Cinemark Holdings (NYSE:CNK) Receiving Somewhat Positive Media Coverage, Report Shows
Media headlines about Cinemark Holdings (NYSE:CNK) have trended somewhat positive on Sunday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cinemark Holdings earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 67 out of 100, meaning that recent media coverage is likely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Cinemark Holdings Inc Cinemark (NYSE:CNK) Stock Traded -5.2% Below Its 50 Day Moving Average (highlightpress.com)
- Cinemark Announces Remodel of the Century RiverPark and XD Theatre in Oxnard, CA with Luxury Lounger Recliners (finance.yahoo.com)
- Zacks: Brokerages Anticipate Cinemark Holdings Inc (CNK) Will Post Quarterly Sales of $762.24 Million (americanbankingnews.com)
- Cinemark Holdings Inc (NYSE:CNK) to Post Q2 2017 Earnings of $0.43 Per Share, Barrington Research Forecasts (americanbankingnews.com)
- Cinemark Holdings (NYSE:CNK) and AMC Entertainment Holdings (AMC) Head to Head Contrast (americanbankingnews.com)
Cinemark Holdings (CNK) traded down 0.03% during mid-day trading on Friday, reaching $37.98. The company’s stock had a trading volume of 591,058 shares. Cinemark Holdings has a 52-week low of $36.08 and a 52-week high of $44.84. The company has a 50 day moving average of $40.16 and a 200-day moving average of $41.49. The stock has a market cap of $4.42 billion, a PE ratio of 16.03 and a beta of 1.04.
Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings results on Wednesday, May 3rd. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. The business had revenue of $779.60 million for the quarter, compared to the consensus estimate of $750.75 million. Cinemark Holdings had a return on equity of 21.75% and a net margin of 9.23%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 earnings per share. Equities analysts forecast that Cinemark Holdings will post $2.21 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 22nd. Investors of record on Thursday, June 8th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Tuesday, June 6th. Cinemark Holdings’s dividend payout ratio is currently 49.15%.
A number of research analysts recently weighed in on the company. FBR & Co downgraded Cinemark Holdings from an “outperform” rating to a “market perform” rating and set a $46.00 price objective on the stock. in a research note on Monday, April 3rd. Moffett Nathanson downgraded Cinemark Holdings from a “neutral” rating to a “sell” rating and set a $33.00 price objective on the stock. in a research note on Monday, June 12th. B. Riley reissued a “buy” rating and issued a $53.50 price objective on shares of Cinemark Holdings in a research note on Thursday, April 27th. MKM Partners reissued a “buy” rating and issued a $50.00 price objective (up from $48.00) on shares of Cinemark Holdings in a research note on Wednesday, April 26th. Finally, Wedbush reissued a “neutral” rating and issued a $45.00 price objective (up from $43.00) on shares of Cinemark Holdings in a research note on Friday, April 7th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. Cinemark Holdings currently has a consensus rating of “Hold” and an average price target of $43.57.
In related news, insider Valmir Fernandes sold 6,000 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $43.53, for a total transaction of $261,180.00. Following the sale, the insider now owns 85,505 shares of the company’s stock, valued at $3,722,032.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 9.20% of the company’s stock.
About Cinemark Holdings
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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