Q1 2022 EPS Estimates for Cinemark Holdings, Inc. Reduced by B. Riley (NYSE:CNK)

Cinemark Holdings, Inc. (NYSE:CNKGet Rating) – Research analysts at B. Riley lowered their Q1 2022 earnings estimates for Cinemark in a report released on Wednesday, April 13th. B. Riley analyst E. Wold now forecasts that the company will earn ($0.70) per share for the quarter, down from their prior estimate of ($0.60). B. Riley has a “Buy” rating and a $29.00 price target 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.

Other analysts have also recently issued reports about the company. Wells Fargo & Company cut their price objective on Cinemark from $24.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, February 28th. Wedbush reiterated an “outperform” rating and issued a $32.00 price target on shares of Cinemark in a research note on Tuesday, February 22nd. StockNews.com assumed coverage on Cinemark in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Barrington Research reduced their price target on Cinemark from $26.00 to $22.00 in a research report on Monday, March 7th. Finally, The Goldman Sachs Group decreased their target price on Cinemark from $15.40 to $13.60 and set a “sell” rating for the company in a research note on Monday, March 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.45.

NYSE:CNK opened at $17.02 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 7.71. The stock has a 50-day simple moving average of $16.83 and a 200 day simple moving average of $17.62. Cinemark has a 52-week low of $13.37 and a 52-week high of $25.20.

Cinemark (NYSE:CNKGet Rating) last issued its quarterly earnings results 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 analyst estimates of $598.07 million. Cinemark had a negative return on equity of 107.64% and a negative net margin of 27.99%. The firm’s revenue for the quarter 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.

Institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Cinemark in the 4th quarter worth $40,031,000. Invesco Ltd. grew its position in shares of Cinemark by 1,283.7% during the third quarter. Invesco Ltd. now owns 2,506,115 shares of the company’s stock valued at $48,143,000 after purchasing an additional 2,324,996 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Cinemark in the 3rd quarter valued at about $28,815,000. Cooper Creek Partners Management LLC bought a new position in shares of Cinemark in the 4th quarter valued at about $18,155,000. Finally, Marshall Wace LLP lifted its stake in Cinemark by 159.0% in the fourth quarter. Marshall Wace LLP now owns 1,523,738 shares of the company’s stock worth $24,564,000 after purchasing an additional 935,441 shares during the last quarter. 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.

Further Reading

Earnings History and Estimates for Cinemark (NYSE:CNK)

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