Cinemark Holdings, Inc. (NYSE:CNK - Free Report) - Roth Capital upped their Q1 2024 earnings per share (EPS) estimates for shares of Cinemark in a report released on Wednesday, April 10th. Roth Capital analyst E. Handler now anticipates that the company will post earnings per share of ($0.18) for the quarter, up from their previous forecast of ($0.28). The consensus estimate for Cinemark's current full-year earnings is $0.82 per share. Roth Capital also issued estimates for Cinemark's Q2 2024 earnings at $0.26 EPS, Q3 2024 earnings at $0.51 EPS, FY2024 earnings at $0.67 EPS, FY2025 earnings at $1.96 EPS and FY2026 earnings at $2.38 EPS.
Cinemark (NYSE:CNK - Get Free Report) last issued its earnings results on Friday, February 16th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). Cinemark had a return on equity of 72.91% and a net margin of 6.14%. The company had revenue of $638.90 million during the quarter, compared to the consensus estimate of $619.67 million. During the same quarter in the prior year, the business earned ($0.82) EPS. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year.
Several other research firms have also recently weighed in on CNK. The Goldman Sachs Group lowered their price target on Cinemark from $16.00 to $12.00 and set a "sell" rating on the stock in a report on Thursday, January 11th. Wedbush reissued an "outperform" rating and set a $20.00 price objective on shares of Cinemark in a report on Tuesday, February 13th. JPMorgan Chase & Co. raised their price objective on Cinemark from $17.00 to $19.00 and gave the company a "neutral" rating in a report on Monday. B. Riley cut Cinemark from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $23.00 to $15.00 in a report on Tuesday, January 2nd. Finally, Benchmark reissued a "buy" rating and set a $22.00 price objective on shares of Cinemark in a report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $19.56.
Check Out Our Latest Report on Cinemark
Cinemark Price Performance
Shares of NYSE:CNK traded down $0.45 on Friday, hitting $17.79. The company's stock had a trading volume of 2,736,352 shares, compared to its average volume of 3,177,819. The company has a 50-day simple moving average of $17.18 and a 200 day simple moving average of $15.91. Cinemark has a 1 year low of $13.19 and a 1 year high of $20.40. The company has a market capitalization of $2.16 billion, a PE ratio of 14.43, a PEG ratio of 2.26 and a beta of 2.27. The company has a debt-to-equity ratio of 7.73, a current ratio of 1.45 and a quick ratio of 1.42.
Insider Buying and Selling
In other news, insider Wanda Marie Gierhart sold 19,593 shares of Cinemark stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $16.75, for a total value of $328,182.75. Following the sale, the insider now directly owns 179,591 shares in the company, valued at approximately $3,008,149.25. The sale was disclosed in a filing with the SEC, which is available through this link. 10.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Cinemark
Large investors have recently made changes to their positions in the business. VitalStone Financial LLC bought a new stake in shares of Cinemark during the first quarter valued at approximately $27,000. Tower Research Capital LLC TRC boosted its position in shares of Cinemark by 38.8% during the first quarter. Tower Research Capital LLC TRC now owns 2,680 shares of the company's stock valued at $39,000 after purchasing an additional 749 shares in the last quarter. Advisor Group Holdings Inc. boosted its position in shares of Cinemark by 28.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 5,194 shares of the company's stock valued at $45,000 after purchasing an additional 1,147 shares in the last quarter. Coppell Advisory Solutions LLC bought a new stake in shares of Cinemark during the second quarter valued at approximately $48,000. Finally, State of Wyoming bought a new stake in shares of Cinemark during the second quarter valued at approximately $55,000.
About Cinemark
(
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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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