Q1 2024 EPS Estimates for Cinemark Holdings, Inc. Boosted by Analyst (NYSE:CNK)

Cinemark Holdings, Inc. (NYSE:CNK) – Analysts at Wedbush raised their Q1 2024 earnings per share (EPS) estimates for shares of Cinemark in a research note issued to investors on Thursday, April 18th. Wedbush analyst A. Reese now anticipates that the company will post earnings of ($0.15) per share for the quarter, up from their prior forecast of ($0.21). Wedbush has a “Outperform” rating and a $23.00 price target on the stock. The consensus estimate for Cinemark’s current full-year earnings is $0.85 per share. Wedbush also issued estimates for Cinemark’s Q3 2024 earnings at $0.52 EPS, Q1 2025 earnings at ($0.06) EPS, Q3 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.55 EPS, FY2025 earnings at $1.66 EPS and FY2026 earnings at $1.93 EPS.

Cinemark (NYSE:CNK) last announced its quarterly earnings results on Friday, February 16th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). Cinemark had a return on equity of 72.91% and a net margin of 6.14%. The business had revenue of $638.90 million for the quarter, compared to analyst estimates of $619.67 million. During the same quarter last year, the firm posted ($0.82) EPS. The company’s revenue was up 6.5% compared to the same quarter last year.

A number of other research analysts have also issued reports on the company. Barrington Research reiterated an “outperform” rating and set a $24.00 price target on shares of Cinemark in a research report on Monday. The Goldman Sachs Group reduced their price target on Cinemark from $16.00 to $12.00 and set a “sell” rating for the company in a research report on Thursday, January 11th. JPMorgan Chase & Co. boosted their price target on Cinemark from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Benchmark restated a “buy” rating and issued a $22.00 price objective on shares of Cinemark in a report on Wednesday, April 10th. Finally, B. Riley lowered Cinemark from a “buy” rating to a “neutral” rating and cut their price objective for the company from $23.00 to $15.00 in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Cinemark presently has an average rating of “Hold” and an average target price of $20.11.

Cinemark Trading Down 0.2 %

Shares of CNK stock opened at $17.83 on Monday. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.42 and a current ratio of 1.45. Cinemark has a 1 year low of $13.19 and a 1 year high of $20.40. The stock has a fifty day moving average of $17.71 and a two-hundred day moving average of $15.85. The firm has a market capitalization of $2.17 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 2.15 and a beta of 2.27.

Institutional Trading of Cinemark

A number of hedge funds have recently modified their holdings of CNK. NBC Securities Inc. raised its position in Cinemark by 17.2% during the fourth quarter. NBC Securities Inc. now owns 4,764 shares of the company’s stock valued at $67,000 after buying an additional 700 shares during the period. Watershed Asset Management L.L.C. lifted its position in shares of Cinemark by 6.2% in the fourth quarter. Watershed Asset Management L.L.C. now owns 15,658 shares of the company’s stock worth $221,000 after purchasing an additional 915 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Cinemark by 1.7% during the third quarter. Los Angeles Capital Management LLC now owns 58,368 shares of the company’s stock worth $1,071,000 after purchasing an additional 967 shares during the period. First National Bank of Hutchinson grew its position in Cinemark by 1.4% during the third quarter. First National Bank of Hutchinson now owns 69,853 shares of the company’s stock valued at $1,282,000 after purchasing an additional 989 shares in the last quarter. Finally, Natixis Advisors L.P. increased its stake in Cinemark by 5.9% in the 3rd quarter. Natixis Advisors L.P. now owns 22,210 shares of the company’s stock valued at $408,000 after buying an additional 1,241 shares during the period.

Insiders Place Their Bets

In other Cinemark news, insider Wanda Marie Gierhart sold 19,593 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $16.75, for a total value of $328,182.75. Following the completion of the transaction, the insider now directly owns 179,591 shares in the company, valued at $3,008,149.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate 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.