Barrington Research Expects Reduced Earnings for Cinemark

Cinemark Holdings Inc (NYSE:CNK) – Equities research analysts at Barrington Research cut their Q3 2026 EPS estimates for shares of Cinemark in a report released on Monday, August 4th. Barrington Research analyst P. Sholl now forecasts that the company will post earnings of $0.66 per share for the quarter, down from their previous estimate of $0.79. Barrington Research currently has a “Outperform” rating and a $36.00 target price on the stock. The consensus estimate for Cinemark’s current full-year earnings is $1.93 per share.

Cinemark (NYSE:CNK) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.15). The business had revenue of $940.50 million during the quarter, compared to analyst estimates of $942.14 million. Cinemark had a return on equity of 59.16% and a net margin of 9.13%. The business’s revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS.

Several other equities research analysts also recently weighed in on CNK. Wells Fargo & Company decreased their target price on shares of Cinemark from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft started coverage on shares of Cinemark in a research report on Thursday, July 10th. They issued a “buy” rating and a $36.00 price target on the stock. B. Riley began coverage on shares of Cinemark in a research report on Friday, May 16th. They set a “neutral” rating and a $35.00 target price on the stock. Benchmark reiterated a “buy” rating and issued a $35.00 price target on shares of Cinemark in a report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Cinemark from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, May 5th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Cinemark presently has an average rating of “Moderate Buy” and a consensus target price of $33.67.

Cinemark Price Performance

Shares of CNK opened at $25.49 on Tuesday. Cinemark has a 1-year low of $23.12 and a 1-year high of $36.28. The stock has a market cap of $2.93 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 2.26 and a beta of 1.90. The firm has a fifty day moving average price of $30.38 and a 200 day moving average price of $29.01. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.91 and a quick ratio of 0.76.

Institutional Trading of Cinemark

A number of hedge funds and other institutional investors have recently made changes to their positions in CNK. Elequin Capital LP increased its stake in Cinemark by 211.6% in the 4th quarter. Elequin Capital LP now owns 997 shares of the company’s stock valued at $31,000 after buying an additional 677 shares during the period. Russell Investments Group Ltd. increased its position in shares of Cinemark by 402.4% during the 4th quarter. Russell Investments Group Ltd. now owns 1,030 shares of the company’s stock worth $32,000 after purchasing an additional 825 shares in the last quarter. Aster Capital Management DIFC Ltd raised its stake in shares of Cinemark by 380.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company’s stock worth $59,000 after acquiring an additional 1,501 shares during the last quarter. Quarry LP boosted its stake in shares of Cinemark by 41.8% in the 4th quarter. Quarry LP now owns 2,114 shares of the company’s stock valued at $65,000 after purchasing an additional 623 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Cinemark by 66.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,474 shares of the company’s stock valued at $105,000 after purchasing an additional 1,384 shares during the last quarter.

Insider Activity at Cinemark

In other news, insider Wanda Marie Gierhart sold 52,524 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $31.85, for a total value of $1,672,889.40. Following the completion of the transaction, the insider directly owned 94,890 shares in the company, valued at $3,022,246.50. This trade represents a 35.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Valmir Fernandes sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $33.01, for a total transaction of $825,250.00. Following the completion of the sale, the insider owned 130,612 shares in the company, valued at $4,311,502.12. The trade was a 16.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,724 shares of company stock valued at $2,724,435 in the last quarter. Insiders own 2.30% of the company’s stock.

Cinemark Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Thursday, May 29th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, May 29th. Cinemark’s dividend payout ratio is currently 17.49%.

About Cinemark

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.