Q3 2024 EPS Estimates for Cinemark Holdings, Inc. Boosted by Barrington Research (NYSE:CNK)

Cinemark Holdings, Inc. (NYSE:CNK) – Research analysts at Barrington Research upped their Q3 2024 earnings per share estimates for Cinemark in a research report issued to clients and investors on Monday, May 6th. Barrington Research analyst J. Goss now anticipates that the company will post earnings per share of $0.27 for the quarter, up from their previous forecast of $0.18. Barrington Research currently has a “Outperform” rating and a $24.00 target price on the stock. The consensus estimate for Cinemark’s current full-year earnings is $0.86 per share. Barrington Research also issued estimates for Cinemark’s FY2024 earnings at $0.84 EPS, Q3 2025 earnings at $0.49 EPS, FY2025 earnings at $1.35 EPS, Q1 2026 earnings at $0.17 EPS and FY2026 earnings at $1.76 EPS.

Several other research firms have also recently issued reports on CNK. Benchmark reiterated a “buy” rating and set a $23.00 target price on shares of Cinemark in a research report on Friday, May 3rd. B. Riley lifted their price objective on shares of Cinemark from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. The Goldman Sachs Group dropped their target price on shares of Cinemark from $16.00 to $12.00 and set a “sell” rating for the company in a research report on Thursday, January 11th. StockNews.com downgraded shares of Cinemark from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. Finally, Wells Fargo & Company raised shares of Cinemark from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $13.00 to $23.00 in a report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.33.

Cinemark Trading Up 2.2 %

Shares of CNK stock opened at $17.38 on Wednesday. The stock has a fifty day simple moving average of $17.94 and a two-hundred day simple moving average of $15.86. Cinemark has a 52-week low of $13.19 and a 52-week high of $20.40. The firm has a market capitalization of $2.13 billion, a PE ratio of 11.99, a PEG ratio of 2.06 and a beta of 2.25. The company has a debt-to-equity ratio of 7.42, a quick ratio of 1.45 and a current ratio of 1.48.

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

Insider Activity

In related news, insider Wanda Marie Gierhart sold 19,593 shares of Cinemark stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $16.75, for a total value of $328,182.75. Following the completion of the transaction, the insider now owns 179,591 shares in the company, valued at $3,008,149.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CNK. NBC Securities Inc. lifted its holdings in shares of Cinemark by 17.2% in the 4th quarter. NBC Securities Inc. now owns 4,764 shares of the company’s stock worth $67,000 after acquiring an additional 700 shares during the last quarter. Watershed Asset Management L.L.C. raised its position in Cinemark by 6.2% in the 4th quarter. Watershed Asset Management L.L.C. now owns 15,658 shares of the company’s stock worth $221,000 after purchasing an additional 915 shares during the period. Los Angeles Capital Management LLC lifted its stake in Cinemark by 1.7% in the third quarter. Los Angeles Capital Management LLC now owns 58,368 shares of the company’s stock worth $1,071,000 after purchasing an additional 967 shares during the last quarter. First National Bank of Hutchinson raised its holdings in shares of Cinemark by 1.4% in the third quarter. First National Bank of Hutchinson now owns 69,853 shares of the company’s stock worth $1,282,000 after buying an additional 989 shares during the period. Finally, Natixis Advisors L.P. lifted its stake in shares of Cinemark by 5.9% during the 3rd quarter. Natixis Advisors L.P. now owns 22,210 shares of the company’s stock worth $408,000 after acquiring an additional 1,241 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.