Cinemark Holdings (CNK) Receives Daily Media Sentiment Rating of 0.16
News stories about Cinemark Holdings (NYSE:CNK) have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cinemark Holdings earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.7477213002067 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Cinemark Holdings (CNK) opened at 36.41 on Thursday. The stock has a market capitalization of $4.22 billion, a PE ratio of 15.56 and a beta of 1.06. Cinemark Holdings has a 12 month low of $32.03 and a 12 month high of $44.84. The firm has a 50-day moving average price of $35.22 and a 200 day moving average price of $39.67.
Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. The business had revenue of $751.20 million for the quarter, compared to analyst estimates of $751.72 million. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The company’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 earnings per share. Equities analysts anticipate that Cinemark Holdings will post $2.09 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Thursday, August 31st were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Tuesday, August 29th. Cinemark Holdings’s dividend payout ratio is presently 49.57%.
Several equities research analysts recently commented on CNK shares. Barrington Research reduced their price objective on Cinemark Holdings from $49.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, August 7th. Wedbush lifted their price objective on Cinemark Holdings from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, July 4th. Credit Suisse Group downgraded Cinemark Holdings from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $38.00 to $34.00 in a report on Thursday, June 22nd. Morgan Stanley reduced their price objective on Cinemark Holdings from $43.00 to $40.00 and set an “underweight” rating for the company in a report on Thursday, July 6th. Finally, MKM Partners reiterated a “buy” rating and issued a $46.00 price objective on shares of Cinemark Holdings in a report on Monday, September 18th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Cinemark Holdings presently has an average rating of “Hold” and an average price target of $42.60.
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In other news, CEO Mark Zoradi acquired 5,000 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were acquired at an average cost of $32.19 per share, with a total value of $160,950.00. Following the completion of the acquisition, the chief executive officer now owns 172,456 shares of the company’s stock, valued at $5,551,358.64. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 9.10% of the stock is currently owned by corporate insiders.
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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