Cinemark Holdings, Inc. to Issue — Dividend of $0.08 (NYSE:CNK)

Cinemark Holdings, Inc. (NYSE:CNK) declared a — dividend on Wednesday, February 19th, Wall Street Journal reports. Investors of record on Wednesday, March 5th will be paid a dividend of 0.08 per share on Wednesday, March 19th. The ex-dividend date is Wednesday, March 5th.

Cinemark Price Performance

Shares of CNK opened at $27.72 on Friday. The business has a 50-day moving average of $30.33 and a 200-day moving average of $29.75. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.98 and a quick ratio of 0.96. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 13.65 and a beta of 2.38. Cinemark has a 1 year low of $15.74 and a 1 year high of $36.28.

Cinemark (NYSE:CNK) last posted its earnings results on Wednesday, February 19th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06). Cinemark had a return on equity of 65.83% and a net margin of 10.16%. The business had revenue of $814.30 million for the quarter, compared to the consensus estimate of $797.18 million. During the same period in the previous year, the firm earned ($0.15) earnings per share. The company’s revenue was up 27.5% on a year-over-year basis. As a group, equities research analysts anticipate that Cinemark will post 1.98 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Cinemark from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday. Macquarie restated an “outperform” rating and set a $35.00 price objective on shares of Cinemark in a research note on Thursday. StockNews.com upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a research note on Sunday, November 10th. Wedbush reaffirmed a “neutral” rating and issued a $32.00 target price on shares of Cinemark in a report on Tuesday. Finally, Wells Fargo & Company cut their price objective on Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Cinemark currently has a consensus rating of “Moderate Buy” and an average price target of $32.70.

Cinemark Company Profile

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.