Cinemark Holdings (CNK) Getting Somewhat Positive News Coverage, Study Finds
Press coverage about Cinemark Holdings (NYSE:CNK) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing 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 nearest to one being the most favorable. Cinemark Holdings earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.9411936823047 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- ‘Genesis: Paradise Lost’ Presents Vibrant 3D Rendering of Creation Story (christiannewswire.com)
- Head to Head Comparison: Imax Corporation (IMAX) and Cinemark Holdings (CNK) (americanbankingnews.com)
- Cinemark Holdings Inc (CNK) CEO Mark Zoradi Bought $160,950 of Shares (finance.yahoo.com)
- Cinemark Holdings Inc (CNK) Given a $43.00 Price Target at Royal Bank Of Canada (americanbankingnews.com)
- Cinemark Holdings Inc (CNK) Lifted to “Hold” at Zacks Investment Research (americanbankingnews.com)
Several research analysts recently issued reports on the company. BidaskClub upgraded Cinemark Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Wedbush restated a “buy” rating on shares of Cinemark Holdings in a research report on Monday, August 7th. Moffett Nathanson downgraded Cinemark Holdings from a “neutral” rating to a “sell” rating and set a $33.00 price objective for the company. in a research report on Monday, June 12th. B. Riley restated a “buyl” rating on shares of Cinemark Holdings in a research report on Sunday, August 13th. Finally, J P Morgan Chase & Co cut their price objective on Cinemark Holdings from $47.00 to $42.00 in a research report on Tuesday, August 22nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Cinemark Holdings presently has a consensus rating of “Hold” and an average target price of $43.06.
Cinemark Holdings (NYSE:CNK) opened at 35.50 on Friday. The firm has a 50-day moving average price of $35.41 and a 200 day moving average price of $39.79. The firm has a market capitalization of $4.11 billion, a P/E ratio of 15.17 and a beta of 1.06. Cinemark Holdings has a one year low of $32.03 and a one year high of $44.84.
Cinemark Holdings (NYSE:CNK) last released its earnings results on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. The company had revenue of $751.20 million during the quarter, compared to the consensus estimate of $751.72 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The company’s revenue was up .9% compared to the same quarter last year. Equities research analysts anticipate that Cinemark Holdings will post $2.11 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Thursday, August 31st were given a $0.29 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 3.27%. Cinemark Holdings’s payout ratio is 49.57%.
In related news, CEO Mark Zoradi bought 5,000 shares of the business’s stock in a transaction on Friday, September 8th. The stock was bought at an average price of $32.19 per share, for a total transaction of $160,950.00. Following the transaction, the chief executive officer now directly owns 172,456 shares in the company, valued at $5,551,358.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.20% of the stock is 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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