Research Analysts Set Expectations for Cinemark Q1 Earnings

Cinemark Holdings, Inc. (NYSE:CNK - Free Report) - Research analysts at Wedbush lowered their Q1 2025 earnings estimates for shares of Cinemark in a report released on Thursday, May 1st. Wedbush analyst A. Reese now forecasts that the company will post earnings per share of ($0.20) for the quarter, down from their prior estimate of ($0.14). Wedbush currently has a "Neutral" rating and a $32.00 target price on the stock. The consensus estimate for Cinemark's current full-year earnings is $1.93 per share.

CNK has been the subject of a number of other reports. Wells Fargo & Company decreased their price target on Cinemark from $38.00 to $36.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. Morgan Stanley lowered their price target on Cinemark from $40.00 to $35.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. lifted their price objective on shares of Cinemark from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday. Benchmark dropped their target price on shares of Cinemark from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $36.00 price objective on shares of Cinemark in a research report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $32.80.

Cinemark Stock Up 1.3 %

CNK stock traded up $0.39 during mid-day trading on Monday, hitting $31.20. 2,954,364 shares of the company were exchanged, compared to its average volume of 3,010,409. The company has a market capitalization of $3.68 billion, a PE ratio of 15.37 and a beta of 1.91. The firm has a fifty day simple moving average of $26.58 and a 200 day simple moving average of $29.35. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 3.28. Cinemark has a twelve month low of $16.32 and a twelve month high of $36.28.

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 the consensus estimate of ($0.32). The company had revenue of $540.70 million during the quarter, compared to analysts' expectations of $604.62 million. Cinemark had a return on equity of 65.83% and a net margin of 10.16%. The business's revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 EPS.

Institutional Investors Weigh In On Cinemark

Several institutional investors have recently bought and sold shares of CNK. Arrowstreet Capital Limited Partnership boosted its stake in Cinemark by 100.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,104,552 shares of the company's stock valued at $127,159,000 after purchasing an additional 2,054,579 shares in the last quarter. Candlestick Capital Management LP increased its stake in Cinemark by 48.1% in the 4th quarter. Candlestick Capital Management LP now owns 4,931,618 shares of the company's stock worth $152,782,000 after purchasing an additional 1,601,537 shares in the last quarter. Simcoe Capital Management LLC acquired a new stake in Cinemark during the 4th quarter worth about $37,763,000. Man Group plc purchased a new stake in Cinemark during the fourth quarter valued at about $28,040,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Cinemark by 215.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,251,219 shares of the company's stock worth $31,143,000 after acquiring an additional 854,540 shares in the last quarter.

Insider Activity at Cinemark

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $27.00, for a total value of $246,213.00. Following the completion of the transaction, the insider now owns 147,414 shares of the company's stock, valued at approximately $3,980,178. This represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.10% of the stock is owned by insiders.

Cinemark Announces Dividend

The firm also recently disclosed a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.08 dividend. The ex-dividend date was Wednesday, March 5th. Cinemark's dividend payout ratio (DPR) is 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.