Cinemark FY2024 EPS Estimate Raised by Barrington Research

Cinemark Holdings, Inc. (NYSE:CNK) – Equities research analysts at Barrington Research increased their FY2024 earnings per share (EPS) estimates for shares of Cinemark in a research report issued on Friday, January 31st. Barrington Research analyst P. Sholl now forecasts that the company will post earnings of $2.04 per share for the year, up from their previous forecast of $2.02. Barrington Research currently has a “Outperform” rating and a $36.00 target price on the stock. The consensus estimate for Cinemark’s current full-year earnings is $2.06 per share. Barrington Research also issued estimates for Cinemark’s Q4 2024 earnings at $0.35 EPS, Q2 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.60 EPS, FY2025 earnings at $1.79 EPS, Q1 2026 earnings at $0.15 EPS, Q2 2026 earnings at $0.94 EPS, Q3 2026 earnings at $0.89 EPS and FY2026 earnings at $2.62 EPS.

Other research analysts also recently issued research reports about the stock. Benchmark reiterated a “buy” rating and issued a $40.00 price objective on shares of Cinemark in a research report on Friday, January 10th. Wells Fargo & Company dropped their price objective on Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their target price on Cinemark from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday. Roth Mkm lifted their price target on shares of Cinemark from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Morgan Stanley boosted their price target on shares of Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $32.80.

Cinemark Stock Performance

CNK opened at $28.62 on Monday. The stock has a market cap of $3.50 billion, a P/E ratio of 18.46 and a beta of 2.40. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.98 and a quick ratio of 0.96. The firm has a fifty day moving average price of $31.27 and a 200 day moving average price of $29.02. Cinemark has a 1 year low of $13.45 and a 1 year high of $36.28.

Cinemark (NYSE:CNK) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.58 by $0.61. The business had revenue of $921.80 million for the quarter, compared to analyst estimates of $894.90 million. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS.

Insider Activity at Cinemark

In other news, insider Valmir Fernandes sold 25,000 shares of Cinemark stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $32.68, for a total transaction of $817,000.00. Following the transaction, the insider now owns 179,729 shares in the company, valued at $5,873,543.72. The trade was a 12.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cinemark

A number of hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Cinemark by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,449,567 shares of the company’s stock valued at $68,209,000 after purchasing an additional 25,857 shares during the last quarter. Hennessy Advisors Inc. lifted its holdings in Cinemark by 13.8% in the fourth quarter. Hennessy Advisors Inc. now owns 1,989,300 shares of the company’s stock valued at $61,629,000 after acquiring an additional 241,600 shares during the last quarter. Maverick Capital Ltd. grew its position in Cinemark by 1,356.4% in the third quarter. Maverick Capital Ltd. now owns 1,517,771 shares of the company’s stock worth $42,255,000 after acquiring an additional 1,413,557 shares during the period. Royal London Asset Management Ltd. increased its stake in Cinemark by 2.4% during the third quarter. Royal London Asset Management Ltd. now owns 1,264,614 shares of the company’s stock worth $35,207,000 after acquiring an additional 29,275 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Cinemark by 5.2% in the fourth quarter. Principal Financial Group Inc. now owns 662,790 shares of the company’s stock valued at $20,533,000 after purchasing an additional 33,008 shares during the period.

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.