B. Riley Research Analysts Cut Earnings Estimates for Cinemark Holdings, Inc. (NYSE:CNK)

Cinemark Holdings, Inc. (NYSE:CNKGet Rating) – Investment analysts at B. Riley dropped their Q1 2022 earnings per share estimates for shares of Cinemark in a research report issued to clients and investors on Wednesday, April 13th. B. Riley analyst E. Wold now forecasts that the company will post earnings of ($0.70) per share for the quarter, down from their prior forecast of ($0.60). B. Riley currently has a “Buy” rating and a $29.00 target price on the stock. B. Riley also issued estimates for Cinemark’s Q3 2022 earnings at $0.01 EPS, FY2022 earnings at ($0.28) EPS, Q1 2023 earnings at ($0.07) EPS and FY2023 earnings at $1.26 EPS.

Cinemark (NYSE:CNKGet Rating) last released its earnings results on Friday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.19. The business had revenue of $666.70 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company earned ($2.03) earnings per share.

Other equities research analysts have also recently issued reports about the stock. StockNews.com started coverage on shares of Cinemark in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. The Goldman Sachs Group lowered their price target on Cinemark from $15.40 to $13.60 and set a “sell” rating for the company in a research note on Monday, March 7th. Zacks Investment Research raised Cinemark from a “sell” rating to a “hold” rating in a research report on Wednesday, February 23rd. Wedbush reiterated an “outperform” rating and set a $32.00 price target on shares of Cinemark in a report on Tuesday, February 22nd. Finally, Wells Fargo & Company cut their target price on Cinemark from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, February 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $23.45.

Cinemark stock opened at $17.02 on Friday. The company has a fifty day moving average price of $16.83 and a two-hundred day moving average price of $17.62. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 7.71. Cinemark has a 12 month low of $13.37 and a 12 month high of $25.20.

Institutional investors have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Cinemark by 122.8% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 80,726 shares of the company’s stock worth $1,551,000 after purchasing an additional 44,487 shares during the last quarter. Twinbeech Capital LP bought a new position in Cinemark during the third quarter valued at $1,464,000. Dynamic Technology Lab Private Ltd grew its holdings in Cinemark by 401.5% during the third quarter. Dynamic Technology Lab Private Ltd now owns 67,761 shares of the company’s stock valued at $1,302,000 after purchasing an additional 54,249 shares during the period. Barclays PLC grew its holdings in Cinemark by 46.2% during the third quarter. Barclays PLC now owns 2,245,921 shares of the company’s stock valued at $43,144,000 after purchasing an additional 709,590 shares during the period. Finally, CIBC Asset Management Inc purchased a new stake in shares of Cinemark in the third quarter worth $249,000. Institutional investors own 91.25% of the company’s stock.

Cinemark Company Profile (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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Earnings History and Estimates for Cinemark (NYSE:CNK)

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