Cinemark Holdings, Inc. (NYSE:CNK – Get Rating) – Research analysts at B. Riley increased their Q2 2022 earnings per share estimates for shares of Cinemark in a report released on Wednesday, April 13th. B. Riley analyst E. Wold now anticipates that the company will post earnings per share of $0.22 for the quarter, up from their prior forecast of $0.21. B. Riley currently has a “Buy” rating and a $29.00 target price on the stock. B. Riley also issued estimates for Cinemark’s Q4 2022 earnings at $0.18 EPS, Q3 2023 earnings at $0.44 EPS and Q4 2023 earnings at $0.24 EPS.
CNK has been the subject of several other research reports. Morgan Stanley dropped their price objective on shares of Cinemark from $24.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 15th. Wells Fargo & Company lowered their price target on shares of Cinemark from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, February 28th. The Goldman Sachs Group lowered their price target on shares of Cinemark from $15.40 to $13.60 and set a “sell” rating for the company in a report on Monday, March 7th. Wedbush reaffirmed an “outperform” rating and set a $32.00 price target on shares of Cinemark in a report on Tuesday, February 22nd. Finally, Zacks Investment Research raised shares of Cinemark from a “sell” rating to a “hold” rating in a report on Wednesday, February 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.45.
Cinemark (NYSE:CNK – Get Rating) last announced its quarterly earnings data on Friday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.19. The business had revenue of $666.70 million for the quarter, compared to the consensus estimate of $598.07 million. Cinemark had a negative net margin of 27.99% and a negative return on equity of 107.64%. The company’s quarterly revenue was up 578.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($2.03) earnings per share.
A number of large investors have recently modified their holdings of the stock. Captrust Financial Advisors lifted its position in Cinemark by 7.6% in the 3rd quarter. Captrust Financial Advisors now owns 8,150 shares of the company’s stock valued at $157,000 after purchasing an additional 576 shares during the last quarter. Maryland State Retirement & Pension System lifted its position in Cinemark by 1.5% in the 1st quarter. Maryland State Retirement & Pension System now owns 43,065 shares of the company’s stock valued at $744,000 after purchasing an additional 620 shares during the last quarter. Creative Planning lifted its position in Cinemark by 6.8% in the 3rd quarter. Creative Planning now owns 10,335 shares of the company’s stock valued at $199,000 after purchasing an additional 655 shares during the last quarter. Versant Capital Management Inc bought a new stake in Cinemark in the 3rd quarter valued at about $28,000. Finally, Teacher Retirement System of Texas lifted its position in Cinemark by 10.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 16,191 shares of the company’s stock valued at $311,000 after purchasing an additional 1,542 shares during the last quarter. Hedge funds and other institutional investors own 91.25% of the company’s stock.
About Cinemark (Get Rating)
Cinemark Holdings, Inc is a holding company, which engages in the provision of motion picture exhibitions through its subsidiaries. It operates through the U.S. and International segments. The company was founded by Lee Roy Mitchell in 1984 and is headquartered in Plano, TX.
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