Cinemark Holdings, Inc. (NYSE:CNK - Free Report) - Analysts at B. Riley raised their Q3 2024 EPS estimates for Cinemark in a note issued to investors on Thursday, October 3rd. B. Riley analyst E. Wold now anticipates that the company will post earnings of $0.53 per share for the quarter, up from their previous estimate of $0.38. B. Riley currently has a "Neutral" rating and a $31.00 target price on the stock. The consensus estimate for Cinemark's current full-year earnings is $1.33 per share. B. Riley also issued estimates for Cinemark's Q3 2025 earnings at $0.46 EPS.
CNK has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their price objective on shares of Cinemark from $22.00 to $25.00 and gave the company a "neutral" rating in a report on Monday, August 5th. Barrington Research cut shares of Cinemark from an "outperform" rating to a "market perform" rating in a report on Wednesday, August 28th. Macquarie lifted their price objective on shares of Cinemark from $21.00 to $24.00 and gave the company an "outperform" rating in a report on Tuesday, July 9th. Morgan Stanley lifted their price objective on shares of Cinemark from $26.00 to $29.00 and gave the company an "overweight" rating in a report on Monday, August 5th. Finally, The Goldman Sachs Group lifted their price objective on shares of Cinemark from $16.00 to $20.00 and gave the company a "sell" rating in a report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Cinemark currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.00.
Read Our Latest Analysis on Cinemark
Cinemark Stock Performance
NYSE CNK traded up $0.21 on Monday, reaching $26.97. 1,600,115 shares of the company's stock traded hands, compared to its average volume of 2,901,197. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 2.07 and a beta of 2.36. The stock has a 50 day moving average price of $27.15 and a 200-day moving average price of $21.82. Cinemark has a fifty-two week low of $13.19 and a fifty-two week high of $29.07. The company has a debt-to-equity ratio of 6.23, a quick ratio of 1.26 and a current ratio of 1.29.
Cinemark (NYSE:CNK - Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.07 by $0.25. Cinemark had a net margin of 5.05% and a return on equity of 41.87%. The business had revenue of $734.20 million during the quarter, compared to the consensus estimate of $691.74 million. During the same period in the previous year, the firm posted $0.80 earnings per share. The business's revenue for the quarter was down 22.1% compared to the same quarter last year.
Hedge Funds Weigh In On Cinemark
Several institutional investors and hedge funds have recently bought and sold shares of the company. Arizona State Retirement System boosted its holdings in Cinemark by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 30,636 shares of the company's stock valued at $662,000 after purchasing an additional 556 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Cinemark by 0.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 122,908 shares of the company's stock valued at $2,209,000 after purchasing an additional 612 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Cinemark by 38.7% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company's stock valued at $68,000 after purchasing an additional 877 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Cinemark by 106.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,020 shares of the company's stock valued at $56,000 after purchasing an additional 1,040 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of Cinemark by 5.9% in the 2nd quarter. QRG Capital Management Inc. now owns 20,557 shares of the company's stock worth $444,000 after acquiring an additional 1,148 shares during the last quarter.
Insider Activity at Cinemark
In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the business's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $27.19, for a total value of $679,750.00. Following the transaction, the insider now directly owns 204,729 shares in the company, valued at $5,566,581.51. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.
Cinemark Company Profile
(
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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.
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