Cinemark Holdings Inc (NYSE:CNK – Get Free Report) declared a quarterly dividend on Thursday, May 14th. Stockholders of record on Thursday, May 28th will be paid a dividend of 0.09 per share on Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, May 28th.
Cinemark has decreased its dividend payment by an average of 0.0%per year over the last three years. Cinemark has a dividend payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Cinemark to earn $2.43 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 14.8%.
Cinemark Stock Up 0.3%
Shares of Cinemark stock opened at $26.36 on Friday. The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.58 and a current ratio of 0.62. Cinemark has a 52-week low of $21.60 and a 52-week high of $34.01. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 23.33 and a beta of 1.03. The company’s 50 day moving average price is $28.20 and its 200-day moving average price is $26.43.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on CNK. Wall Street Zen upgraded shares of Cinemark from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cinemark in a report on Friday, March 27th. Morgan Stanley lifted their price target on shares of Cinemark from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Moffett Nathanson upgraded shares of Cinemark from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday, January 20th. Finally, Roth Mkm reiterated a “buy” rating and issued a $37.00 price target on shares of Cinemark in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Cinemark presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.31.
Check Out Our Latest Report on Cinemark
Cinemark Company Profile
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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