Roth Capital Weighs in on Cinemark Holdings, Inc.’s Q3 2024 Earnings (NYSE:CNK)

Cinemark Holdings, Inc. (NYSE:CNK) – Equities research analysts at Roth Capital increased their Q3 2024 EPS estimates for shares of Cinemark in a report issued on Thursday, October 10th. Roth Capital analyst E. Handler now forecasts that the company will post earnings of $0.61 per share 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.25. Cinemark had a net margin of 5.05% and a return on equity of 41.87%. The company had revenue of $734.20 million during the quarter, compared to analysts’ expectations of $691.74 million. During the same quarter in the prior year, the company earned $0.80 EPS. The firm’s revenue was down 22.1% on a year-over-year basis.

Other equities research analysts have also recently issued research reports about the stock. Macquarie upped their price objective on shares of Cinemark from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Tuesday, July 9th. B. Riley lowered shares of Cinemark from a “buy” rating to a “neutral” rating and set a $31.00 price target for the company. in a report on Tuesday, August 27th. Barrington Research lowered shares of Cinemark from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. upped their price target on shares of Cinemark from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, StockNews.com upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.70.

Cinemark Price Performance

Shares of Cinemark stock opened at $29.68 on Monday. Cinemark has a 52-week low of $13.19 and a 52-week high of $29.87. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 1.94 and a beta of 2.36. The company has a fifty day moving average of $27.52 and a 200-day moving average of $22.08. The company has a debt-to-equity ratio of 6.23, a quick ratio of 1.26 and a current ratio of 1.29.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Third Point LLC purchased a new stake in Cinemark during the 1st quarter valued at about $89,850,000. Steadfast Capital Management LP purchased a new stake in Cinemark during the 1st quarter valued at about $29,323,000. Jericho Capital Asset Management L.P. purchased a new stake in Cinemark during the 1st quarter valued at about $15,975,000. Nut Tree Capital Management LP purchased a new stake in shares of Cinemark during the 1st quarter valued at about $13,250,000. Finally, Hennessy Advisors Inc. boosted its holdings in shares of Cinemark by 18.1% during the 2nd quarter. Hennessy Advisors Inc. now owns 1,530,200 shares of the company’s stock valued at $33,083,000 after acquiring an additional 234,400 shares during the last quarter.

Insider Buying and Selling

In related news, insider Valmir Fernandes sold 25,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $27.19, for a total value of $679,750.00. Following the completion of the transaction, the insider now directly owns 204,729 shares in the company, valued at $5,566,581.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by company insiders.

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.