Cinemark (CNK) Projected to Post Quarterly Earnings on Wednesday

Cinemark (NYSE:CNK - Get Free Report) is projected to announce its earnings results before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $793.43 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Cinemark Price Performance

NYSE:CNK traded up $0.07 during trading hours on Friday, reaching $32.59. The stock had a trading volume of 1,940,256 shares, compared to its average volume of 2,152,796. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.96 and a current ratio of 0.98. Cinemark has a 52 week low of $15.70 and a 52 week high of $36.28. The company has a 50 day moving average price of $30.55 and a two-hundred day moving average price of $29.61. The stock has a market capitalization of $3.99 billion, a PE ratio of 21.02 and a beta of 2.38.

Analysts Set New Price Targets

A number of analysts have issued reports on CNK shares. Benchmark reaffirmed a "buy" rating and issued a $40.00 price objective on shares of Cinemark in a research note on Friday, January 10th. Barrington Research upgraded Cinemark from a "market perform" rating to an "outperform" rating and set a $36.00 target price for the company in a report on Thursday, October 31st. Macquarie boosted their price objective on Cinemark from $32.00 to $34.00 and gave the company an "outperform" rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on Cinemark from $29.00 to $31.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Finally, Wedbush cut Cinemark from a "strong-buy" rating to a "hold" rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.80.

Cinemark Company Profile

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.