Cinemark (CNK) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cinemark in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CNK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNK, but not buy additional shares or sell existing shares.
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9 equities research analysts have issued 1 year price targets for Cinemark's stock. Their CNK share price forecasts range from $12.50 to $22.00. On average, they expect the company's stock price to reach $17.83 in the next year. This suggests that the stock has a possible downside of 4.4%.
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Cinemark's stock was trading at $8.66 at the beginning of the year. Since then, CNK shares have increased by 115.5% and is now trading at $18.66.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
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Cinemark Holdings, Inc. (NYSE:CNK) announced its quarterly earnings results on Friday, May, 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.28) by $0.25. The firm earned $610.70 million during the quarter, compared to analyst estimates of $569.14 million. Cinemark had a negative net margin of 7.69% and a negative trailing twelve-month return on equity of 64.73%. Cinemark's quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.62) earnings per share.

ETFs with the largest weight of Cinemark (NYSE:CNK) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Invesco Dynamic Leisure and Entertainment ETF (PEJ), AI Powered Equity ETF (AIEQ), First Trust Small Cap Growth AlphaDEX Fund (FYC), iShares S&P Small-Cap 600 Value ETF (IJS), SPDR S&P 600 Small CapValue ETF (SLYV), Syntax Stratified SmallCap ETF (SSLY) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).

295 employees have rated Cinemark Chief Executive Officer Mark Zoradi on Glassdoor.com. Mark Zoradi has an approval rating of 73% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cinemark investors own include Pfizer (PFE), Carnival Co. & (CCL), AT&T (T), Wells Fargo & Company (WFC), AMC Entertainment (AMC), Southwest Airlines (LUV), Tesla (TSLA), Exxon Mobil (XOM), Delta Air Lines (DAL) and Intel (INTC).

Cinemark trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNK."

Cinemark's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (10.92%), Orbis Allan Gray Ltd (9.49%), Clal Insurance Enterprises Holdings Ltd (3.18%), Victory Capital Management Inc. (2.63%), FMR LLC (2.52%) and DLD Asset Management LP (0.00%). Insiders that own company stock include Enrique Senior, Michael Cavalier and Valmir Fernandes.
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Shares of CNK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CNK stock can currently be purchased for approximately $18.66.

Cinemark (NYSE:CNK) has a market capitalization of $2.27 billion and generates $2.45 billion in revenue each year. The company earns $-271,200,000.00 in net income (profit) each year or ($1.66) on an earnings per share basis.

The company employs 26,100 workers across the globe.

Cinemark's mailing address is 3900 DALLAS PARKWAY, PLANO TX, 75093. The official website for the company is www.cinemark.com. The company can be reached via phone at (972) 665-1000, via email at investors@cinemark.com, or via fax at 972-665-1008.