Roth Capital Issues Positive Estimate for Cinemark Earnings

Cinemark Holdings, Inc. (NYSE:CNK) – Investment analysts at Roth Capital increased their Q4 2024 EPS estimates for shares of Cinemark in a research note issued 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 $2.05 per share.

Cinemark (NYSE:CNK) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.61. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The company had revenue of $921.80 million for the quarter, compared to analysts’ expectations of $894.90 million. During the same period in the previous year, the firm earned $0.61 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. raised their price objective on Cinemark from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Morgan Stanley lifted their price objective on Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. StockNews.com upgraded Cinemark from a “sell” rating to a “hold” rating in a research report on Sunday, November 10th. Roth Mkm raised their target price on shares of Cinemark from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company upped their price target on shares of Cinemark from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.80.

Cinemark Stock Performance

CNK opened at $29.46 on Friday. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.96 and a current ratio of 0.98. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 19.01 and a beta of 2.40. The company has a fifty day moving average of $31.76 and a 200 day moving average of $28.59. Cinemark has a fifty-two week low of $13.45 and a fifty-two week high of $36.28.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quarry LP raised its stake in shares of Cinemark by 714.8% during 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. GAMMA Investing LLC raised its position in Cinemark by 106.1% during the 3rd 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 in the last quarter. R Squared Ltd purchased a new stake in shares of Cinemark in the 4th quarter worth $63,000. USA Financial Formulas purchased a new stake in shares of Cinemark in the 3rd quarter worth $77,000. Finally, CWM LLC increased its stake in shares of Cinemark by 134.4% during the third quarter. CWM LLC now owns 2,993 shares of the company’s stock valued at $83,000 after buying an additional 1,716 shares during the period.

Insider Activity at Cinemark

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $32.68, for a total value of $817,000.00. Following the transaction, the insider now owns 179,729 shares of the company’s stock, valued at $5,873,543.72. This represents a 12.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.30% of the stock is currently owned by insiders.

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.