Cinemark Holdings, Inc. (NYSE:CNK) Expected to Post Q4 2024 Earnings of $0.49 Per Share

Cinemark Holdings, Inc. (NYSE:CNK) – Stock analysts at Wedbush lifted their Q4 2024 earnings per share (EPS) estimates for Cinemark in a report issued on Thursday, May 2nd. Wedbush analyst A. Reese now forecasts that the company will post earnings of $0.49 per share for the quarter, up from their prior estimate of $0.47. Wedbush currently has a “Outperform” rating and a $23.00 target price on the stock. The consensus estimate for Cinemark’s current full-year earnings is $0.86 per share. Wedbush also issued estimates for Cinemark’s Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.56 EPS and Q4 2025 earnings at $0.58 EPS.

CNK has been the subject of several other reports. JPMorgan Chase & Co. increased their price objective on shares of Cinemark from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, April 8th. B. Riley lifted their price target on Cinemark from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday. The Goldman Sachs Group cut their price objective on Cinemark from $16.00 to $12.00 and set a “sell” rating for the company in a report on Thursday, January 11th. Roth Mkm raised their target price on Cinemark from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Finally, StockNews.com cut shares of Cinemark from a “hold” rating to a “sell” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.33.

Cinemark Stock Performance

CNK stock opened at $17.72 on Monday. The company has a 50-day simple moving average of $17.91 and a 200 day simple moving average of $15.85. The company has a market capitalization of $2.15 billion, a P/E ratio of 12.22, a PEG ratio of 2.09 and a beta of 2.25. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 7.15. Cinemark has a fifty-two week low of $13.19 and a fifty-two week high of $20.40.

Cinemark (NYSE:CNK) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.40. The company had revenue of $579.00 million during the quarter, compared to analyst estimates of $561.91 million. Cinemark had a return on equity of 69.48% and a net margin of 7.12%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) EPS.

Insider Activity

In related news, insider Wanda Marie Gierhart sold 19,593 shares of Cinemark stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $16.75, for a total value of $328,182.75. Following the transaction, the insider now owns 179,591 shares of the company’s stock, valued at approximately $3,008,149.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cinemark

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its holdings in shares of Cinemark by 30.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 288,058 shares of the company’s stock valued at $4,059,000 after purchasing an additional 67,851 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Cinemark by 17.0% during the fourth quarter. Federated Hermes Inc. now owns 696,859 shares of the company’s stock valued at $9,819,000 after buying an additional 101,272 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in Cinemark during the fourth quarter valued at $748,000. Schonfeld Strategic Advisors LLC lifted its stake in Cinemark by 276.6% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 189,074 shares of the company’s stock worth $3,470,000 after acquiring an additional 138,874 shares in the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new stake in Cinemark during the 4th quarter worth about $901,000.

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.