Cinemark FY2024 EPS Estimate Boosted by Barrington Research

Cinemark Holdings, Inc. (NYSE:CNK - Free Report) - Analysts at Barrington Research raised their FY2024 EPS estimates for Cinemark in a research report issued on Friday, January 31st. Barrington Research analyst P. Sholl now expects that the company will post earnings of $2.04 per share for the year, up from their previous forecast of $2.02. Barrington Research currently has a "Outperform" rating and a $36.00 target price on the stock. The consensus estimate for Cinemark's current full-year earnings is $2.09 per share. Barrington Research also issued estimates for Cinemark's Q4 2024 earnings at $0.35 EPS, Q2 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.60 EPS, FY2025 earnings at $1.79 EPS, Q1 2026 earnings at $0.15 EPS, Q2 2026 earnings at $0.94 EPS, Q3 2026 earnings at $0.89 EPS and FY2026 earnings at $2.62 EPS.

Several other analysts have also recently commented on the company. Roth Mkm raised their price target on Cinemark from $30.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, October 10th. StockNews.com raised Cinemark from a "sell" rating to a "hold" rating in a report on Sunday, November 10th. Wells Fargo & Company lowered their price target 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. Morgan Stanley raised their price objective on shares of Cinemark from $29.00 to $35.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. Finally, Macquarie upped their target price on shares of Cinemark from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Cinemark currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.80.

Cinemark Stock Performance

NYSE:CNK traded up $0.45 during mid-day trading on Monday, reaching $31.00. The stock had a trading volume of 1,855,734 shares, compared to its average volume of 2,211,526. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.96 and a current ratio of 0.98. The business has a 50 day simple moving average of $31.04 and a 200 day simple moving average of $29.14. Cinemark has a twelve month low of $14.00 and a twelve month high of $36.28. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 20.00 and a beta of 2.38.

Insider Transactions at Cinemark

In related news, insider Valmir Fernandes sold 25,000 shares of Cinemark stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $32.68, for a total transaction of $817,000.00. Following the completion of the sale, the insider now owns 179,729 shares in the company, valued at approximately $5,873,543.72. This trade represents a 12.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP lifted its stake in shares of Cinemark by 714.8% during the third quarter. Quarry LP now owns 1,491 shares of the company's stock valued at $42,000 after buying an additional 1,308 shares during the period. GAMMA Investing LLC lifted its stake in shares of Cinemark by 106.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,020 shares of the company's stock worth $56,000 after purchasing an additional 1,040 shares during the period. R Squared Ltd purchased a new position in shares of Cinemark during the 4th quarter worth $63,000. USA Financial Formulas acquired a new stake in shares of Cinemark during the third quarter worth $77,000. Finally, CWM LLC grew its position in shares of Cinemark by 134.4% in the third quarter. CWM LLC now owns 2,993 shares of the company's stock valued at $83,000 after purchasing an additional 1,716 shares during the period.

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.