Cinemark (CNK) Set to Announce Earnings on Thursday

Cinemark (NYSE:CNK - Get Free Report) will announce its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Cinemark (NYSE:CNK - Get Free Report) last released 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 firm had revenue of $734.20 million for the quarter, compared to analyst estimates of $691.74 million. During the same quarter in the prior year, the company earned $0.80 earnings per share. The business's revenue for the quarter was down 22.1% compared to the same quarter last year. On average, analysts expect Cinemark to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Cinemark Stock Performance

Shares of NYSE CNK traded down $0.14 during midday trading on Thursday, hitting $28.20. 1,656,305 shares of the company's stock were exchanged, compared to its average volume of 2,853,006. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 6.23. The firm has a market capitalization of $3.45 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.94 and a beta of 2.36. Cinemark has a 12 month low of $13.19 and a 12 month high of $29.87. The company's 50 day moving average price is $27.95 and its 200 day moving average price is $22.69.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CNK shares. Roth Mkm upped their price objective on shares of Cinemark from $30.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Wedbush increased their price target on shares of Cinemark from $28.00 to $31.00 and gave the company an "outperform" rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. raised their price objective on shares of Cinemark from $25.00 to $29.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. Macquarie upped their target price on Cinemark from $21.00 to $24.00 and gave the company an "outperform" rating in a research report on Tuesday, July 9th. Finally, Barrington Research cut Cinemark from an "outperform" rating to a "market perform" rating in a report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $28.10.

Insider Activity

In other news, insider Valmir Fernandes sold 25,000 shares of the stock in a transaction 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 sale, the insider now directly owns 204,729 shares of the company's stock, valued at approximately $5,566,581.51. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.30% of the company's stock.

About Cinemark

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.