FY2025 Earnings Estimate for Cinemark Issued By Roth Capital

Cinemark Holdings Inc (NYSE:CNK - Free Report) - Equities researchers at Roth Capital decreased their FY2025 earnings per share (EPS) estimates for Cinemark in a research note issued to investors on Wednesday, July 9th. Roth Capital analyst E. Handler now anticipates that the company will post earnings of $1.28 per share for the year, down from their previous forecast of $1.46. Roth Capital has a "Buy" rating and a $35.00 price objective on the stock. The consensus estimate for Cinemark's current full-year earnings is $1.93 per share. Roth Capital also issued estimates for Cinemark's FY2026 earnings at $1.57 EPS.

CNK has been the topic of a number of other research reports. Benchmark reaffirmed a "buy" rating and set a $35.00 target price on shares of Cinemark in a research note on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Cinemark in a research note on Thursday. They issued a "buy" rating and a $36.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Cinemark from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. B. Riley initiated coverage on Cinemark in a research note on Friday, May 16th. They issued a "neutral" rating and a $35.00 price objective on the stock. Finally, Wedbush raised Cinemark from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $32.00 to $37.00 in a research note on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $34.00.

Cinemark Trading Down 0.2%

Shares of CNK traded down $0.05 during mid-day trading on Thursday, reaching $29.80. 5,315,614 shares of the company's stock traded hands, compared to its average volume of 3,234,658. The stock has a market cap of $3.43 billion, a P/E ratio of 19.61, a P/E/G ratio of 1.82 and a beta of 1.88. The stock's 50-day moving average is $31.41 and its two-hundred day moving average is $29.23. Cinemark has a 12 month low of $20.43 and a 12 month high of $36.28. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.79 and a quick ratio of 0.76.

Cinemark (NYSE:CNK - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported ($0.32) EPS for the quarter, meeting analysts' consensus estimates of ($0.32). The firm had revenue of $540.70 million for the quarter, compared to analysts' expectations of $604.62 million. Cinemark had a return on equity of 51.68% and a net margin of 8.17%. The company's quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share.

Cinemark Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, May 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.07%. Cinemark's dividend payout ratio is currently 21.05%.

Insiders Place Their Bets

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $33.01, for a total transaction of $825,250.00. Following the completion of the sale, the insider owned 130,612 shares in the company, valued at $4,311,502.12. This represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Melissa Thomas sold 7,200 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $31.43, for a total value of $226,296.00. Following the sale, the executive vice president owned 210,968 shares of the company's stock, valued at approximately $6,630,724.24. This represents a 3.30% 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 over the last 90 days. Company insiders own 2.10% of the company's stock.

Institutional Trading of Cinemark

Several hedge funds and other institutional investors have recently made changes to their positions in CNK. Raymond James Financial Inc. purchased a new stake in shares of Cinemark during the 4th quarter valued at $1,494,000. Edgestream Partners L.P. purchased a new stake in shares of Cinemark during the 4th quarter valued at $589,000. Amundi purchased a new stake in shares of Cinemark during the 4th quarter valued at $5,985,000. AlphaQuest LLC lifted its holdings in shares of Cinemark by 278.7% during the 4th quarter. AlphaQuest LLC now owns 15,646 shares of the company's stock valued at $485,000 after purchasing an additional 11,515 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Cinemark by 23.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,978 shares of the company's stock valued at $867,000 after purchasing an additional 5,365 shares during the last quarter.

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.