Cinemark (CNK) Getting Somewhat Positive News Coverage, Report Shows

Media headlines about Cinemark (NYSE:CNK) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog 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 daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 44.9223228661778 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

A number of equities research analysts recently commented on the stock. B. Riley restated a “buy” rating and set a $47.00 price objective on shares of Cinemark in a report on Tuesday, December 5th. Wedbush set a $42.00 price objective on shares of Cinemark and gave the stock a “buy” rating in a report on Tuesday, December 5th. Zacks Investment Research upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Morgan Stanley upgraded shares of Cinemark from an “underweight” rating to an “equal weight” rating and set a $38.00 price objective on the stock in a report on Thursday, October 5th. Finally, 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 report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $42.31.

Shares of Cinemark (CNK) traded up $0.14 on Friday, hitting $34.82. 720,457 shares of the stock were exchanged, compared to its average volume of 1,026,452. Cinemark has a 52 week low of $32.03 and a 52 week high of $44.84. The company has a market cap of $4,055.38, a P/E ratio of 16.50, a PEG ratio of 1.18 and a beta of 1.18. The company has a current ratio of 1.50, a quick ratio of 1.46 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 EPS 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 the consensus estimate of $702.60 million. Cinemark had a net margin of 8.36% and a return on equity of 18.43%. The business’s revenue was down 7.5% on a year-over-year basis. During the same period last year, the business earned $0.56 EPS. analysts expect that Cinemark will post 1.97 earnings per share 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 issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Thursday, November 30th. Cinemark’s payout ratio is 54.98%.

In related news, Director Lee Roy Mitchell sold 299,700 shares of Cinemark stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $36.43, for a total transaction of $10,918,071.00. Following the completion of the sale, the director now owns 5,528,843 shares of the company’s stock, valued at approximately $201,415,750.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tom Owens sold 9,213 shares of Cinemark stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $36.00, for a total transaction of $331,668.00. Following the sale, the executive vice president now directly owns 42,722 shares of the company’s stock, valued at approximately $1,537,992. 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 ninety days. 9.20% of the stock is currently owned by insiders.

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About Cinemark

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.

Insider Buying and Selling by Quarter for Cinemark (NYSE:CNK)

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