Cinemark Holdings Inc (CNK) To Go Ex-Dividend on March 3rd

Cinemark Holdings Inc (NYSE:CNK) announced a quarterly dividend on Tuesday, February 17th. Stockholders of record on Tuesday, March 3rd will be paid a dividend of 0.09 per share on Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 3rd.

Cinemark has decreased its dividend by an average of 1.0%annually over the last three years. Cinemark has a dividend payout ratio of 16.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cinemark to earn $2.58 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 14.0%.

Cinemark Trading Up 0.7%

Shares of NYSE:CNK traded up $0.19 during midday trading on Thursday, hitting $26.60. 1,201,927 shares of the stock traded hands, compared to its average volume of 2,806,679. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 5.01. The business’s 50 day moving average is $23.90 and its two-hundred day moving average is $25.88. The stock has a market capitalization of $3.13 billion, a PE ratio of 25.49, a P/E/G ratio of 2.51 and a beta of 1.13. Cinemark has a one year low of $21.60 and a one year high of $34.01.

Cinemark (NYSE:CNK) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.29). Cinemark had a return on equity of 34.33% and a net margin of 4.93%.The business had revenue of $776.30 million during the quarter, compared to the consensus estimate of $778.41 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. As a group, research analysts forecast that Cinemark will post 1.93 earnings per share for the current year.

Analysts Set New Price Targets

CNK has been the subject of several research reports. UBS Group upgraded Cinemark to a “buy” rating in a report on Tuesday, January 20th. Barrington Research reissued an “outperform” rating and set a $32.00 target price on shares of Cinemark in a research report on Thursday. Morgan Stanley reissued an “equal weight” rating and issued a $28.00 target price (down from $35.00) on shares of Cinemark in a research report on Thursday, December 18th. Wall Street Zen cut Cinemark from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $22.00 target price on shares of Cinemark in a research report on Thursday. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.08.

Cinemark Company Profile

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.