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

Cinemark (NYSE:CNK) issued its quarterly earnings data on Wednesday. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06), Zacks reports. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The firm had revenue of $814.30 million during the quarter, compared to the consensus estimate of $797.18 million. During the same period in the previous year, the firm earned ($0.15) EPS. The business’s revenue was up 27.5% on a year-over-year basis.

Cinemark Stock Performance

NYSE CNK opened at $28.53 on Thursday. The business has a 50-day moving average price of $30.44 and a 200-day moving average price of $29.76. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 18.41 and a beta of 2.38. Cinemark has a twelve month low of $15.74 and a twelve month high of $36.28. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 3.46.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wedbush restated a “neutral” rating and set a $32.00 price target on shares of Cinemark in a research note on Tuesday. Macquarie lifted their price target on shares of Cinemark from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. StockNews.com upgraded Cinemark from a “sell” rating to a “hold” rating in a research note on Sunday, November 10th. Wells Fargo & Company lowered their target price on 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. upped their price target on Cinemark from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $33.20.

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.