Negative Media Coverage Very Likely to Affect Cinemark Holdings (NYSE:CNK) Share Price
Press coverage about Cinemark Holdings (NYSE:CNK) has been trending negative recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing 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 Holdings earned a media sentiment score of -0.36 on Accern’s scale. Accern also gave media headlines about the company an impact score of 87 out of 100, meaning that recent news coverage is very likely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Investor Network: Cinemark Holdings, Inc. to Host Earnings Call (finance.yahoo.com)
- Cinemark Holdings, Inc. Reports a 0.9% Increase in Revenues to $751.2 Million for the Second Quarter of 2017 (finance.yahoo.com)
- Cinemark Holdings (CNK) Meets Q2 Earnings, Top Revenues (finance.yahoo.com)
- Cinemark (CNK) Q2 Earnings In Line, Revenues Top Estimates (finance.yahoo.com)
- Cinemark meets 2Q profit forecasts (finance.yahoo.com)
Cinemark Holdings (CNK) traded up 1.48% during midday trading on Friday, reaching $39.14. The company had a trading volume of 1,430,978 shares. The stock’s 50 day moving average is $38.75 and its 200 day moving average is $41.35. Cinemark Holdings has a 12-month low of $36.08 and a 12-month high of $44.84. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 16.51 and a beta of 1.03.
Cinemark Holdings (NYSE:CNK) last issued its earnings results on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. Cinemark Holdings had a return on equity of 21.75% and a net margin of 9.23%. The firm had revenue of $751.20 million for the quarter, compared to analysts’ expectations of $751.72 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Equities research analysts expect that Cinemark Holdings will post $2.21 earnings per share for the current year.
A number of analysts have recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $53.50 price target on shares of Cinemark Holdings in a research note on Tuesday, April 18th. Wedbush upgraded Cinemark Holdings from a “neutral” rating to an “outperform” rating and set a $44.00 price objective for the company in a research report on Wednesday, July 26th. ValuEngine lowered Cinemark Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Morgan Stanley decreased their price objective on Cinemark Holdings from $43.00 to $40.00 and set an “underweight” rating for the company in a research report on Thursday, July 6th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $43.30.
In related news, insider Valmir Fernandes sold 6,000 shares of Cinemark Holdings stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $43.53, for a total value of $261,180.00. Following the completion of the transaction, the insider now owns 85,505 shares in the company, valued at $3,722,032.65. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 9.20% of the company’s stock.
Cinemark Holdings Company Profile
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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