Barrington Research Boosts Earnings Estimates for Cinemark

Cinemark Holdings, Inc. (NYSE:CNK) – Barrington Research increased their FY2025 earnings per share estimates for Cinemark in a report released on Tuesday, April 15th. Barrington Research analyst P. Sholl now anticipates that the company will post earnings per share of $1.35 for the year, up from their prior estimate of $1.29. Barrington Research currently has a “Outperform” rating and a $40.00 target price on the stock. The consensus estimate for Cinemark’s current full-year earnings is $1.93 per share. Barrington Research also issued estimates for Cinemark’s FY2026 earnings at $1.96 EPS and FY2027 earnings at $2.13 EPS.

Cinemark (NYSE:CNK) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.06). Cinemark had a net margin of 10.16% and a return on equity of 65.83%. The firm had revenue of $814.30 million during the quarter, compared to analyst estimates of $797.18 million. During the same period last year, the business earned ($0.15) EPS. The firm’s revenue was up 27.5% compared to the same quarter last year.

CNK has been the subject of a number of other reports. Macquarie reissued an “outperform” rating and issued a $35.00 price objective on shares of Cinemark in a research report on Thursday, February 20th. Morgan Stanley reduced their price target on Cinemark from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. upgraded Cinemark from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $30.00 to $34.00 in a report on Friday, April 11th. Benchmark reduced their target price on Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, Wedbush restated a “neutral” rating and issued a $32.00 price target on shares of Cinemark in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.10.

Cinemark Price Performance

CNK opened at $28.47 on Thursday. Cinemark has a twelve month low of $16.32 and a twelve month high of $36.28. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 14.02 and a beta of 2.07. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 3.28. The company has a fifty day simple moving average of $26.55 and a 200 day simple moving average of $29.20.

Cinemark Announces Dividend

The firm also recently announced a — dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, March 5th. Cinemark’s payout ratio is 15.76%.

Insiders Place Their Bets

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of Cinemark stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $27.00, for a total value of $246,213.00. Following the completion of the transaction, the insider now directly owns 147,414 shares in the company, valued at $3,980,178. The trade was a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of Cinemark

Several hedge funds have recently made changes to their positions in CNK. Arrowstreet Capital Limited Partnership grew its stake in Cinemark by 100.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,104,552 shares of the company’s stock worth $127,159,000 after buying an additional 2,054,579 shares during the last quarter. Candlestick Capital Management LP boosted its holdings in shares of Cinemark by 48.1% during the fourth quarter. Candlestick Capital Management LP now owns 4,931,618 shares of the company’s stock valued at $152,782,000 after acquiring an additional 1,601,537 shares during the period. Simcoe Capital Management LLC bought a new position in shares of Cinemark during the fourth quarter worth about $37,763,000. Man Group plc acquired a new stake in shares of Cinemark in the 4th quarter worth about $28,040,000. Finally, Assenagon Asset Management S.A. lifted its position in Cinemark by 215.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,251,219 shares of the company’s stock valued at $31,143,000 after purchasing an additional 854,540 shares during the last quarter.

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.