Cinemark (CNK) to Release Quarterly Earnings on Wednesday

Cinemark (NYSE:CNK) is expected to post its quarterly earnings results before the market opens on Wednesday, February 19th. Analysts expect Cinemark to post earnings of $0.39 per share and revenue of $797.18 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Cinemark Price Performance

Shares of CNK stock opened at $32.59 on Monday. The stock’s fifty day simple moving average is $30.55 and its 200 day simple moving average is $29.65. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.98 and a quick ratio of 0.96. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 21.02 and a beta of 2.38. Cinemark has a one year low of $15.70 and a one year high of $36.28.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. StockNews.com raised Cinemark from a “sell” rating to a “hold” rating in a research note on Sunday, November 10th. Wedbush lowered Cinemark from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Macquarie boosted their price objective on Cinemark from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of Cinemark in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. boosted their price objective on Cinemark from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.80.

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.