Q4 2024 Earnings Estimate for Cinemark Holdings, Inc. (NYSE:CNK) Issued By Wedbush

Cinemark Holdings, Inc. (NYSE:CNK) – Analysts at Wedbush raised their Q4 2024 EPS estimates for Cinemark in a note issued to investors on Thursday, May 2nd. Wedbush analyst A. Reese now anticipates that the company will post earnings of $0.49 per share for the quarter, up from their previous estimate of $0.47. Wedbush currently has a “Outperform” rating and a $23.00 target price on the stock. The consensus estimate for Cinemark’s current full-year earnings is $0.86 per share. Wedbush also issued estimates for Cinemark’s Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.56 EPS and Q4 2025 earnings at $0.58 EPS.

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.40. Cinemark had a return on equity of 69.48% and a net margin of 7.12%. The business had revenue of $579.00 million for the quarter, compared to analyst estimates of $561.91 million. During the same period in the prior year, the company earned ($0.03) earnings per share. The company’s revenue was down 5.2% on a year-over-year basis.

A number of other analysts have also weighed in on the stock. B. Riley increased their price objective on shares of Cinemark from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday. The Goldman Sachs Group reduced their price objective on Cinemark from $16.00 to $12.00 and set a “sell” rating for the company in a research note on Thursday, January 11th. Barrington Research restated an “outperform” rating and issued a $24.00 target price on shares of Cinemark in a research note on Monday. Roth Mkm lifted their price target on Cinemark from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company upgraded Cinemark from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $13.00 to $23.00 in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.33.

Cinemark Price Performance

Shares of NYSE:CNK opened at $17.02 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.45 and a debt-to-equity ratio of 7.42. Cinemark has a twelve month low of $13.19 and a twelve month high of $20.40. The company’s 50 day moving average is $17.93 and its 200 day moving average is $15.85. The company has a market cap of $2.08 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 2.06 and a beta of 2.25.

Insider Activity

In related news, insider Wanda Marie Gierhart sold 19,593 shares of Cinemark stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $16.75, for a total value of $328,182.75. Following the sale, the insider now owns 179,591 shares of the company’s stock, valued at approximately $3,008,149.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Cinemark

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mitchell Capital Management Co. lifted its position in shares of Cinemark by 3.0% in the first quarter. Mitchell Capital Management Co. now owns 395,801 shares of the company’s stock valued at $7,113,000 after acquiring an additional 11,443 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in Cinemark by 1.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 92,591 shares of the company’s stock valued at $1,664,000 after purchasing an additional 1,345 shares in the last quarter. Easterly Investment Partners LLC boosted its stake in Cinemark by 1.1% during the 1st quarter. Easterly Investment Partners LLC now owns 491,903 shares of the company’s stock worth $8,839,000 after purchasing an additional 5,236 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Cinemark by 7.7% during the first quarter. Commonwealth Equity Services LLC now owns 369,205 shares of the company’s stock worth $6,635,000 after buying an additional 26,335 shares in the last quarter. Finally, New York State Teachers Retirement System raised its position in shares of Cinemark by 2.3% in the first quarter. New York State Teachers Retirement System now owns 111,815 shares of the company’s stock valued at $2,009,000 after buying an additional 2,464 shares during the last quarter.

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.