Cinemark Holdings Inc (NYSE:CNK – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $37.9286.
Several equities analysts have weighed in on the stock. Zacks Research upgraded shares of Cinemark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. B. Riley Financial raised their target price on Cinemark from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Wall Street Zen upgraded Cinemark from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Morgan Stanley set a $40.00 price target on Cinemark in a research report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $40.00 price objective on shares of Cinemark in a research note on Friday, July 31st.
Check Out Our Latest Report on Cinemark
Cinemark Stock Performance
Cinemark (NYSE:CNK – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.03 by $0.16. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.03 billion. Cinemark had a return on equity of 50.94% and a net margin of 6.44%.The business’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 earnings per share. As a group, analysts anticipate that Cinemark will post 2.36 EPS for the current year.
Cinemark Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. Cinemark’s dividend payout ratio is 21.30%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of CNK. Corient Private Wealth LP bought a new stake in shares of Cinemark during the 2nd quarter worth about $1,222,000. Amundi lifted its stake in shares of Cinemark by 66.2% in the second quarter. Amundi now owns 30,265 shares of the company’s stock worth $960,000 after buying an additional 12,053 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Cinemark during the 2nd quarter worth $698,000. California State Teachers Retirement System grew its stake in Cinemark by 3,026.1% in the 2nd quarter. California State Teachers Retirement System now owns 3,803,380 shares of the company’s stock valued at $119,867,000 after buying an additional 3,681,716 shares during the last quarter. Finally, Nykredit A S bought a new position in Cinemark in the 2nd quarter worth $135,000.
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.
Featured Stories
- Five stocks we like better than Cinemark
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Receive News & Ratings for Cinemark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cinemark and related companies with MarketBeat.com's FREE daily email newsletter.
