FY2025 Earnings Forecast for Cinemark Issued By Roth Capital

Cinemark Holdings, Inc. (NYSE:CNK) – Analysts at Roth Capital cut their FY2025 earnings estimates for shares of Cinemark in a research report issued on Thursday, February 20th. Roth Capital analyst E. Handler now anticipates that the company will post earnings per share of $2.16 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.

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

Several other brokerages have also recently commented on CNK. Wells Fargo & Company dropped their price target on Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Benchmark dropped their target price on shares of Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Morgan Stanley decreased their price target on shares of Cinemark from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Barrington Research reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Cinemark in a research note on Wednesday, February 19th. Finally, StockNews.com raised shares of Cinemark from a “sell” rating to a “hold” rating in a research note on Sunday, November 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cinemark has a consensus rating of “Moderate Buy” and an average target price of $32.70.

Cinemark Price Performance

NYSE:CNK opened at $26.72 on Monday. The stock has a 50 day moving average of $30.13 and a two-hundred day moving average of $29.82. Cinemark has a 12 month low of $16.04 and a 12 month high of $36.28. The firm has a market cap of $3.27 billion, a P/E ratio of 13.16 and a beta of 2.38. 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 Announces Dividend

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On Cinemark

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC raised its position in Cinemark by 134.4% in the third quarter. CWM LLC now owns 2,993 shares of the company’s stock valued at $83,000 after purchasing an additional 1,716 shares during the period. Creative Planning grew its stake in shares of Cinemark by 74.8% in the third quarter. Creative Planning now owns 20,907 shares of the company’s stock valued at $582,000 after buying an additional 8,946 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Cinemark in the 3rd quarter valued at $9,530,000. Assenagon Asset Management S.A. acquired a new position in Cinemark during the 3rd quarter worth about $12,133,000. Finally, Principal Financial Group Inc. lifted its stake in Cinemark by 18.8% during the 3rd quarter. Principal Financial Group Inc. now owns 629,782 shares of the company’s stock worth $17,533,000 after acquiring an additional 99,843 shares in the last quarter.

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.