Roth Capital Has Positive Estimate for Cinemark Q4 Earnings

Cinemark Holdings, Inc. (NYSE:CNK) – Analysts at Roth Capital increased their Q4 2024 EPS estimates for Cinemark in a research report issued to clients and investors on Wednesday, January 22nd. Roth Capital analyst E. Handler now forecasts that the company will post earnings per share of $0.37 for the quarter, up from their prior estimate of $0.34. The consensus estimate for Cinemark’s current full-year earnings is $2.06 per share.

A number of other equities analysts have also recently issued reports on CNK. Wedbush cut Cinemark from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. Wells Fargo & Company increased their price objective on Cinemark from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Morgan Stanley boosted their target price on Cinemark from $29.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Barrington Research raised 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. Finally, StockNews.com raised shares of Cinemark from a “sell” rating to a “hold” rating in a research report on Sunday, November 10th. One research 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $32.80.

Cinemark Trading Down 1.4 %

NYSE:CNK opened at $29.03 on Friday. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.98 and a quick ratio of 0.96. The business’s 50-day simple moving average is $31.65 and its 200-day simple moving average is $28.70. Cinemark has a fifty-two week low of $13.45 and a fifty-two week high of $36.28. The stock has a market capitalization of $3.55 billion, a PE ratio of 18.73 and a beta of 2.40.

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

Institutional Trading of Cinemark

Several institutional investors and hedge funds have recently bought and sold shares of CNK. Quarry LP increased 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 purchasing an additional 1,308 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Cinemark by 106.1% in the third 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 during the last quarter. R Squared Ltd bought a new position in shares of Cinemark during the fourth quarter worth approximately $63,000. USA Financial Formulas acquired a new stake in Cinemark during the 3rd quarter worth approximately $77,000. Finally, CWM LLC boosted its stake in Cinemark by 134.4% in 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.

Insiders Place Their Bets

In related news, insider Valmir Fernandes sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $32.68, for a total value of $817,000.00. Following the completion of the sale, the insider now directly owns 179,729 shares in the company, valued at approximately $5,873,543.72. This trade represents a 12.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

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.