B. Riley Brokers Boost Earnings Estimates for Cinemark

Cinemark Holdings, Inc. (NYSE:CNK) – B. Riley lifted their Q4 2024 earnings estimates for Cinemark in a report issued on Thursday, October 31st. B. Riley analyst E. Wold now anticipates that the company will post earnings per share of $0.41 for the quarter, up from their prior forecast of $0.36. B. Riley currently has a “Neutral” rating and a $31.00 price target on the stock. The consensus estimate for Cinemark’s current full-year earnings is $1.50 per share. B. Riley also issued estimates for Cinemark’s Q2 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.71 EPS, FY2025 earnings at $1.83 EPS and FY2026 earnings at $1.97 EPS.

CNK has been the topic of several other reports. Barrington Research upgraded Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 target price on the stock in a research note on Thursday, October 31st. Wedbush cut shares of Cinemark from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. Roth Mkm raised their target price on shares of Cinemark from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. The Goldman Sachs Group boosted their price target on shares of Cinemark from $16.00 to $20.00 and gave the stock a “sell” rating in a research note on Thursday, September 19th. Finally, Morgan Stanley increased their price target on shares of Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.80.

Cinemark Stock Performance

Shares of CNK stock opened at $29.70 on Monday. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.96 and a current ratio of 0.98. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 2.00 and a beta of 2.35. Cinemark has a 52 week low of $13.19 and a 52 week high of $31.09. The firm’s 50-day simple moving average is $28.29 and its two-hundred day simple moving average is $23.39.

Cinemark (NYSE:CNK) last announced its earnings results on Thursday, October 31st. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.61. The firm had revenue of $921.80 million for the quarter, compared to the consensus estimate of $894.90 million. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 EPS.

Insider Transactions at Cinemark

In related news, insider Valmir Fernandes sold 25,000 shares of Cinemark stock in a transaction on Monday, August 19th. The shares were sold at an average price of $27.19, for a total value of $679,750.00. Following the sale, the insider now owns 204,729 shares in the company, valued at $5,566,581.51. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Cinemark

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Cinemark by 106.1% in the third quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock worth $56,000 after acquiring an additional 1,040 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in Cinemark by 38.7% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company’s stock worth $68,000 after acquiring an additional 877 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Cinemark in the third quarter valued at $77,000. 1620 Investment Advisors Inc. purchased a new position in Cinemark during the 2nd quarter valued at $79,000. Finally, CWM LLC increased its stake in Cinemark by 134.4% in the third quarter. CWM LLC now owns 2,993 shares of the company’s stock worth $83,000 after purchasing an additional 1,716 shares during the period.

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.