Cinemark (CNK) to Release Quarterly Earnings on Wednesday

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

Cinemark Stock Up 0.2 %

Shares of Cinemark stock opened at $32.59 on Monday. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 21.02 and a beta of 2.38. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.98 and a quick ratio of 0.96. Cinemark has a 52-week low of $15.70 and a 52-week high of $36.28. The stock has a 50-day simple moving average of $30.55 and a 200-day simple moving average of $29.65.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CNK shares. Wells Fargo & Company reduced their price target on Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Wedbush lowered Cinemark from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. Benchmark restated a “buy” rating and issued a $40.00 target price on shares of Cinemark in a report on Friday, January 10th. Barrington Research upgraded Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 target price for the company in a report on Thursday, October 31st. Finally, Macquarie boosted their target price on Cinemark from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.80.

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.