1 week Ago By ABMN Staff
Cinemark Holdings, Inc. ( NYSE:CNK – Free Report ) – Equities researchers at Roth Capital upped their Q4 2024 earnings per share (EPS) estimates for shares of Cinemark in a report issued on Wednesday, January 22nd. Roth Capital analyst E.
Handler now anticipates that the company will post earnings of $0.37 per share for the quarter, up from their previous forecast of $0.34.
The consensus estimate for Cinemark’s current full-year earnings is $2.06 per share. A number of other equities research analysts also recently weighed in on the company.
Morgan Stanley lifted their target price on Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th.
JPMorgan Chase & Co. lifted their price objective on Cinemark from $25.00 to $29.
00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Roth Mkm upped their target price on Cinemark from $30.00 to $33.
00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Barrington Research raised Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 target price for the company in a research report on Thursday, October 31st.
Finally, Benchmark restated a “buy” rating and issued a $40.00 price objective on shares of Cinemark in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock.
According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.80. Cinemark Stock Performance NYSE:CNK opened at $29.
03 on Friday. The firm’s 50-day moving average is $31.65 and its 200-day moving average is $28.
70. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 18.
73 and a beta of 2.40. The company has a debt-to-equity ratio of 3.
46, a quick ratio of 0.96 and a current ratio of 0.98.
Cinemark has a 52-week low of $13.45 and a 52-week high of $36.28.
Cinemark ( NYSE:CNK – Get Free Report ) last announced its earnings results on Thursday, October 31st. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.
58 by $0.61. Cinemark had a net margin of 8.
36% and a return on equity of 60.21%. The business had revenue of $921.
80 million for the quarter, compared to analyst estimates of $894.90 million. During the same quarter in the previous year, the firm posted $0.
61 earnings per share. Cinemark’s revenue was up 5.4% compared to the same quarter last year.
Insider Activity at Cinemark In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of Cinemark stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $32.68, for a total value of $817,000.
00. Following the completion of the transaction, the insider now owns 179,729 shares in the company, valued at approximately $5,873,543.72.
The trade was a 12.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink .
2.30% of the stock is currently owned by insiders. Institutional Trading of Cinemark Hedge funds and other institutional investors have recently made changes to their positions in the business.
Maverick Capital Ltd. grew its holdings in Cinemark by 1,356.4% during the 3rd quarter.
Maverick Capital Ltd. now owns 1,517,771 shares of the company’s stock worth $42,255,000 after acquiring an additional 1,413,557 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Cinemark by 1,532.
5% during the third quarter. BNP Paribas Financial Markets now owns 650,227 shares of the company’s stock valued at $18,102,000 after purchasing an additional 610,398 shares during the last quarter. Assenagon Asset Management S.
A. acquired a new stake in shares of Cinemark in the third quarter valued at approximately $12,133,000. Hennessy Advisors Inc.
raised its position in Cinemark by 13.8% in the 4th quarter. Hennessy Advisors Inc.
now owns 1,989,300 shares of the company’s stock worth $61,629,000 after purchasing an additional 241,600 shares during the last quarter. Finally, Castellan Group acquired a new position in Cinemark during the 3rd quarter worth $6,130,000. About Cinemark ( Get Free Report ) 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. Featured Articles Receive News & Ratings for Cinemark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cinemark and related companies with MarketBeat.
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