Cinemark (CNK) Set to Announce Earnings on Thursday

Cinemark (NYSE:CNK - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect Cinemark to post earnings of ($0.22) per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Cinemark (NYSE:CNK - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $619.67 million. During the same quarter in the previous year, the firm posted ($0.82) earnings per share. The company's quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts expect Cinemark to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Cinemark Trading Down 1.3 %

CNK stock traded down $0.23 during trading on Thursday, reaching $17.48. 1,780,117 shares of the stock were exchanged, compared to its average volume of 3,085,094. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 2.11 and a beta of 2.27. The company has a current ratio of 1.45, a quick ratio of 1.42 and a debt-to-equity ratio of 7.73. The business has a 50 day moving average price of $17.75 and a 200-day moving average price of $15.86. Cinemark has a 1 year low of $13.19 and a 1 year high of $20.40.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Cinemark from $16.00 to $12.00 and set a "sell" rating on the stock in a research note on Thursday, January 11th. Benchmark restated a "buy" rating and set a $22.00 price objective on shares of Cinemark in a research note on Wednesday, April 10th. JPMorgan Chase & Co. upped their price target on shares of Cinemark from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. Wedbush restated an "outperform" rating and set a $23.00 price target on shares of Cinemark in a report on Thursday. Finally, Barrington Research reiterated an "outperform" rating and issued a $24.00 target price on shares of Cinemark in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Cinemark presently has an average rating of "Hold" and an average price target of $20.11.

Insiders Place Their Bets

In other Cinemark news, insider Wanda Marie Gierhart sold 19,593 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $16.75, for a total transaction of $328,182.75. Following the completion of the transaction, the insider now owns 179,591 shares in the company, valued at $3,008,149.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.30% of the company's stock.

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.