Roth Capital Weighs in on Cinemark’s Q4 Earnings (NYSE:CNK)

Cinemark Holdings, Inc. (NYSE:CNK) – Analysts at Roth Capital lifted their Q4 2024 earnings per share (EPS) estimates for Cinemark in a research report issued to clients and investors on Wednesday, January 22nd. Roth Capital analyst E. Handler now forecasts that the company will post earnings of $0.37 per share for the quarter, up from their previous forecast of $0.34. The consensus estimate for Cinemark’s current full-year earnings is $2.05 per share.

Several other brokerages have also recently commented on CNK. JPMorgan Chase & Co. lifted their price objective on shares of Cinemark from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Wells Fargo & Company increased their price target on Cinemark from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Macquarie upped their target price on Cinemark from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Morgan Stanley raised their target price on Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Benchmark reissued a “buy” rating and issued a $40.00 price target on shares of Cinemark in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.80.

Cinemark Stock Performance

Shares of CNK opened at $29.46 on Friday. The stock has a 50-day moving average of $31.76 and a two-hundred day moving average of $28.59. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.96 and a current ratio of 0.98. The stock has a market cap of $3.61 billion, a P/E ratio of 19.01 and a beta of 2.40. Cinemark has a one year low of $13.45 and a one year high of $36.28.

Cinemark (NYSE:CNK) last issued its quarterly earnings results 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. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The business had revenue of $921.80 million for the quarter, compared to the consensus estimate of $894.90 million. During the same period in the prior year, the firm posted $0.61 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis.

Insiders Place Their Bets

In other news, insider Valmir Fernandes sold 25,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $32.68, for a total transaction of $817,000.00. Following the completion of the transaction, the insider now directly owns 179,729 shares in the company, valued at approximately $5,873,543.72. This represents a 12.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by insiders.

Institutional Trading of Cinemark

Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in Cinemark by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,914,708 shares of the company’s stock valued at $63,012,000 after buying an additional 148,076 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Cinemark during the second quarter worth about $435,000. Public Sector Pension Investment Board lifted its stake in Cinemark by 8.0% in the second quarter. Public Sector Pension Investment Board now owns 234,764 shares of the company’s stock valued at $5,076,000 after buying an additional 17,327 shares during the last quarter. Point72 DIFC Ltd purchased a new position in Cinemark during the 2nd quarter worth $144,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Cinemark by 38.7% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company’s stock worth $68,000 after buying an additional 877 shares during the last quarter.

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.