Barrington Research Reduces Earnings Estimates for Cinemark

Cinemark Holdings, Inc. (NYSE:CNK) – Investment analysts at Barrington Research reduced their FY2025 earnings per share (EPS) estimates for Cinemark in a research note issued on Monday, March 24th. Barrington Research analyst P. Sholl now anticipates that the company will post earnings of $1.29 per share for the year, down from their prior forecast of $1.38. Barrington Research currently has a “Outperform” rating and a $40.00 target price on the stock. The consensus estimate for Cinemark’s current full-year earnings is $1.93 per share. Barrington Research also issued estimates for Cinemark’s FY2026 earnings at $1.89 EPS and FY2027 earnings at $2.05 EPS.

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

CNK has been the topic of a number of other research reports. Macquarie reissued an “outperform” rating and issued a $35.00 price target on shares of Cinemark in a research note on Thursday, February 20th. Benchmark reduced their target price on Cinemark from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Wedbush reiterated a “neutral” rating and issued a $32.00 price target on shares of Cinemark in a research report on Tuesday, February 18th. Wells Fargo & Company decreased their price objective on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Finally, Morgan Stanley lowered their target price on shares of Cinemark from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.70.

Cinemark Trading Down 1.3 %

Shares of NYSE CNK opened at $25.71 on Wednesday. Cinemark has a fifty-two week low of $16.32 and a fifty-two week high of $36.28. The firm has a market capitalization of $3.14 billion, a P/E ratio of 12.67 and a beta of 2.41. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.01 and a quick ratio of 0.96. The company’s 50 day simple moving average is $27.62 and its 200 day simple moving average is $29.42.

Cinemark Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, March 5th. Cinemark’s dividend payout ratio is 15.76%.

Insider Activity

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $27.00, for a total value of $246,213.00. Following the completion of the sale, the insider now owns 147,414 shares of the company’s stock, valued at approximately $3,980,178. This represents a 5.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of Cinemark

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

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.