B. Riley Has Bullish Estimate for Cinemark Q4 Earnings

Cinemark Holdings, Inc. (NYSE:CNK) – Equities researchers at B. Riley increased their Q4 2024 earnings per share (EPS) estimates for shares of Cinemark in a report released on Thursday, October 31st. B. Riley analyst E. Wold now expects that the company will post earnings per share of $0.41 for the quarter, up from their prior forecast of $0.36. B. Riley has a “Neutral” rating and a $31.00 price target on the stock. The consensus estimate for Cinemark’s current full-year earnings is $1.47 per share. B. Riley also issued estimates for Cinemark’s Q2 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.71 EPS, FY2025 earnings at $1.83 EPS and FY2026 earnings at $1.97 EPS.

CNK has been the topic of several other reports. Macquarie upped their price target on shares of Cinemark from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Friday. The Goldman Sachs Group upped their target price on Cinemark from $16.00 to $20.00 and gave the stock a “sell” rating in a research note on Thursday, September 19th. Morgan Stanley lifted their price target on Cinemark from $29.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Roth Mkm upped their price objective on Cinemark from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Wedbush lowered shares of Cinemark from a “strong-buy” rating to a “hold” rating in a report on Friday. Two research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.80.

Cinemark Stock Down 0.9 %

CNK stock opened at $29.57 on Monday. The company has a market capitalization of $3.62 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 2.02 and a beta of 2.35. Cinemark has a 12 month low of $13.19 and a 12 month high of $31.09. The firm’s fifty day simple moving average is $28.26 and its 200-day simple moving average is $23.31. The company has a debt-to-equity ratio of 4.11, a current ratio of 1.29 and a quick ratio of 1.26.

Cinemark (NYSE:CNK) last issued its earnings results on Thursday, October 31st. The company reported $1.19 EPS for the quarter, beating 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 firm had revenue of $921.80 million for the quarter, compared to analyst estimates of $894.90 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Cinemark’s revenue for the quarter was up 5.4% on a year-over-year basis.

Insider Activity

In related 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 value of $679,750.00. Following the completion of the transaction, the insider now directly owns 204,729 shares of the company’s stock, valued at approximately $5,566,581.51. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Cinemark

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings 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 period. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Cinemark by 38.7% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company’s stock worth $68,000 after buying an additional 877 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of Cinemark during the 3rd quarter valued at approximately $77,000. 1620 Investment Advisors Inc. acquired a new position in Cinemark in the second quarter valued at approximately $79,000. Finally, CWM LLC grew its position in Cinemark by 134.4% in the third quarter. CWM LLC now owns 2,993 shares of the company’s stock worth $83,000 after acquiring an additional 1,716 shares during the period.

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.