FY2025 Earnings Forecast for Cinemark Issued By Roth Capital

Cinemark Holdings Inc (NYSE:CNK - Free Report) - Research analysts at Roth Capital lowered their FY2025 earnings per share (EPS) estimates for Cinemark in a note issued to investors on Wednesday, July 9th. Roth Capital analyst E. Handler now expects that the company will post earnings per share of $1.28 for the year, down from their prior forecast of $1.46. Roth Capital currently has a "Buy" rating and a $35.00 target price 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.

Cinemark (NYSE:CNK - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.32). Cinemark had a return on equity of 51.68% and a net margin of 8.17%. The company had revenue of $540.70 million during the quarter, compared to the consensus estimate of $604.62 million. During the same period last year, the company earned $0.19 earnings per share. The firm's revenue was down 6.6% compared to the same quarter last year.

A number of other equities research analysts also recently weighed in on the company. Barrington Research reiterated an "outperform" rating and issued a $36.00 target price on shares of Cinemark in a report on Monday, May 5th. JPMorgan Chase & Co. lifted their target price on Cinemark from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Wedbush reissued a "neutral" rating and issued a $32.00 price objective on shares of Cinemark in a research note on Monday, April 28th. B. Riley started coverage on Cinemark in a research report on Friday, May 16th. They set a "neutral" rating and a $35.00 target price on the stock. Finally, Benchmark reaffirmed a "buy" rating and set a $35.00 target price on shares of Cinemark in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $33.36.

Cinemark Price Performance

Shares of CNK opened at $28.89 on Thursday. Cinemark has a 1 year low of $20.43 and a 1 year 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. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 1.84 and a beta of 1.88. The business has a 50-day moving average of $31.44 and a 200-day moving average of $29.24.

Institutional Trading of Cinemark

A number of hedge funds and other institutional investors have recently made changes to their positions in CNK. LPL Financial LLC lifted its holdings in Cinemark by 6.8% in the 4th quarter. LPL Financial LLC now owns 8,722 shares of the company's stock worth $270,000 after buying an additional 556 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in shares of Cinemark by 3.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 16,270 shares of the company's stock valued at $504,000 after purchasing an additional 591 shares during the period. Summit Investment Advisors Inc. increased its position in Cinemark by 5.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 11,546 shares of the company's stock valued at $358,000 after buying an additional 618 shares in the last quarter. Quarry LP increased its position in Cinemark by 41.8% during the 4th quarter. Quarry LP now owns 2,114 shares of the company's stock valued at $65,000 after buying an additional 623 shares in the last quarter. Finally, Sterling Capital Management LLC increased its holdings in shares of Cinemark by 3.7% in the 4th quarter. Sterling Capital Management LLC now owns 18,339 shares of the company's stock worth $568,000 after purchasing an additional 652 shares in the last quarter.

Insider Activity

In other news, insider Wanda Marie Gierhart sold 52,524 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $31.85, for a total transaction of $1,672,889.40. Following the transaction, the insider 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Valmir Fernandes sold 25,000 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $33.01, for a total value of $825,250.00. Following the transaction, the insider directly owned 130,612 shares in the company, valued at $4,311,502.12. This represents a 16.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,724 shares of company stock valued at $2,724,435 in the last 90 days. Insiders own 2.10% of the company's stock.

Cinemark Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th were given 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 dividend yield of 1.11%. Cinemark's dividend payout ratio is presently 21.05%.

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.

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