After finishing at $18.03 in the prior trading day, Cinemark Holdings Inc (NYSE: CNK) closed at $17.88, down -0.83%. In other words, the price has decreased by -$0.15 from its previous closing price. On the day, 3476180 shares were traded.
Ratios:
Our goal is to gain a better understanding of CNK by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.37. For the most recent quarter (mrq), Quick Ratio is recorded 1.42 and its Current Ratio is at 1.45. In the meantime, Its Debt-to-Equity ratio is 11.47 whereas as Long-Term Debt/Eq ratio is at 10.71.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, B. Riley Securities on January 02, 2024, Downgraded its rating to Neutral and sets its target price to $15 from $23 previously.
On December 20, 2023, Wells Fargo Downgraded its rating to Underweight which previously was Equal Weight and also lowered its target price recommendation from $16 to $13.
ROTH MKM reiterated its Neutral rating for the stock on December 05, 2023, while the target price for the stock was revised from $20 to $16.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 28 ’24 when Gierhart Wanda Marie sold 19,593 shares for $16.75 per share. The transaction valued at 328,183 led to the insider holds 179,591 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CNK now has a Market Capitalization of 2.17B and an Enterprise Value of 4.88B. As of this moment, Cinemark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.46, and their Forward P/E ratio for the next fiscal year is 11.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 7.02. Its current Enterprise Value per Revenue stands at 1.59 whereas that against EBITDA is 8.08.
Stock Price History:
Over the past 52 weeks, CNK has reached a high of $19.85, while it has fallen to a 52-week low of $12.26. The 50-Day Moving Average of the stock is 15.70, while the 200-Day Moving Average is calculated to be 16.07.
Shares Statistics:
The stock has traded on average 3.20M shares per day over the past 3-months and 3.37M shares per day over the last 10 days, according to various share statistics. A total of 121.60M shares are outstanding, with a floating share count of 108.55M. Insiders hold about 10.72% of the company’s shares, while institutions hold 117.72% stake in the company. Shares short for CNK as of Feb 29, 2024 were 26.74M with a Short Ratio of 8.35, compared to 25.9M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 21.99% and a Short% of Float of 35.79%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.05.
Earnings Estimates
Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of -$0.26 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.5, while EPS last year was -$0.03. The consensus estimate for the next quarter is $0.35, with high estimates of $0.51 and low estimates of $0.18.
Analysts are recommending an EPS of between $1.25 and $0.42 for the fiscal current year, implying an average EPS of $0.75. EPS for the following year is $1.62, with 9 analysts recommending between $2.39 and $1.21.
Revenue Estimates
10 analysts predict $533.7M in revenue for the current quarter. It ranges from a high estimate of $582.55M to a low estimate of $503M. As of the current estimate, Cinemark Holdings Inc’s year-ago sales were $566.39M, an estimated decrease of -5.80% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $783.28M, a decrease of -9.90% less than the figure of -$5.80% in the same quarter last year. There is a high estimate of $841.93M for the next quarter, whereas the lowest estimate is $733.68M.
A total of 11 analysts have provided revenue estimates for CNK’s current fiscal year. The highest revenue estimate was $3.01B, while the lowest revenue estimate was $2.76B, resulting in an average revenue estimate of $2.85B. In the same quarter a year ago, actual revenue was $3.07B, down -7.00% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $3.23B in the next fiscal year. The high estimate is $3.41B and the low estimate is $3.06B. The average revenue growth estimate for next year is up 13.30% from the average revenue estimate for this year.
