Q3 2024 EPS Estimates for Cinemark Holdings, Inc. (NYSE:CNK) Raised by Analyst

Cinemark Holdings, Inc. (NYSE:CNK) – Research analysts at Wedbush lifted their Q3 2024 earnings per share (EPS) estimates for Cinemark in a report issued on Friday, August 2nd. Wedbush analyst A. Reese now anticipates that the company will post earnings per share of $0.54 for the quarter, up from their previous forecast of $0.53. Wedbush currently has a “Outperform” rating and a $25.00 target price on the stock. The consensus estimate for Cinemark’s current full-year earnings is $1.08 per share. Wedbush also issued estimates for Cinemark’s Q4 2024 earnings at $0.60 EPS, Q2 2025 earnings at $0.73 EPS, Q3 2025 earnings at $0.58 EPS, FY2025 earnings at $1.90 EPS and FY2026 earnings at $2.19 EPS.

Cinemark (NYSE:CNK) last released its earnings results on Friday, August 2nd. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.25. The company had revenue of $734.20 million during the quarter, compared to the consensus estimate of $691.74 million. Cinemark had a return on equity of 69.48% and a net margin of 7.12%. Cinemark’s revenue was down 22.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS.

CNK has been the subject of several other research reports. Macquarie boosted their price target on shares of Cinemark from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 9th. Roth Capital raised Cinemark from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 24th. StockNews.com upgraded Cinemark from a “sell” rating to a “hold” rating in a report on Monday. Morgan Stanley lifted their price objective on Cinemark from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday. Finally, JPMorgan Chase & Co. upped their target price on shares of Cinemark from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.60.

Cinemark Trading Up 3.1 %

Shares of CNK stock opened at $26.20 on Monday. Cinemark has a fifty-two week low of $13.19 and a fifty-two week high of $26.43. The company has a 50 day moving average price of $20.33 and a 200 day moving average price of $18.20. The stock has a market capitalization of $3.21 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 2.14 and a beta of 2.36. The company has a debt-to-equity ratio of 7.42, a quick ratio of 1.45 and a current ratio of 1.48.

Hedge Funds Weigh In On Cinemark

Hedge funds have recently added to or reduced their stakes in the stock. Park West Asset Management LLC boosted 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 valued at $16,556,000 after buying an additional 300,000 shares in the last quarter. Federated Hermes Inc. boosted its stake in Cinemark by 17.0% in the fourth quarter. Federated Hermes Inc. now owns 696,859 shares of the company’s stock valued at $9,819,000 after acquiring an additional 101,272 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Cinemark by 38.1% during the first quarter. Sei Investments Co. now owns 115,124 shares of the company’s stock worth $2,069,000 after purchasing an additional 31,739 shares during the last quarter. Peconic Partners LLC increased its position in shares of Cinemark by 66.7% during the fourth quarter. Peconic Partners LLC now owns 500,000 shares of the company’s stock worth $7,045,000 after purchasing an additional 200,000 shares in the last quarter. Finally, Hennessy Advisors Inc. lifted its holdings in shares of Cinemark by 14.1% in the 1st quarter. Hennessy Advisors Inc. now owns 1,295,800 shares of the company’s stock valued at $23,286,000 after purchasing an additional 160,200 shares during 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.