Cinemark (CNK) Getting Somewhat Positive Press Coverage, Report Finds
News coverage about Cinemark (NYSE:CNK) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press 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 closest to one being the most favorable. Cinemark earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.9273786040118 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Cinemark (NYSE:CNK) traded up $0.53 during trading hours on Friday, hitting $34.24. 570,706 shares of the company were exchanged, compared to its average volume of 1,218,919. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.50 and a quick ratio of 1.46. The company has a market cap of $3,926.10, a PE ratio of 16.13, a PEG ratio of 1.12 and a beta of 1.18. Cinemark has a 52 week low of $32.03 and a 52 week high of $44.84.
Cinemark (NYSE:CNK) last posted its quarterly earnings results on Friday, November 3rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Cinemark had a return on equity of 18.43% and a net margin of 8.36%. The company had revenue of $710.70 million during the quarter, compared to the consensus estimate of $702.60 million. During the same period last year, the firm posted $0.56 EPS. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year. sell-side analysts anticipate that Cinemark will post 2 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.16 dividend on an annualized basis and a yield of 3.39%. Cinemark’s payout ratio is 54.98%.
A number of research firms have issued reports on CNK. BidaskClub upgraded Cinemark from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Wedbush restated a “buy” rating on shares of Cinemark in a research note on Monday, August 7th. B. Riley restated a “buyl” rating on shares of Cinemark in a research note on Sunday, August 13th. Piper Jaffray Companies restated a “buy” rating on shares of Cinemark in a research note on Sunday, September 17th. Finally, J P Morgan Chase & Co cut their target price on Cinemark from $47.00 to $42.00 in a research note on Tuesday, August 22nd. Two investment 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’s stock. Cinemark has a consensus rating of “Hold” and an average price target of $42.31.
In other Cinemark news, CEO Mark Zoradi bought 5,000 shares of the stock in a transaction on Monday, August 28th. The shares were acquired at an average price of $32.83 per share, with a total value of $164,150.00. Following the acquisition, the chief executive officer now directly owns 167,456 shares of the company’s stock, valued at approximately $5,497,580.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 9.20% of the company’s stock.
Cinemark 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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