FY2025 Earnings Forecast for Cinemark Issued By Roth Capital

Cinemark Holdings, Inc. (NYSE:CNK) – Roth Capital reduced their FY2025 earnings per share (EPS) estimates for Cinemark in a research note issued on Thursday, February 20th. Roth Capital analyst E. Handler now forecasts that the company will post earnings of $2.16 per share for the year, down from their prior estimate of $2.29. The consensus estimate for Cinemark’s current full-year earnings is $1.93 per share.

A number of other analysts also recently issued reports on CNK. JPMorgan Chase & Co. decreased their price target on Cinemark from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Cinemark in a report on Wednesday, February 19th. Wells Fargo & Company dropped their price target on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Benchmark reduced their price objective on shares of Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Cinemark in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.70.

Cinemark Stock Performance

Shares of CNK stock opened at $26.72 on Monday. The company has a market cap of $3.27 billion, a P/E ratio of 13.16 and a beta of 2.38. The firm has a fifty day moving average price of $30.13 and a 200 day moving average price of $29.82. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 3.28. Cinemark has a 12 month low of $16.04 and a 12 month high of $36.28.

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

Institutional Trading of Cinemark

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNK. Elequin Capital LP increased its holdings in shares of Cinemark by 211.6% in the fourth quarter. Elequin Capital LP now owns 997 shares of the company’s stock valued at $31,000 after purchasing an additional 677 shares during the period. Russell Investments Group Ltd. grew its position in Cinemark by 402.4% in the 4th quarter. Russell Investments Group Ltd. now owns 1,030 shares of the company’s stock valued at $32,000 after buying an additional 825 shares during the last quarter. Quarry LP increased its stake in Cinemark by 714.8% in the 3rd quarter. Quarry LP now owns 1,491 shares of the company’s stock valued at $42,000 after buying an additional 1,308 shares during the period. Aster Capital Management DIFC Ltd raised its position in Cinemark by 380.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company’s stock worth $59,000 after buying an additional 1,501 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Cinemark in the 4th quarter worth $63,000.

Insiders Place Their Bets

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $27.00, for a total transaction of $246,213.00. Following the completion of the sale, the insider now owns 147,414 shares in the company, valued at approximately $3,980,178. This represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by insiders.

Cinemark Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, March 5th. Cinemark’s dividend payout ratio is currently 15.76%.

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.