Cinemark Holdings, Inc. (NYSE:CNK - Free Report) - Stock analysts at Wedbush raised their Q4 2024 earnings estimates for shares of Cinemark in a research report issued to clients and investors on Thursday, May 2nd. Wedbush analyst A. Reese now forecasts that the company will post earnings of $0.49 per share for the quarter, up from their prior estimate of $0.47. Wedbush has a "Outperform" rating and a $23.00 price objective on the stock. The consensus estimate for Cinemark's current full-year earnings is $0.86 per share. Wedbush also issued estimates for Cinemark's Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.56 EPS and Q4 2025 earnings at $0.58 EPS.
Cinemark (NYSE:CNK - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of ($0.21) by $0.40. The company had revenue of $579.00 million during the quarter, compared to analysts' expectations of $561.91 million. Cinemark had a return on equity of 69.48% and a net margin of 7.12%. Cinemark's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) earnings per share.
Several other research analysts have also recently weighed in on the stock. StockNews.com cut shares of Cinemark from a "hold" rating to a "sell" rating in a research note on Friday. The Goldman Sachs Group lowered their target price on Cinemark from $16.00 to $12.00 and set a "sell" rating on the stock in a research report on Thursday, January 11th. Benchmark restated a "buy" rating and issued a $23.00 price target on shares of Cinemark in a research report on Friday. Wells Fargo & Company raised Cinemark from an "underweight" rating to an "overweight" rating and lifted their price objective for the company from $13.00 to $23.00 in a research report on Friday, April 5th. Finally, Roth Mkm raised their target price on shares of Cinemark from $17.00 to $19.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $20.33.
Check Out Our Latest Stock Analysis on CNK
Cinemark Stock Performance
Shares of NYSE CNK traded down $0.70 during midday trading on Monday, hitting $17.02. 3,133,968 shares of the company's stock traded hands, compared to its average volume of 3,088,383. The company has a debt-to-equity ratio of 7.42, a quick ratio of 1.45 and a current ratio of 1.48. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 2.06 and a beta of 2.25. The firm has a fifty day moving average of $17.91 and a 200 day moving average of $15.85. Cinemark has a 1 year low of $13.19 and a 1 year high of $20.40.
Insider Transactions at Cinemark
In other news, insider Wanda Marie Gierhart sold 19,593 shares of the company's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $16.75, for a total transaction of $328,182.75. Following the sale, the insider now directly owns 179,591 shares of the company's stock, valued at approximately $3,008,149.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.30% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in CNK. NBC Securities Inc. purchased a new position in shares of Cinemark in the 3rd quarter worth approximately $74,000. DekaBank Deutsche Girozentrale bought a new position in Cinemark during the third quarter valued at $193,000. Algert Global LLC purchased a new stake in shares of Cinemark in the third quarter valued at $222,000. Virtu Financial LLC bought a new stake in shares of Cinemark in the 4th quarter worth about $192,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Cinemark in the 4th quarter worth about $210,000.
Cinemark Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Cinemark, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cinemark wasn't on the list.
While Cinemark currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
