Barrington Research Lifts Earnings Estimates for Cinemark

Cinemark Holdings, Inc. (NYSE:CNK) – Investment analysts at Barrington Research raised their FY2024 earnings per share estimates for Cinemark in a report issued on Monday, November 4th. Barrington Research analyst J. Goss now anticipates that the company will post earnings of $2.02 per share for the year, up from their prior estimate of $1.42. Barrington Research currently has a “Outperform” rating and a $36.00 price target on the stock. The consensus estimate for Cinemark’s current full-year earnings is $1.50 per share. Barrington Research also issued estimates for Cinemark’s Q3 2025 earnings at $0.89 EPS, FY2025 earnings at $1.98 EPS, Q2 2026 earnings at $0.87 EPS, Q3 2026 earnings at $0.95 EPS and FY2026 earnings at $2.54 EPS.

Cinemark (NYSE:CNK) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.61. The firm had revenue of $921.80 million for the quarter, compared to analyst estimates of $894.90 million. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 EPS.

CNK has been the subject of a number of other research reports. StockNews.com downgraded shares of Cinemark from a “hold” rating to a “sell” rating in a research report on Saturday, November 2nd. B. Riley cut Cinemark from a “buy” rating to a “neutral” rating and set a $31.00 price target for the company. in a report on Tuesday, August 27th. The Goldman Sachs Group upped their price objective on Cinemark from $16.00 to $20.00 and gave the company a “sell” rating in a research note on Thursday, September 19th. Wells Fargo & Company lifted their target price on Cinemark from $31.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Macquarie increased their price target on Cinemark from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.80.

Cinemark Price Performance

Shares of CNK opened at $30.75 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 3.46. The company’s fifty day simple moving average is $28.36 and its 200 day simple moving average is $23.44. Cinemark has a 1-year low of $13.19 and a 1-year high of $31.09. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 2.00 and a beta of 2.35.

Institutional Investors Weigh In On Cinemark

Several institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in shares of Cinemark by 106.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock valued at $56,000 after acquiring an additional 1,040 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in 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 purchasing an additional 877 shares during the period. USA Financial Formulas acquired a new stake in Cinemark during the third quarter worth about $77,000. 1620 Investment Advisors Inc. bought a new position in Cinemark in the 2nd quarter valued at about $79,000. Finally, CWM LLC increased its holdings in Cinemark by 134.4% in the 3rd quarter. CWM LLC now owns 2,993 shares of the company’s stock valued at $83,000 after buying an additional 1,716 shares during the period.

Insiders Place Their Bets

In other news, insider Valmir Fernandes sold 25,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $27.19, for a total value of $679,750.00. Following the completion of the sale, the insider now owns 204,729 shares of the company’s stock, valued at approximately $5,566,581.51. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.30% of the company’s stock.

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.