Cinemark Holdings Inc (NYSE:CNK – Get Free Report) has received an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $33.3077.
A number of equities research analysts have recently issued reports on CNK shares. Morgan Stanley increased their target price on Cinemark from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Barrington Research restated an “outperform” rating and set a $36.00 price objective on shares of Cinemark in a research note on Monday, May 4th. B. Riley Financial restated a “neutral” rating on shares of Cinemark in a research note on Friday, April 17th. Benchmark restated a “buy” rating on shares of Cinemark in a research note on Thursday, February 19th. Finally, Wall Street Zen upgraded Cinemark from a “hold” rating to a “buy” rating in a research note on Sunday, May 31st.
View Our Latest Stock Analysis on Cinemark
Cinemark Price Performance
Cinemark (NYSE:CNK – Get Free Report) last posted its earnings results on Friday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Cinemark had a net margin of 5.31% and a return on equity of 41.31%. The company had revenue of $643.10 million during the quarter, compared to analyst estimates of $632.74 million. During the same quarter last year, the business posted ($0.32) EPS. Cinemark’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, equities analysts predict that Cinemark will post 2.11 earnings per share for the current fiscal year.
Cinemark Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, May 28th. Cinemark’s dividend payout ratio (DPR) is 31.86%.
Institutional Investors Weigh In On Cinemark
A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in shares of Cinemark by 115.1% in the 1st quarter. Bank of America Corp DE now owns 831,389 shares of the company’s stock valued at $23,711,000 after acquiring an additional 444,965 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Cinemark by 53.2% during the first quarter. Janus Henderson Group PLC now owns 376,632 shares of the company’s stock worth $10,742,000 after purchasing an additional 130,785 shares during the last quarter. Amundi lifted its stake in Cinemark by 64.8% during the first quarter. Amundi now owns 18,212 shares of the company’s stock worth $519,000 after purchasing an additional 7,161 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Cinemark by 25.3% in the first quarter. California State Teachers Retirement System now owns 121,664 shares of the company’s stock worth $3,470,000 after purchasing an additional 24,543 shares during the period. Finally, Empowered Funds LLC acquired a new position in Cinemark in the first quarter worth $328,000.
About Cinemark
Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.
The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.
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