Barrington Research Reaffirms Outperform Rating for Cinemark (NYSE:CNK)

Barrington Research restated their outperform rating on shares of Cinemark (NYSE:CNK) in a research note issued to investors on Monday morning, Benzinga reports. They currently have a $24.00 target price on the stock. Barrington Research also issued estimates for Cinemark’s Q3 2024 earnings at $0.27 EPS, 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.

Other equities analysts have also recently issued reports about the company. Wedbush restated an outperform rating and set a $23.00 price objective on shares of Cinemark in a research note on Thursday, April 25th. Benchmark reissued a buy rating and issued a $23.00 price target on shares of Cinemark in a report on Friday, May 3rd. B. Riley boosted their price target 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. JPMorgan Chase & Co. increased their price objective on Cinemark from $17.00 to $19.00 and gave the stock a neutral rating in a research report on Monday, April 8th. Finally, The Goldman Sachs Group reduced their target price on Cinemark from $16.00 to $12.00 and set a sell rating for the company in a research report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $20.33.

Cinemark Stock Performance

Shares of Cinemark stock opened at $17.37 on Monday. The company’s 50 day moving average price is $17.94 and its two-hundred day moving average price is $15.87. The firm has a market capitalization of $2.13 billion, a P/E ratio of 11.98, a P/E/G ratio of 2.06 and a beta of 2.25. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.48 and a quick ratio of 1.45. Cinemark has a fifty-two week low of $13.19 and a fifty-two week high of $20.40.

Cinemark (NYSE:CNK) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.40. The firm had revenue of $579.00 million during the quarter, compared to analysts’ expectations of $561.91 million. Cinemark had a net margin of 7.12% and a return on equity of 69.48%. The company’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) EPS. On average, equities analysts forecast that Cinemark will post 0.86 earnings per share for the current fiscal year.

Insider Transactions at Cinemark

In other Cinemark 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 completion of the transaction, the insider now directly owns 179,591 shares of the company’s stock, valued at approximately $3,008,149.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.30% of the company’s stock.

Institutional Trading of Cinemark

Several institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC boosted its holdings in shares of Cinemark by 4.5% in the third quarter. Commonwealth Equity Services LLC now owns 320,879 shares of the company’s stock valued at $5,888,000 after purchasing an additional 13,720 shares during the period. First National Bank of Hutchinson raised its position in Cinemark by 1.4% during the 3rd quarter. First National Bank of Hutchinson now owns 69,853 shares of the company’s stock valued at $1,282,000 after purchasing an additional 989 shares in the last quarter. Mitchell Capital Management Co. lifted its holdings in shares of Cinemark by 0.4% in the 3rd quarter. Mitchell Capital Management Co. now owns 387,784 shares of the company’s stock worth $7,116,000 after buying an additional 1,470 shares during the period. Capula Management Ltd grew its position in shares of Cinemark by 53.4% during the 3rd quarter. Capula Management Ltd now owns 57,040 shares of the company’s stock worth $1,047,000 after buying an additional 19,860 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of Cinemark during the third quarter valued at $74,000.

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.