News headlines about Cinemark (NYSE:CNK) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cinemark earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.3230178603358 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s rankings:
Several research analysts have weighed in on CNK shares. B. Riley reaffirmed a “buy” rating and issued a $47.00 target price on shares of Cinemark in a research report on Tuesday, December 5th. Wedbush set a $42.00 price objective on Cinemark and gave the company a “buy” rating in a report on Tuesday, December 5th. Zacks Investment Research raised Cinemark from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Morgan Stanley raised Cinemark from an “underweight” rating to an “equal weight” rating and set a $38.00 price objective on the stock in a report on Thursday, October 5th. Finally, Royal Bank of Canada lowered their price objective on Cinemark from $43.00 to $40.00 and set a “sector perform” rating on the stock in a report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $42.00.
Shares of Cinemark (NYSE CNK) traded up $0.49 during midday trading on Friday, hitting $35.32. The stock had a trading volume of 720,200 shares, compared to its average volume of 1,220,000. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.46 and a current ratio of 1.50. The firm has a market cap of $4,110.00, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 1.02 and a beta of 1.18. Cinemark has a fifty-two week low of $32.03 and a fifty-two week high of $44.84.
Cinemark (NYSE:CNK) last issued its quarterly earnings data on Friday, November 3rd. The company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.02). The company had revenue of $710.70 million for the quarter, compared to analyst estimates of $702.60 million. Cinemark had a net margin of 8.36% and a return on equity of 18.43%. The business’s revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 EPS. analysts predict that Cinemark will post 1.94 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.16 annualized dividend and a yield of 3.28%. Cinemark’s payout ratio is 54.98%.
In related news, EVP Tom Owens sold 9,213 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $36.00, for a total transaction of $331,668.00. Following the completion of the sale, the executive vice president now owns 42,722 shares in the company, valued at approximately $1,537,992. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lee Roy Mitchell sold 299,700 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $36.43, for a total value of $10,918,071.00. Following the sale, the director now owns 5,528,843 shares of the company’s stock, valued at approximately $201,415,750.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 483,820 shares of company stock valued at $17,672,093. 9.20% of the stock is owned by corporate insiders.
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Cinemark Company Profile
Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.
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