Cinemark FY2024 EPS Forecast Raised by Barrington Research

Cinemark Holdings, Inc. (NYSE:CNK - Free Report) - Equities research analysts at Barrington Research boosted their FY2024 EPS estimates for Cinemark in a research note issued on Monday, November 4th. Barrington Research analyst J. Goss now expects that the company will post earnings per share of $2.02 for the year, up from their prior estimate of $1.42. Barrington Research currently has a "Outperform" rating and a $36.00 price objective on the stock. The consensus estimate for Cinemark's current full-year earnings is $1.80 per share. Barrington Research also issued estimates for Cinemark's Q3 2025 earnings at $0.89 EPS, FY2025 earnings at $1.98 EPS, Q2 2026 earnings at $0.87 EPS, Q3 2026 earnings at $0.95 EPS and FY2026 earnings at $2.54 EPS.

Cinemark (NYSE:CNK - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.61. The business had revenue of $921.80 million during the quarter, compared to the consensus estimate of $894.90 million. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS.

A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Cinemark from $25.00 to $29.00 and gave the stock a "neutral" rating in a report on Monday, October 14th. Roth Mkm boosted their price target on shares of Cinemark from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. B. Riley lowered shares of Cinemark from a "buy" rating to a "neutral" rating and set a $31.00 price objective for the company. in a research note on Tuesday, August 27th. Morgan Stanley lifted their target price on shares of Cinemark from $29.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. Finally, Wedbush lowered Cinemark from a "strong-buy" rating to a "hold" rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.80.

Cinemark Stock Up 2.6 %

Shares of NYSE:CNK traded up $0.81 during mid-day trading on Thursday, hitting $31.57. 2,332,078 shares of the company traded hands, compared to its average volume of 2,859,120. The stock has a market cap of $3.86 billion, a P/E ratio of 20.37, a P/E/G ratio of 1.64 and a beta of 2.35. The stock has a 50-day moving average price of $28.43 and a two-hundred day moving average price of $23.50. Cinemark has a 12-month low of $13.19 and a 12-month high of $31.66. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 3.46.

Institutional Investors Weigh In On Cinemark

Institutional investors have recently made changes to their positions in the stock. Sei Investments Co. raised its stake in shares of Cinemark by 38.1% during the 1st quarter. Sei Investments Co. now owns 115,124 shares of the company's stock valued at $2,069,000 after purchasing an additional 31,739 shares during the period. PEAK6 Investments LLC bought a new stake in shares of Cinemark during the first quarter valued at about $2,274,000. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Cinemark by 18.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 676,652 shares of the company's stock worth $14,629,000 after buying an additional 103,875 shares in the last quarter. US Bancorp DE boosted its position in shares of Cinemark by 68.8% in the first quarter. US Bancorp DE now owns 34,846 shares of the company's stock valued at $626,000 after acquiring an additional 14,200 shares during the period. Finally, Maverick Capital Ltd. purchased a new position in Cinemark during the second quarter valued at approximately $2,253,000.

Insider Transactions at Cinemark

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the company's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $27.19, for a total transaction of $679,750.00. Following the sale, the insider now directly owns 204,729 shares of the company's stock, valued at $5,566,581.51. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by corporate insiders.

About Cinemark

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.