Barrington Research Lifts Earnings Estimates for Cinemark

Cinemark Holdings, Inc. (NYSE:CNK) – Barrington Research increased their FY2024 earnings per share estimates for Cinemark in a research report issued to clients and investors on Friday, January 31st. Barrington Research analyst P. Sholl now anticipates that the company will post earnings of $2.04 per share for the year, up from their previous estimate of $2.02. Barrington Research has a “Outperform” rating and a $36.00 price objective on the stock. The consensus estimate for Cinemark’s current full-year earnings is $2.09 per share. Barrington Research also issued estimates for Cinemark’s Q4 2024 earnings at $0.35 EPS, Q2 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.60 EPS, FY2025 earnings at $1.79 EPS, Q1 2026 earnings at $0.15 EPS, Q2 2026 earnings at $0.94 EPS, Q3 2026 earnings at $0.89 EPS and FY2026 earnings at $2.62 EPS.

A number of other analysts have also weighed in on the stock. StockNews.com raised shares of Cinemark from a “sell” rating to a “hold” rating in a report on Sunday, November 10th. Wells Fargo & Company reduced their price target on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Wedbush cut shares of Cinemark from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. Benchmark reissued a “buy” rating and set a $40.00 price target on shares of Cinemark in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Cinemark from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Cinemark presently has an average rating of “Moderate Buy” and an average price target of $32.80.

Cinemark Trading Up 1.3 %

Shares of CNK opened at $29.52 on Monday. Cinemark has a fifty-two week low of $13.45 and a fifty-two week high of $36.28. The firm has a market cap of $3.61 billion, a P/E ratio of 19.05 and a beta of 2.38. 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 business has a 50-day moving average of $31.12 and a 200 day moving average of $29.13.

Insider Transactions at Cinemark

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $32.68, for a total transaction of $817,000.00. Following the sale, the insider now owns 179,729 shares of the company’s stock, valued at approximately $5,873,543.72. This trade represents a 12.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Cinemark

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNK. Natixis Advisors LLC lifted its holdings in shares of Cinemark by 2.9% during the 3rd quarter. Natixis Advisors LLC now owns 20,638 shares of the company’s stock valued at $575,000 after purchasing an additional 583 shares during the last quarter. GAMMA Investing LLC increased its position in Cinemark by 44.9% during the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $91,000 after buying an additional 906 shares in the last quarter. Quarry LP raised its position in shares of Cinemark by 714.8% in the 3rd quarter. Quarry LP now owns 1,491 shares of the company’s stock valued at $42,000 after purchasing an additional 1,308 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of Cinemark by 4.4% in the fourth quarter. New York State Common Retirement Fund now owns 35,628 shares of the company’s stock worth $1,104,000 after buying an additional 1,501 shares during the last quarter. Finally, CWM LLC raised its stake in Cinemark by 134.4% in the 3rd quarter. CWM LLC now owns 2,993 shares of the company’s stock worth $83,000 after acquiring an additional 1,716 shares during the last quarter.

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.