Cinemark (CNK) Scheduled to Post Earnings on Thursday

Cinemark (NYSE:CNK) is set to post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Cinemark to post earnings of ($0.22) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Cinemark (NYSE:CNK) last posted its quarterly earnings data on Friday, February 16th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $638.90 million for the quarter, compared to analysts’ expectations of $619.67 million. Cinemark had a return on equity of 72.91% and a net margin of 6.14%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.82) 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 opened at $17.54 on Tuesday. Cinemark has a 12-month low of $13.19 and a 12-month high of $20.40. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 7.73. The firm has a market capitalization of $2.13 billion, a P/E ratio of 14.26, a PEG ratio of 2.08 and a beta of 2.27. The stock has a fifty day moving average of $17.81 and a 200-day moving average of $15.82.

Insider Activity

In related news, insider Wanda Marie Gierhart sold 19,593 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $16.75, for a total transaction of $328,182.75. Following the completion of the transaction, the insider now owns 179,591 shares of the company’s stock, valued at approximately $3,008,149.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CNK has been the topic of several research analyst reports. The Goldman Sachs Group lowered their target price on Cinemark from $16.00 to $12.00 and set a “sell” rating on the stock in a research note on Thursday, January 11th. B. Riley downgraded shares of Cinemark from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $15.00 in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. raised their price objective on shares of Cinemark from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Wells Fargo & Company raised shares of Cinemark from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $13.00 to $23.00 in a research report on Friday, April 5th. Finally, Barrington Research restated an “outperform” rating and set a $24.00 price target on shares of Cinemark in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Cinemark has a consensus rating of “Hold” and a consensus target price of $20.11.

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.