Headlines about Cinemark (NYSE:CNK) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cinemark earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.1777246236662 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
Several analysts have recently issued reports on CNK shares. MKM Partners dropped their target price on shares of Cinemark to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. B. Riley reiterated a “buy” rating and issued a $47.00 target price on shares of Cinemark in a research report on Tuesday, December 5th. Barrington Research reiterated a “buy” rating and issued a $49.00 target price on shares of Cinemark in a research report on Friday, March 2nd. Royal Bank of Canada lifted their target price on shares of Cinemark to $46.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Finally, Zacks Investment Research upgraded shares of Cinemark from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $42.46.
Cinemark (CNK) traded up $0.44 during trading hours on Tuesday, hitting $39.16. 1,229,407 shares of the stock traded hands, compared to its average volume of 1,534,059. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $4,555.20, a P/E ratio of 17.25, a P/E/G ratio of 1.10 and a beta of 0.94. Cinemark has a 12-month low of $32.03 and a 12-month high of $44.84.
Cinemark (NYSE:CNK) last posted its quarterly earnings results on Friday, February 23rd. The company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.35. The firm had revenue of $750.00 million for the quarter, compared to the consensus estimate of $745.92 million. Cinemark had a net margin of 8.83% and a return on equity of 19.48%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $0.66 earnings per share. analysts expect that Cinemark will post 2.37 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th will be paid a $0.32 dividend. This is an increase from Cinemark’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Wednesday, March 7th. Cinemark’s dividend payout ratio (DPR) is currently 56.39%.
In other Cinemark news, insider Valmir Fernandes sold 6,000 shares of Cinemark stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $43.59, for a total transaction of $261,540.00. Following the transaction, the insider now directly owns 103,582 shares of the company’s stock, valued at $4,515,139.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tom Owens sold 9,213 shares of Cinemark stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $36.00, for a total transaction of $331,668.00. Following the transaction, the executive vice president now directly owns 42,722 shares in the company, valued at $1,537,992. The disclosure for this sale can be found here. Company insiders own 9.10% of the company’s stock.
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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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