Cinemark (NYSE:CNK – Get Free Report) will be releasing its earnings data before the market opens on Thursday, October 31st. Analysts expect Cinemark to post earnings of $0.56 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Cinemark (NYSE:CNK – Get Free Report) last posted its earnings results on Friday, August 2nd. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.25. The firm had revenue of $734.20 million for the quarter, compared to analysts’ expectations of $691.74 million. Cinemark had a net margin of 5.05% and a return on equity of 41.87%. The company’s revenue was down 22.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. On average, analysts expect Cinemark to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Cinemark Price Performance
CNK stock opened at $29.67 on Wednesday. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 1.94 and a beta of 2.36. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 6.23. Cinemark has a 12-month low of $13.19 and a 12-month high of $30.10. The company’s fifty day simple moving average is $28.04 and its 200 day simple moving average is $22.89.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on Cinemark
Insider Activity at Cinemark
In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $27.19, for a total transaction of $679,750.00. Following the transaction, 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. 2.30% of the stock is owned by insiders.
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.
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