Cinemark Holdings, Inc. (NYSE:CNK) has been given a consensus recommendation of “Buy” by the thirteen analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $43.00.
CNK has been the topic of several research reports. Zacks Investment Research lowered shares of Cinemark from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. MKM Partners cut their target price on shares of Cinemark from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Barrington Research reaffirmed a “buy” rating and set a $49.00 target price on shares of Cinemark in a report on Tuesday, November 5th. Macquarie set a $42.00 target price on shares of Cinemark and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, Goldman Sachs Group set a $43.00 price target on shares of Cinemark and gave the stock a “buy” rating in a research report on Tuesday, October 15th.
CNK stock traded down $0.16 during trading on Friday, hitting $33.85. 73,474 shares of the company traded hands, compared to its average volume of 1,266,554. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.90 and a current ratio of 0.93. The company has a 50-day moving average of $35.37 and a 200-day moving average of $37.38. The firm has a market capitalization of $3.97 billion, a PE ratio of 18.55, a P/E/G ratio of 1.10 and a beta of 0.64. Cinemark has a 1 year low of $31.52 and a 1 year high of $43.51.
Cinemark (NYSE:CNK) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.23). The company had revenue of $821.82 million for the quarter, compared to analysts’ expectations of $807.69 million. Cinemark had a net margin of 5.60% and a return on equity of 14.25%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.43 EPS. Sell-side analysts expect that Cinemark will post 2.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Tuesday, December 3rd. Cinemark’s dividend payout ratio (DPR) is currently 74.32%.
Hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its stake in Cinemark by 537.4% in the third quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $34,000 after buying an additional 790 shares during the last quarter. Mesirow Financial Investment Management Equity Management acquired a new position in Cinemark during the second quarter worth $49,000. Quest Capital Management Inc. ADV acquired a new position in Cinemark during the third quarter worth $54,000. Marshall Wace LLP bought a new position in shares of Cinemark in the first quarter valued at $65,000. Finally, Cerebellum GP LLC bought a new position in shares of Cinemark in the third quarter valued at $118,000. 99.89% of the stock is currently owned by hedge funds and other institutional investors.
Cinemark Company Profile
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of December 31, 2018, it operated 341 theatres and 4,586 screens in 41 states of the United States; and 205 theatres and 1,462 screens in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay.
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