Headlines about Cinemark (NYSE:CNK) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cinemark earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 47.0182399406235 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
A number of brokerages recently issued reports on CNK. Royal Bank of Canada set a $43.00 price target on Cinemark and gave the company a “buy” rating in a report on Tuesday. Moffett Nathanson raised Cinemark from a “sell” rating to a “neutral” rating and set a $35.00 price target for the company in a report on Thursday. Morgan Stanley upped their price target on Cinemark from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. MKM Partners lowered their price target on Cinemark to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Finally, Barrington Research reaffirmed a “buy” rating and issued a $49.00 price target on shares of Cinemark in a report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Cinemark currently has a consensus rating of “Hold” and an average price target of $41.71.
Shares of CNK stock traded down $0.09 during trading hours on Friday, hitting $39.13. The stock had a trading volume of 1,744,681 shares, compared to its average volume of 1,059,790. The company has a market capitalization of $4,568.01, a P/E ratio of 17.31, a PEG ratio of 1.10 and a beta of 0.99. Cinemark has a twelve month low of $32.03 and a twelve month high of $44.74. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 1.45.
Cinemark (NYSE:CNK) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.35. The business had revenue of $750.00 million during the quarter, compared to the consensus estimate of $745.92 million. Cinemark had a return on equity of 19.48% and a net margin of 8.83%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 earnings per share. research analysts predict that Cinemark will post 2.37 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th were issued 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 was Wednesday, March 7th. Cinemark’s dividend payout ratio is presently 56.64%.
In other news, insider Valmir Fernandes sold 6,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $43.59, for a total value of $261,540.00. Following the completion of the sale, the insider now directly owns 103,582 shares of the company’s stock, valued at $4,515,139.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.20% of the stock is currently owned by corporate insiders.
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Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. It operates theatres in the United States, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay. As of December 31, 2017, the company operated 533 theatres and 5,959 screens.
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