Cinemark (CNK) Scheduled to Post Earnings on Thursday

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

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Friday, February 16th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The business had revenue of $638.90 million during the quarter, compared to analyst estimates of $619.67 million. Cinemark had a net margin of 6.14% and a return on equity of 72.91%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.82) EPS. On average, analysts expect Cinemark to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Cinemark Trading Down 0.6 %

Shares of CNK stock opened at $17.72 on Thursday. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.42 and a current ratio of 1.45. The stock has a market capitalization of $2.15 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 2.11 and a beta of 2.27. The company has a 50 day moving average price of $17.75 and a 200 day moving average price of $15.86. Cinemark has a fifty-two week low of $13.19 and a fifty-two week high of $20.40.

Insider Activity

In related news, insider Wanda Marie Gierhart sold 19,593 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $16.75, for a total value of $328,182.75. Following the completion of the sale, the insider now owns 179,591 shares in the company, valued at approximately $3,008,149.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

CNK has been the subject of several analyst reports. Roth Mkm boosted their price target on shares of Cinemark from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their price target on shares of Cinemark from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. B. Riley cut shares of Cinemark from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $23.00 to $15.00 in a report on Tuesday, January 2nd. Wedbush boosted their price target on shares of Cinemark from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Finally, Benchmark restated a “buy” rating and issued a $22.00 target price on shares of Cinemark in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently 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.