Cinemark Holdings, Inc. (NYSE:CNK) to Post Q2 2024 Earnings of ($0.10) Per Share, Roth Capital Forecasts

Cinemark Holdings, Inc. (NYSE:CNKFree Report) – Analysts at Roth Capital decreased their Q2 2024 EPS estimates for Cinemark in a research note issued on Wednesday, June 5th. Roth Capital analyst E. Handler now expects that the company will post earnings of ($0.10) per share for the quarter, down from their previous estimate of $0.21. The consensus estimate for Cinemark’s current full-year earnings is $1.10 per share. Roth Capital also issued estimates for Cinemark’s Q4 2024 earnings at $0.39 EPS and FY2025 earnings at $1.63 EPS.

Cinemark (NYSE:CNKGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.19 EPS for the quarter, topping 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 company had revenue of $579.00 million for the quarter, compared to analysts’ expectations of $561.91 million. During the same period last year, the firm earned ($0.03) EPS. Cinemark’s revenue for the quarter was down 5.2% compared to the same quarter last year.

A number of other equities research analysts have also recently commented on CNK. Roth Mkm raised their target price on shares of Cinemark from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. StockNews.com cut shares of Cinemark from a “hold” rating to a “sell” rating in a research note on Thursday, May 30th. Benchmark reiterated a “buy” rating and issued a $23.00 price target on shares of Cinemark in a research note on Friday, May 3rd. JPMorgan Chase & Co. boosted their price objective on Cinemark from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Barrington Research reiterated an “outperform” rating and set a $24.00 target price on shares of Cinemark in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.33.

Check Out Our Latest Stock Report on Cinemark

Cinemark Stock Up 2.5 %

NYSE CNK opened at $16.89 on Friday. Cinemark has a 52 week low of $13.19 and a 52 week high of $20.40. The company has a quick ratio of 1.45, a current ratio of 1.48 and a debt-to-equity ratio of 7.42. The company has a market capitalization of $2.07 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 1.52 and a beta of 2.27. The stock’s 50-day moving average price is $17.80 and its 200-day moving average price is $16.18.

Institutional Trading of Cinemark

Large investors have recently added to or reduced their stakes in the company. NBC Securities Inc. increased its position in Cinemark by 17.2% in the fourth quarter. NBC Securities Inc. now owns 4,764 shares of the company’s stock worth $67,000 after purchasing an additional 700 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Cinemark during the 4th quarter valued at about $192,000. DekaBank Deutsche Girozentrale bought a new position in shares of Cinemark in the 3rd quarter valued at about $193,000. Mackenzie Financial Corp purchased a new position in Cinemark in the fourth quarter worth about $210,000. Finally, Watershed Asset Management L.L.C. increased its stake in Cinemark by 6.2% during the fourth quarter. Watershed Asset Management L.L.C. now owns 15,658 shares of the company’s stock worth $221,000 after acquiring an additional 915 shares during the last quarter.

About Cinemark

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Cinemark (NYSE:CNK)

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