Cinemark Q4: Slight Improvements But Stock Remains A Sell [Seeking Alpha]
Cinemark Holdings Inc Cinemark Holdings, Inc. (CNK)
Last cinemark holdings inc cinemark holdings, inc. earnings: 2/21 06:15 am
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Source: Seeking Alpha
The company reduced its debt by $100 million in 2023, resulting in a $5 million decrease in interest expense. However, it still has a substantial net debt of $1.67 billion. Stock remains a sell with many company-level challenges in an industry that is likely well past the post-COVID recovery stage. Cinemark Holdings, Inc. NYSE: CNK reported its Q4 and FY 2023 earnings results pre-market today (February 16th, 2024) as Seeking Alpha has covered here . My only previous coverage of Cinemark was back in April 2023, where I rated the stock a "Sell" on the back of its huge debt and Free Cash Flow [FCF] worries. Since then, the stock has gone up Let's review The Good, The Bad, and The Ugly from Cinemark's Q4 report. The Good In my previous review, I had mocked the company for its "Free of Cash Flow," and it looks like the management made it a point to improve this in 2023. Cinemark now has recorded three consecutive quarters (including Q4) of positive FCF, with FY 2023 recording a
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News
- Warner Bros. Pictures and HBO Acquire Groundbreaking Doc "The Commandant's Shadow" [Yahoo! Finance]Yahoo! Finance
- Earnings Preview: Cinemark Holdings (CNK) Q1 Earnings Expected to Decline [Yahoo! Finance]Yahoo! Finance
- Cinemark Holdings, Inc. (NYSE: CNK) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $23.00 price target on the stock.MarketBeat
- Texas man sues movie theater chain, alleges ‘deceptive' drink sizes [FOX Business Network]FOX Business Network
- Cinemark Holdings, Inc. (NYSE: CNK) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $24.00 price target on the stock.MarketBeat
CNK
Earnings
- 2/16/24 - In-Line
CNK
Sec Filings
- 4/9/24 - Form DEFA14A
- 4/2/24 - Form ARS
- 4/2/24 - Form DEFA14A
- CNK's page on the SEC website