Cinemark (CNK) Scheduled to Post Earnings on Thursday

Cinemark (NYSE:CNK) is scheduled to be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect Cinemark to post earnings of ($0.22) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Cinemark (NYSE:CNK) last issued its earnings results on Friday, February 16th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). Cinemark had a return on equity of 72.91% and a net margin of 6.14%. The firm had revenue of $638.90 million during the quarter, compared to analyst estimates of $619.67 million. During the same period in the previous year, the company earned ($0.82) earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts expect Cinemark to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Cinemark Stock Performance

Shares of CNK stock opened at $17.72 on Thursday. The company has a debt-to-equity ratio of 7.73, a current ratio of 1.45 and a quick ratio of 1.42. Cinemark has a fifty-two week low of $13.19 and a fifty-two week high of $20.40. The stock’s 50-day moving average is $17.75 and its two-hundred day moving average is $15.86. The firm has a market cap of $2.15 billion, a P/E ratio of 14.41, a PEG ratio of 2.11 and a beta of 2.27.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CNK. Roth Mkm increased their price objective on Cinemark from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Wedbush increased their target price on Cinemark from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Barrington Research restated an “outperform” rating and set a $24.00 target price on shares of Cinemark in a research note on Monday. JPMorgan Chase & Co. increased their target price on Cinemark from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Finally, Benchmark reiterated a “buy” rating and issued a $22.00 price objective on shares of Cinemark in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.11.

Insiders Place Their Bets

In related news, insider Wanda Marie Gierhart sold 19,593 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $16.75, for a total transaction of $328,182.75. Following the completion of the transaction, the insider now owns 179,591 shares in the company, valued at approximately $3,008,149.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate 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.