News articles about Cinemark (NYSE:CNK) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cinemark earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.1163354620214 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
CNK has been the subject of a number of recent analyst reports. Wedbush set a $38.00 price target on Cinemark and gave the company a “buy” rating in a research report on Monday, January 8th. Royal Bank of Canada raised Cinemark from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $33.91 to $40.00 in a research report on Wednesday, January 10th. B. Riley reaffirmed a “buy” rating and set a $42.50 price target (down previously from $47.00) on shares of Cinemark in a research report on Monday, January 22nd. MKM Partners lowered their price target on Cinemark to $44.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Finally, Morgan Stanley upped their price target on Cinemark from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.71.
Shares of NYSE:CNK opened at $39.13 on Monday. Cinemark has a 52-week low of $32.03 and a 52-week high of $44.74. The company has a market capitalization of $4,557.51, a PE ratio of 17.31, a PEG ratio of 1.10 and a beta of 0.99. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.40 and a quick ratio of 1.37.
Cinemark (NYSE:CNK) last announced its earnings results on Friday, February 23rd. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.35. Cinemark had a return on equity of 19.48% and a net margin of 8.83%. The firm had revenue of $750.00 million during the quarter, compared to analyst estimates of $745.92 million. During the same quarter in the prior year, the company earned $0.66 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. equities research analysts forecast that Cinemark will post 2.35 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th were given a $0.32 dividend. The ex-dividend date was Wednesday, March 7th. This represents a $1.28 annualized dividend and a dividend yield of 3.27%. This is a positive change from Cinemark’s previous quarterly dividend of $0.29. Cinemark’s dividend payout ratio is currently 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 transaction, the insider now owns 103,582 shares of the company’s stock, valued at approximately $4,515,139.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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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