Barrington Research Predicts Weaker Earnings for Cinemark

Cinemark Holdings, Inc. (NYSE:CNK) – Equities research analysts at Barrington Research cut their FY2025 earnings estimates for Cinemark in a note issued to investors on Monday, March 24th. Barrington Research analyst P. Sholl now anticipates that the company will post earnings per share of $1.29 for the year, down from their previous forecast of $1.38. Barrington Research has a “Outperform” rating and a $40.00 price objective on the stock. The consensus estimate for Cinemark’s current full-year earnings is $1.93 per share. Barrington Research also issued estimates for Cinemark’s FY2026 earnings at $1.89 EPS and FY2027 earnings at $2.05 EPS.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company cut their price target on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Benchmark cut their price objective on Cinemark from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Macquarie reissued an “outperform” rating and set a $35.00 target price on shares of Cinemark in a research note on Thursday, February 20th. Wedbush reaffirmed a “neutral” rating and issued a $32.00 price target on shares of Cinemark in a research note on Tuesday, February 18th. Finally, Morgan Stanley dropped their target price 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.70.

Cinemark Stock Performance

NYSE:CNK opened at $25.66 on Wednesday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.96 and a current ratio of 1.01. The stock’s fifty day moving average is $27.74 and its 200 day moving average is $29.47. The firm has a market capitalization of $3.14 billion, a PE ratio of 12.64 and a beta of 2.41. Cinemark has a fifty-two week low of $16.32 and a fifty-two week high of $36.28.

Cinemark (NYSE:CNK) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06). The company had revenue of $814.30 million during 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 company’s revenue was up 27.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.15) EPS.

Cinemark Announces Dividend

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

Insiders Place Their Bets

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of the business’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 completion of the transaction, the insider now directly owns 147,414 shares in the company, valued at approximately $3,980,178. The trade was a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Elequin Capital LP boosted its stake in Cinemark by 211.6% in the fourth quarter. Elequin Capital LP now owns 997 shares of the company’s stock valued at $31,000 after acquiring an additional 677 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Cinemark by 402.4% during the 4th quarter. Russell Investments Group Ltd. now owns 1,030 shares of the company’s stock valued at $32,000 after purchasing an additional 825 shares during the last quarter. Quarry LP boosted 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 worth $42,000 after purchasing an additional 1,308 shares in the last quarter. Aster Capital Management DIFC Ltd grew its stake in Cinemark by 380.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company’s stock worth $59,000 after buying an additional 1,501 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Cinemark during the 4th quarter valued at about $63,000.

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.