FY2024 EPS Estimates for Cinemark Holdings, Inc. (NYSE:CNK) Boosted by Roth Capital

Cinemark Holdings, Inc. (NYSE:CNK - Free Report) - Stock analysts at Roth Capital boosted their FY2024 earnings per share estimates for Cinemark in a note issued to investors on Thursday, October 10th. Roth Capital analyst E. Handler now expects that the company will earn $1.50 per share for the year, up from their previous estimate of $1.33. Roth Capital has a "Strong-Buy" rating on the stock. The consensus estimate for Cinemark's current full-year earnings is $1.41 per share. Roth Capital also issued estimates for Cinemark's Q4 2024 earnings at $0.41 EPS.

Other analysts also recently issued reports about the company. B. Riley downgraded Cinemark from a "buy" rating to a "neutral" rating and set a $31.00 price objective on the stock. in a research report on Tuesday, August 27th. The Goldman Sachs Group increased their target price on Cinemark from $16.00 to $20.00 and gave the stock a "sell" rating in a research report on Thursday, September 19th. Wells Fargo & Company increased their target price on Cinemark from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday. Morgan Stanley increased their target price on Cinemark from $29.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Macquarie increased their target price on Cinemark from $21.00 to $24.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Cinemark presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.70.

Cinemark Price Performance

Shares of NYSE:CNK traded up $1.05 on Friday, hitting $29.68. The company had a trading volume of 3,757,778 shares, compared to its average volume of 2,892,777. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 6.23. Cinemark has a 52-week low of $13.19 and a 52-week high of $29.87. The business has a 50 day moving average of $27.42 and a 200 day moving average of $21.97. The company has a market cap of $3.63 billion, a PE ratio of 20.47, a PEG ratio of 1.94 and a beta of 2.36.

Cinemark (NYSE:CNK - Get Free Report) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.25. Cinemark had a return on equity of 41.87% and a net margin of 5.05%. The business had revenue of $734.20 million for the quarter, compared to the consensus estimate of $691.74 million. During the same period in the prior year, the business earned $0.80 earnings per share. The business's revenue was down 22.1% on a year-over-year basis.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Park West Asset Management LLC lifted its holdings in shares of Cinemark by 34.3% in the 4th quarter. Park West Asset Management LLC now owns 1,175,000 shares of the company's stock worth $16,556,000 after purchasing an additional 300,000 shares during the last quarter. Peconic Partners LLC raised its stake in Cinemark by 66.7% during the 4th quarter. Peconic Partners LLC now owns 500,000 shares of the company's stock valued at $7,045,000 after acquiring an additional 200,000 shares in the last quarter. Virtu Financial LLC bought a new stake in Cinemark during the 4th quarter valued at $192,000. Hennessy Advisors Inc. raised its stake in Cinemark by 14.1% during the 1st quarter. Hennessy Advisors Inc. now owns 1,295,800 shares of the company's stock valued at $23,286,000 after acquiring an additional 160,200 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Cinemark by 7.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 369,205 shares of the company's stock valued at $6,635,000 after acquiring an additional 26,335 shares in the last quarter.

Insider Activity

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $27.19, for a total transaction of $679,750.00. Following the completion of the sale, the insider now owns 204,729 shares in the company, valued at $5,566,581.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.30% of the company's stock.

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.