FY2024 Earnings Forecast for Cinemark Issued By Roth Capital

Cinemark Holdings, Inc. (NYSE:CNK) – Stock analysts at Roth Capital upped their FY2024 EPS estimates for shares of Cinemark in a research note issued to investors on Wednesday, January 22nd. Roth Capital analyst E. Handler now forecasts that the company will post earnings per share of $2.05 for the year, up from their prior forecast of $2.02. The consensus estimate for Cinemark’s current full-year earnings is $2.05 per share. Roth Capital also issued estimates for Cinemark’s Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.86 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $0.57 EPS, FY2025 earnings at $2.29 EPS and FY2026 earnings at $3.03 EPS.

Several other brokerages also recently weighed in on CNK. Barrington Research raised shares of Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 price target on the stock in a report on Thursday, October 31st. 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 report on Thursday, October 10th. JPMorgan Chase & Co. lifted their price target on shares of Cinemark from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, October 14th. StockNews.com raised shares of Cinemark from a “sell” rating to a “hold” rating in a report on Sunday, November 10th. Finally, Wedbush downgraded shares of Cinemark from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. One 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.80.

Cinemark Stock Performance

CNK opened at $29.46 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 3.46. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 19.01 and a beta of 2.40. The company’s 50 day moving average is $31.76 and its 200 day moving average is $28.59. Cinemark has a 12-month low of $13.45 and a 12-month high of $36.28.

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

Institutional Investors Weigh In On Cinemark

Several large investors have recently bought and sold shares of the business. R Squared Ltd bought a new stake in Cinemark in the fourth quarter worth $63,000. KBC Group NV increased its position in Cinemark by 470.1% in the fourth quarter. KBC Group NV now owns 16,920 shares of the company’s stock worth $524,000 after purchasing an additional 13,952 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Cinemark during the fourth quarter valued at $257,000. Capricorn Fund Managers Ltd bought a new position in Cinemark during the fourth quarter valued at $1,053,000. Finally, Hennessy Advisors Inc. increased its position in Cinemark by 13.8% during 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.

Insider Buying and Selling

In related news, insider Valmir Fernandes sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $32.68, for a total value of $817,000.00. Following the sale, the insider now owns 179,729 shares in the company, valued at approximately $5,873,543.72. The trade was a 12.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.30% of the stock is currently owned by company insiders.

About Cinemark

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.