Q3 2024 Earnings Forecast for Cinemark Holdings, Inc. (NYSE:CNK) Issued By Roth Capital

Cinemark Holdings, Inc. (NYSE:CNK) – Analysts at Roth Capital boosted their Q3 2024 earnings per share (EPS) estimates for shares of Cinemark in a research note issued to investors on Thursday, October 10th. Roth Capital analyst E. Handler now expects that the company will post earnings per share of $0.61 for the quarter, up from their prior forecast of $0.44. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Cinemark’s current full-year earnings is $1.41 per share. Roth Capital also issued estimates for Cinemark’s FY2025 earnings at $2.10 EPS and FY2026 earnings at $2.86 EPS.

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.25. The business had revenue of $734.20 million for the quarter, compared to analyst estimates of $691.74 million. Cinemark had a net margin of 5.05% and a return on equity of 41.87%. The company’s revenue was down 22.1% on a year-over-year basis. During the same period last year, the business earned $0.80 EPS.

A number of other brokerages have also recently weighed in on CNK. B. Riley cut shares of Cinemark from a “buy” rating to a “neutral” rating and set a $31.00 price target for the company. in a research note on Tuesday, August 27th. StockNews.com downgraded shares of Cinemark from a “hold” rating to a “sell” rating in a research note on Tuesday. Wedbush boosted their price target on Cinemark from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. upped their price objective on Cinemark from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Benchmark reiterated a “buy” rating and issued a $23.00 target price on shares of Cinemark in a research note on Monday, July 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Cinemark currently has an average rating of “Moderate Buy” and a consensus price target of $28.10.

Cinemark Stock Down 1.3 %

Shares of NYSE:CNK opened at $28.72 on Monday. The firm has a 50 day simple moving average of $27.64 and a 200-day simple moving average of $22.26. Cinemark has a twelve month low of $13.19 and a twelve month high of $29.87. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 6.23. The company has a market capitalization of $3.51 billion, a PE ratio of 19.81, a P/E/G ratio of 1.94 and a beta of 2.36.

Insiders Place Their Bets

In other Cinemark 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 transaction, the insider now owns 204,729 shares of the company’s stock, valued at $5,566,581.51. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cinemark

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. raised its position in shares of Cinemark by 38.1% in the 1st quarter. Sei Investments Co. now owns 115,124 shares of the company’s stock worth $2,069,000 after buying an additional 31,739 shares during the period. Hennessy Advisors Inc. grew its holdings in shares of Cinemark by 14.1% during the 1st quarter. Hennessy Advisors Inc. now owns 1,295,800 shares of the company’s stock worth $23,286,000 after purchasing an additional 160,200 shares during the period. PEAK6 Investments LLC acquired a new stake in Cinemark during the 1st quarter worth approximately $2,274,000. US Bancorp DE raised its holdings in Cinemark by 68.8% in the first quarter. US Bancorp DE now owns 34,846 shares of the company’s stock valued at $626,000 after buying an additional 14,200 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in Cinemark by 18.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 676,652 shares of the company’s stock valued at $14,629,000 after buying an additional 103,875 shares in the last quarter.

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.