Cinemark (CNK) to Release Earnings on Wednesday

Cinemark (NYSE:CNK) is anticipated to announce its earnings results before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $793.43 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Cinemark Trading Up 0.8 %

CNK stock opened at $31.33 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 3.46. Cinemark has a 52-week low of $14.68 and a 52-week high of $36.28. The company’s 50-day simple moving average is $30.81 and its 200-day simple moving average is $29.39. The firm has a market cap of $3.83 billion, a P/E ratio of 20.21 and a beta of 2.38.

Analyst Ratings Changes

CNK has been the topic of several research analyst reports. Macquarie raised their price objective on Cinemark from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Benchmark reissued a “buy” rating and issued a $40.00 price target on shares of Cinemark in a research note on Friday, January 10th. Wedbush cut shares of Cinemark from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. Wells Fargo & Company dropped their target price on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of Cinemark from $29.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. One 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.com, Cinemark presently has a consensus rating of “Moderate Buy” and an average target price 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.