Cinemark (CNK) to Release Earnings on Friday

Cinemark (NYSE:CNK - Get Free Report) is projected to announce its Q1 2025 earnings results before the market opens on Friday, May 2nd. Analysts expect Cinemark to post earnings of ($0.11) per share and revenue of $604.62 million for the quarter.

Cinemark (NYSE:CNK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.06). Cinemark had a net margin of 10.16% and a return on equity of 65.83%. The firm had revenue of $814.30 million during the quarter, compared to analysts' expectations of $797.18 million. During the same period in the previous year, the company earned ($0.15) earnings per share. The business's quarterly revenue was up 27.5% on a year-over-year basis. On average, analysts expect Cinemark to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Cinemark Stock Up 1.8 %

Shares of NYSE:CNK traded up $0.51 during trading on Friday, hitting $29.51. The company's stock had a trading volume of 4,613,770 shares, compared to its average volume of 2,974,295. The company has a market capitalization of $3.48 billion, a PE ratio of 14.54 and a beta of 2.07. Cinemark has a fifty-two week low of $16.32 and a fifty-two week high of $36.28. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.96 and a current ratio of 1.01. The stock's 50-day moving average price is $26.15 and its two-hundred day moving average price is $29.29.

Cinemark Announces Dividend

The firm also recently announced a -- dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, March 5th. Cinemark's dividend payout ratio (DPR) is currently 15.76%.

Insider Buying and Selling

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $27.00, for a total value of $246,213.00. Following the sale, the insider now directly owns 147,414 shares of the company's stock, valued at approximately $3,980,178. This trade represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CNK. Wedbush reiterated a "neutral" rating and issued a $32.00 price target on shares of Cinemark in a report on Tuesday, February 18th. Benchmark lowered their target price on shares of Cinemark from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. JPMorgan Chase & Co. upgraded shares of Cinemark from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $30.00 to $34.00 in a research report on Friday, April 11th. Barrington Research reaffirmed an "outperform" rating and set a $40.00 price objective on shares of Cinemark in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company dropped their price objective on shares of Cinemark from $38.00 to $36.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Cinemark presently has an average rating of "Moderate Buy" and an average target price of $33.10.

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.