Cinemark (CNK) Receives Daily Media Sentiment Score of 0.15
Press coverage about Cinemark (NYSE:CNK) has trended somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cinemark earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.3230178603358 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Cinemark Announces Remodel of 10-Screen Theatre in Melrose Park, IL With Luxury Lounger Recliners (finance.yahoo.com)
- Kendrick Brothers Help FamilyLife Produce First Feature, ‘Like Arrows,’ Soaring Onto Big Screens Nationwide for Two Nights This May (finance.yahoo.com)
- Q1 2018 Earnings Estimate for Cinemark Holdings, Inc. Issued By Wedbush (CNK) (americanbankingnews.com)
- Cinemark Holdings, Inc. (CNK) to Post FY2017 Earnings of $1.89 Per Share, Wedbush Forecasts (americanbankingnews.com)
A number of analysts have commented on CNK shares. B. Riley reiterated a “buy” rating and issued a $47.00 price objective on shares of Cinemark in a research report on Tuesday, December 5th. Wedbush set a $42.00 price objective on Cinemark and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Zacks Investment Research upgraded Cinemark from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Morgan Stanley upgraded Cinemark from an “underweight” rating to an “equal weight” rating and set a $38.00 price objective for the company in a research report on Thursday, October 5th. Finally, Royal Bank of Canada reduced their price objective on Cinemark from $43.00 to $40.00 and set a “sector perform” rating for the company in a research report on Monday, September 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $42.00.
Cinemark (NYSE:CNK) traded up $0.49 during trading on Friday, hitting $35.32. The company had a trading volume of 720,200 shares, compared to its average volume of 1,220,000. 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 $4,110.00, a P/E ratio of 16.74, a PEG ratio of 1.02 and a beta of 1.18. Cinemark has a 1-year low of $32.03 and a 1-year high of $44.84.
Cinemark (NYSE:CNK) last posted its earnings results on Friday, November 3rd. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.02). The company had revenue of $710.70 million for the quarter, compared to the consensus estimate of $702.60 million. Cinemark had a return on equity of 18.43% and a net margin of 8.36%. Cinemark’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.56 EPS. sell-side analysts anticipate that Cinemark will post 1.94 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.16 annualized dividend and a dividend yield of 3.28%. Cinemark’s dividend payout ratio (DPR) is presently 54.98%.
In related news, EVP Tom Owens sold 9,213 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $36.00, for a total transaction of $331,668.00. Following the completion of the transaction, the executive vice president now owns 42,722 shares in the company, valued at approximately $1,537,992. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lee Roy Mitchell sold 174,607 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $36.72, for a total value of $6,411,569.04. Following the sale, the director now directly owns 5,528,843 shares of the company’s stock, valued at $203,019,114.96. The disclosure for this sale can be found here. Insiders have sold a total of 483,820 shares of company stock valued at $17,672,093 in the last 90 days. 9.20% of the stock is owned by corporate insiders.
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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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