Somewhat Positive Media Coverage Somewhat Unlikely to Impact Cinemark Holdings (NYSE:CNK) Share Price
Headlines about Cinemark Holdings (NYSE:CNK) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cinemark Holdings earned a news impact score of 0.10 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.5956814612752 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
- Cinemark Holdings Inc to Issue Quarterly Dividend of $0.29 (CNK) (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Cinemark Holdings Inc. (finance.yahoo.com)
- Cinemark Announces Grand Opening of New 12-Screen Theatre in Abilene, TX (finance.yahoo.com)
- FY2017 Earnings Estimate for Cinemark Holdings Inc (NYSE:CNK) Issued By Wedbush (americanbankingnews.com)
- Comparing AMC Entertainment Holdings (AMC) & Cinemark Holdings (NYSE:CNK) (americanbankingnews.com)
Several research firms have commented on CNK. MKM Partners reissued a “buy” rating and set a $50.00 target price (up from $48.00) on shares of Cinemark Holdings in a research report on Wednesday, April 26th. B. Riley reissued a “buy” rating and set a $53.50 target price on shares of Cinemark Holdings in a research report on Thursday, April 27th. Royal Bank Of Canada increased their target price on shares of Cinemark Holdings from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Monday, April 17th. Credit Suisse Group downgraded shares of Cinemark Holdings from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $38.00 to $34.00 in a research report on Thursday, June 22nd. Finally, Moffett Nathanson downgraded shares of Cinemark Holdings from a “neutral” rating to a “sell” rating and set a $33.00 target price on the stock. in a research report on Monday, June 12th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. Cinemark Holdings presently has a consensus rating of “Hold” and an average target price of $43.14.
Shares of Cinemark Holdings (NYSE CNK) opened at 36.95 on Friday. The company has a 50 day moving average of $38.23 and a 200 day moving average of $41.20. Cinemark Holdings has a 1-year low of $36.60 and a 1-year high of $44.84. The company has a market cap of $4.28 billion, a PE ratio of 15.79 and a beta of 1.03.
Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings results on Friday, August 4th. The company reported $0.44 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.44. Cinemark Holdings had a net margin of 6.90% and a return on equity of 15.46%. The business had revenue of $751.20 million for the quarter, compared to analyst estimates of $751.72 million. During the same quarter in the prior year, the business earned $0.46 EPS. Cinemark Holdings’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts expect that Cinemark Holdings will post $2.16 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Thursday, August 31st will be paid a $0.29 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 3.14%. Cinemark Holdings’s dividend payout ratio (DPR) is currently 49.57%.
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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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