FY2024 Earnings Estimate for Cinemark Issued By Roth Capital

Cinemark Holdings, Inc. (NYSE:CNK - Free Report) - Stock analysts at Roth Capital raised their FY2024 earnings per share estimates for Cinemark in a report released on Wednesday, January 22nd. Roth Capital analyst E. Handler now forecasts that the company will earn $2.05 per share for the year, up from their previous estimate of $2.02. The consensus estimate for Cinemark's current full-year earnings is $2.05 per share. Roth Capital also issued estimates for Cinemark's Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.86 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $0.57 EPS, FY2025 earnings at $2.29 EPS and FY2026 earnings at $3.03 EPS.

Cinemark (NYSE:CNK - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.61. The business had revenue of $921.80 million during the quarter, compared to analyst estimates of $894.90 million. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS.

A number of other analysts have also commented on CNK. Wedbush lowered shares of Cinemark from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 1st. Macquarie raised their price objective on shares of Cinemark from $32.00 to $34.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Benchmark reissued a "buy" rating and issued a $40.00 price objective on shares of Cinemark in a research note on Friday, January 10th. Morgan Stanley lifted their target price on Cinemark from $29.00 to $35.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. Finally, StockNews.com raised shares of Cinemark from a "sell" rating to a "hold" rating in a research report on Sunday, November 10th. 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 given a strong buy rating to the company. Based on data from MarketBeat, Cinemark presently has a consensus rating of "Moderate Buy" and an average price target of $32.80.

Cinemark Price Performance

Shares of CNK traded up $0.15 during mid-day trading on Thursday, hitting $29.46. The company's stock had a trading volume of 488,081 shares, compared to its average volume of 1,812,237. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.98 and a quick ratio of 0.96. The firm has a 50-day moving average price of $31.76 and a 200 day moving average price of $28.59. Cinemark has a fifty-two week low of $13.45 and a fifty-two week high of $36.28. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 18.99 and a beta of 2.40.

Insider Buying and Selling at Cinemark

In related news, insider Valmir Fernandes sold 25,000 shares of the business's 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 transaction, the insider now owns 179,729 shares of the company's stock, valued at approximately $5,873,543.72. The trade was a 12.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CNK. Quarry LP raised its holdings in Cinemark by 714.8% in the 3rd quarter. Quarry LP now owns 1,491 shares of the company's stock valued at $42,000 after acquiring an additional 1,308 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Cinemark by 106.1% during the third 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 period. R Squared Ltd acquired a new position in shares of Cinemark in the fourth quarter valued at $63,000. USA Financial Formulas bought a new position in Cinemark in the third quarter worth $77,000. Finally, CWM LLC boosted its stake in Cinemark by 134.4% during the third quarter. CWM LLC now owns 2,993 shares of the company's stock worth $83,000 after buying an additional 1,716 shares in the last quarter.

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.