Cinemark (NYSE:CNK) Releases Quarterly Earnings Results

Cinemark (NYSE:CNK) posted its earnings results on Wednesday. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06), Zacks reports. Cinemark had a return on equity of 65.83% and a net margin of 10.16%. The firm had revenue of $814.30 million for the quarter, compared to the consensus estimate of $797.18 million. During the same period in the prior year, the business earned ($0.15) EPS. Cinemark’s quarterly revenue was up 27.5% compared to the same quarter last year.

Cinemark Price Performance

Shares of CNK traded up $0.31 during mid-day trading on Friday, reaching $28.10. 586,743 shares of the stock traded hands, compared to its average volume of 2,750,457. The firm has a fifty day moving average price of $30.33 and a 200 day moving average price of $29.75. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 13.82 and a beta of 2.38. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 3.87. Cinemark has a 1 year low of $15.74 and a 1 year high of $36.28.

Cinemark Announces Dividend

The company also recently declared a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, March 5th.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CNK shares. Macquarie reissued an “outperform” rating and set a $35.00 target price on shares of Cinemark in a research report on Thursday. StockNews.com upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a research note on Sunday, November 10th. Benchmark decreased their price target on shares of Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday. Barrington Research restated an “outperform” rating and set a $40.00 price target on shares of Cinemark in a research note on Wednesday. Finally, Wells Fargo & Company decreased their price target on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.70.

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.