Cinemark (NYSE:CNK) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Cinemark (NYSE:CNK) issued its quarterly earnings data on Wednesday. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06), Zacks reports. Cinemark had a return on equity of 60.21% and a net margin of 8.36%.

Cinemark Trading Up 1.6 %

Cinemark stock opened at $33.10 on Wednesday. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 21.35 and a beta of 2.38. Cinemark has a 1 year low of $15.74 and a 1 year high of $36.28. The firm’s 50 day moving average price is $30.54 and its two-hundred day moving average price is $29.72. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.96 and a current ratio of 0.98.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CNK shares. Barrington Research raised Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 price target for the company in a research note on Thursday, October 31st. Wedbush reissued a “neutral” rating and set a $32.00 target price on shares of Cinemark in a research note on Tuesday. Macquarie boosted their price target on shares of Cinemark from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Benchmark reiterated a “buy” rating and issued a $40.00 price objective on shares of Cinemark in a report on Friday, January 10th. Finally, StockNews.com raised Cinemark from a “sell” rating to a “hold” rating in a report on Sunday, November 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.80.

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.