Roth Capital Weighs in on Cinemark's Q4 Earnings (NYSE:CNK)

Cinemark Holdings, Inc. (NYSE:CNK - Free Report) - Stock analysts at Roth Capital upped their Q4 2024 earnings per share (EPS) estimates for Cinemark in a report released on Wednesday, January 22nd. Roth Capital analyst E. Handler now expects that the company will post earnings of $0.37 per share for the quarter, up from their prior forecast of $0.34. The consensus estimate for Cinemark's current full-year earnings is $2.06 per share.

CNK has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their price objective on shares of Cinemark from $25.00 to $29.00 and gave the company a "neutral" rating in a research note on Monday, October 14th. Macquarie lifted their target price on Cinemark from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Roth Mkm raised their price objective on Cinemark from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Morgan Stanley upped their target price on Cinemark from $29.00 to $35.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. Finally, Barrington Research upgraded shares of Cinemark from a "market perform" rating to an "outperform" rating and set a $36.00 price target for the company in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Cinemark has a consensus rating of "Moderate Buy" and an average price target of $32.80.

Cinemark Trading Down 1.4 %

Shares of CNK stock traded down $0.42 during mid-day trading on Friday, reaching $29.03. The company's stock had a trading volume of 1,636,799 shares, compared to its average volume of 1,846,387. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 3.46. The firm has a market capitalization of $3.55 billion, a PE ratio of 18.73 and a beta of 2.40. The company's 50 day simple moving average is $31.65 and its 200-day simple moving average is $28.65. Cinemark has a 12-month low of $13.45 and a 12-month high of $36.28.

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

Insider Activity at Cinemark

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were 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 directly owns 179,729 shares of the company's stock, valued at $5,873,543.72. The trade was a 12.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Cinemark

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Natixis Advisors LLC increased its holdings in shares of Cinemark by 2.9% during the third quarter. Natixis Advisors LLC now owns 20,638 shares of the company's stock valued at $575,000 after purchasing an additional 583 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Cinemark by 38.7% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company's stock worth $68,000 after buying an additional 877 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Cinemark by 44.9% in the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock worth $91,000 after acquiring an additional 906 shares during the period. Quarry LP boosted its holdings in shares of Cinemark by 714.8% in the third 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. Finally, CWM LLC increased its position in shares of Cinemark by 134.4% during the 3rd 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.