Roth Capital Equities Analysts Lift Earnings Estimates for Cinemark Holdings, Inc. (NYSE:CNK)

Cinemark Holdings, Inc. (NYSE:CNK) – Roth Capital lifted their Q3 2024 earnings per share estimates for shares of Cinemark in a report issued on Monday, August 5th. Roth Capital analyst E. Handler now anticipates that the company will post earnings per share of $0.44 for the quarter, up from their previous forecast of $0.43. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Cinemark’s current full-year earnings is $1.08 per share. Roth Capital also issued estimates for Cinemark’s FY2024 earnings at $1.33 EPS.

Several other research analysts also recently commented on CNK. Roth Mkm raised their price objective on Cinemark from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Monday. Macquarie lifted their price target on Cinemark from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Tuesday, July 9th. Benchmark reiterated a “buy” rating and issued a $23.00 price target on shares of Cinemark in a report on Monday, July 1st. StockNews.com upgraded Cinemark from a “sell” rating to a “hold” rating in a report on Monday. Finally, B. Riley lifted their price target on Cinemark from $27.00 to $31.00 and gave the company a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.60.

Cinemark Trading Down 0.2 %

CNK opened at $25.97 on Wednesday. The stock’s fifty day moving average is $20.70 and its two-hundred day moving average is $18.34. The company has a market capitalization of $3.18 billion, a P/E ratio of 17.91, a PEG ratio of 2.14 and a beta of 2.36. Cinemark has a 52 week low of $13.19 and a 52 week high of $26.46. The company has a quick ratio of 1.45, a current ratio of 1.48 and a debt-to-equity ratio of 7.42.

Cinemark (NYSE:CNK) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.07 by $0.25. The company had revenue of $734.20 million for the quarter, compared to the consensus estimate of $691.74 million. Cinemark had a return on equity of 69.48% and a net margin of 7.12%. Cinemark’s quarterly revenue was down 22.1% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS.

Institutional Trading of Cinemark

Institutional investors have recently made changes to their positions in the business. NBC Securities Inc. boosted its position in shares of Cinemark by 17.2% in the 4th quarter. NBC Securities Inc. now owns 4,764 shares of the company’s stock worth $67,000 after purchasing an additional 700 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Cinemark during the 2nd quarter worth about $79,000. Fifth Third Bancorp lifted its position in Cinemark by 414.4% during the 2nd quarter. Fifth Third Bancorp now owns 4,480 shares of the company’s stock worth $97,000 after acquiring an additional 3,609 shares during the period. Virtu Financial LLC acquired a new stake in Cinemark during the 4th quarter worth about $192,000. Finally, First Dallas Securities Inc. acquired a new stake in Cinemark during the 2nd quarter worth about $208,000.

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.