Cinemark (CNK) Receiving Somewhat Favorable Media Coverage, Report Finds
News stories about Cinemark (NYSE:CNK) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cinemark earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 44.894166712298 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Cinemark Holdings Inc (CNK) Director Sells $10,785.00 in Stock (americanbankingnews.com)
- Cinemark Holdings, Inc. breached its 50 day moving average in a Bearish Manner : CNK-US : December 7, 2017 (finance.yahoo.com)
- Cinemark’s (CNK) “Buy” Rating Reiterated at B. Riley (americanbankingnews.com)
- Cinemark’s Movie Club Steps Up The Competition With MoviePass (finance.yahoo.com)
- Cinemark CEO on the launch of "Movie Club" subscription s… (finance.yahoo.com)
Shares of Cinemark (NYSE CNK) traded up $0.48 during trading hours on Thursday, hitting $35.49. The stock had a trading volume of 779,420 shares, compared to its average volume of 1,097,349. Cinemark has a 52-week low of $32.03 and a 52-week high of $44.84. The stock has a market cap of $4,154.37, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 1.19 and a beta of 1.18. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 1.50.
Cinemark (NYSE:CNK) last announced its quarterly earnings data on Friday, November 3rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The firm had revenue of $710.70 million during the quarter, compared to analysts’ expectations of $702.60 million. Cinemark had a net margin of 8.36% and a return on equity of 18.43%. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 EPS. analysts forecast that Cinemark will post 2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.29 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.16 dividend on an annualized basis and a yield of 3.27%. Cinemark’s payout ratio is currently 54.98%.
CNK has been the topic of a number of analyst reports. Credit Suisse Group dropped their price objective on shares of Cinemark from $34.00 to $30.00 and set an “underperform” rating on the stock in a research note on Thursday, September 28th. Royal Bank Of Canada set a $43.00 price objective on shares of Cinemark and gave the stock a “hold” rating in a research note on Sunday, September 10th. Morgan Stanley raised shares of Cinemark from an “underweight” rating to an “equal weight” rating and set a $38.00 price objective on the stock in a research note on Thursday, October 5th. Wedbush reaffirmed an “outperform” rating and set a $44.00 price objective on shares of Cinemark in a research note on Thursday, October 5th. Finally, Zacks Investment Research cut shares of Cinemark from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $42.31.
In other news, CEO Mark Zoradi acquired 5,000 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were bought at an average price of $32.19 per share, for a total transaction of $160,950.00. Following the acquisition, the chief executive officer now owns 172,456 shares of the company’s stock, valued at approximately $5,551,358.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.20% of the company’s stock.
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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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