Q3 EPS Estimates for Cinemark Cut by Barrington Research

Key Points

• Barrington Research has reduced its Q3 2026 EPS estimate for Cinemark to $0.66 from $0.79, while also maintaining an "Outperform" rating and a $36 price target.
• Despite missing Q2 earnings expectations, Cinemark's revenue increased by 28.1% year-over-year, reaching $940.50 million.
• Currently, Cinemark holds a moderate buy consensus rating with an average price target of $33.67 among analysts, indicating a mixed outlook among equity researchers.

Cinemark Holdings Inc (NYSE:CNK - Free Report) - Analysts at Barrington Research dropped their Q3 2026 EPS estimates for shares of Cinemark in a report issued on Monday, August 4th. Barrington Research analyst P. Sholl now anticipates that the company will post earnings of $0.66 per share for the quarter, down from their previous estimate of $0.79. Barrington Research has a "Outperform" rating and a $36.00 price objective on the stock. The consensus estimate for Cinemark's current full-year earnings is $1.93 per share.

CNK has been the topic of a number of other reports. Wells Fargo & Company reiterated an "overweight" rating and set a $33.00 price objective (down from $36.00) on shares of Cinemark in a research note on Monday. JPMorgan Chase & Co. lifted their price target on Cinemark from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Roth Capital dropped their price objective on Cinemark from $36.00 to $34.00 and set a "buy" rating for the company in a research report on Monday. B. Riley assumed coverage on Cinemark in a research note on Friday, May 16th. They set a "neutral" rating and a $35.00 target price for the company. Finally, Benchmark reaffirmed a "buy" rating and set a $35.00 price target on shares of Cinemark in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Cinemark has an average rating of "Moderate Buy" and a consensus price target of $33.67.

Cinemark Stock Performance

Shares of NYSE:CNK traded up $0.07 during trading on Tuesday, reaching $24.99. 3,799,934 shares of the stock were exchanged, compared to its average volume of 4,266,977. Cinemark has a 12 month low of $23.12 and a 12 month high of $36.28. The stock has a 50-day moving average price of $30.05 and a 200-day moving average price of $28.96. The company has a current ratio of 0.91, a quick ratio of 0.76 and a debt-to-equity ratio of 4.32. The firm has a market cap of $2.87 billion, a PE ratio of 13.65, a PEG ratio of 2.37 and a beta of 1.90.

Cinemark (NYSE:CNK - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.15). Cinemark had a net margin of 9.13% and a return on equity of 59.16%. The firm had revenue of $940.50 million during the quarter, compared to the consensus estimate of $942.14 million. During the same period last year, the business earned $0.32 EPS. The business's revenue was up 28.1% on a year-over-year basis.

Hedge Funds Weigh In On Cinemark

A number of hedge funds have recently made changes to their positions in CNK. Elequin Capital LP boosted its holdings in shares of Cinemark by 211.6% in the 4th quarter. Elequin Capital LP now owns 997 shares of the company's stock worth $31,000 after purchasing an additional 677 shares during the period. Russell Investments Group Ltd. lifted its position in Cinemark by 402.4% in the fourth quarter. Russell Investments Group Ltd. now owns 1,030 shares of the company's stock worth $32,000 after buying an additional 825 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its stake in Cinemark by 380.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company's stock worth $59,000 after buying an additional 1,501 shares during the period. Quarry LP increased its position in Cinemark by 41.8% during the fourth quarter. Quarry LP now owns 2,114 shares of the company's stock valued at $65,000 after acquiring an additional 623 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Cinemark by 66.2% in the second quarter. GAMMA Investing LLC now owns 3,474 shares of the company's stock valued at $105,000 after acquiring an additional 1,384 shares during the period.

Insider Buying and Selling

In other Cinemark news, EVP Melissa Thomas sold 7,200 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $31.43, for a total value of $226,296.00. Following the transaction, the executive vice president directly owned 210,968 shares in the company, valued at approximately $6,630,724.24. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wanda Marie Gierhart sold 52,524 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $31.85, for a total value of $1,672,889.40. Following the sale, the insider directly owned 94,890 shares of the company's stock, valued at $3,022,246.50. This represents a 35.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 84,724 shares of company stock worth $2,724,435 in the last three months. Insiders own 2.10% of the company's stock.

Cinemark Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Thursday, May 29th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, May 29th. Cinemark's payout ratio is presently 17.49%.

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.