Barrington Research Forecasts Higher Earnings for Cinemark

Cinemark Holdings, Inc. (NYSE:CNK) – Stock analysts at Barrington Research lifted their FY2025 earnings per share (EPS) estimates for shares of Cinemark in a research report issued to clients and investors on Tuesday, April 15th. Barrington Research analyst P. Sholl now expects that the company will post earnings of $1.35 per share for the year, up from their previous forecast of $1.29. Barrington Research has a “Outperform” rating and a $40.00 price objective on the stock. The consensus estimate for Cinemark’s current full-year earnings is $1.93 per share. Barrington Research also issued estimates for Cinemark’s FY2026 earnings at $1.96 EPS and FY2027 earnings at $2.13 EPS.

Cinemark (NYSE:CNK) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06). The company had revenue of $814.30 million for the quarter, compared to analyst estimates of $797.18 million. Cinemark had a return on equity of 65.83% and a net margin of 10.16%. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same period last year, the company posted ($0.15) EPS.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company dropped their price target on Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Morgan Stanley dropped their target price on shares of Cinemark from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Macquarie reaffirmed an “outperform” rating and set a $35.00 price target on shares of Cinemark in a research report on Thursday, February 20th. Benchmark dropped their price objective on shares of Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. raised shares of Cinemark from a “neutral” rating to an “overweight” rating and raised their target price for the company from $30.00 to $34.00 in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Cinemark currently has an average rating of “Moderate Buy” and an average price target of $33.10.

Cinemark Trading Up 1.6 %

CNK stock opened at $28.47 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 3.28. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 14.02 and a beta of 2.07. The business has a fifty day simple moving average of $26.49 and a 200-day simple moving average of $29.20. Cinemark has a 52 week low of $16.32 and a 52 week high of $36.28.

Hedge Funds Weigh In On Cinemark

A number of institutional investors have recently made changes to their positions in CNK. Elequin Capital LP increased its stake in shares of Cinemark by 211.6% in the fourth quarter. Elequin Capital LP now owns 997 shares of the company’s stock worth $31,000 after buying an additional 677 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Cinemark by 402.4% during the 4th quarter. Russell Investments Group Ltd. now owns 1,030 shares of the company’s stock worth $32,000 after acquiring an additional 825 shares in the last quarter. Aster Capital Management DIFC Ltd increased its position in shares of Cinemark by 380.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company’s stock worth $59,000 after purchasing an additional 1,501 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Cinemark in the 4th quarter valued at about $63,000. Finally, Quarry LP lifted its position in shares of Cinemark by 41.8% during the fourth quarter. Quarry LP now owns 2,114 shares of the company’s stock worth $65,000 after purchasing an additional 623 shares during the last quarter.

Insider Buying and Selling

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $27.00, for a total transaction of $246,213.00. Following the completion of the sale, the insider now owns 147,414 shares in the company, valued at $3,980,178. This trade represents a 5.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by insiders.

Cinemark Announces Dividend

The company also recently declared a — dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, March 5th. Cinemark’s payout ratio is 15.76%.

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.