations484 (158)(326)(32)Extraordinary Items - - - - Effect Of Accounting Changes - - - - Other Items...Click here to read the whole Article (external link)
Carmike Cinemas upgraded by Merriman
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