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

Cinemark Holdings, Inc. (NYSE:CNK - Get Free Report) declared a -- dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Wednesday, March 5th will be given a dividend of 0.08 per share on Wednesday, March 19th. The ex-dividend date is Wednesday, March 5th.

Cinemark Stock Down 3.0 %

Shares of NYSE:CNK traded down $0.85 during trading on Thursday, hitting $27.72. 8,513,626 shares of the company were exchanged, compared to its average volume of 2,814,033. Cinemark has a fifty-two week low of $15.74 and a fifty-two week high of $36.28. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 17.88 and a beta of 2.38. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 3.46. The firm has a fifty day moving average price of $30.44 and a two-hundred day moving average price of $29.76.

Cinemark (NYSE:CNK - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.06). Cinemark had a net margin of 8.36% and a return on equity of 60.21%. The firm had revenue of $814.30 million during the quarter, compared to the consensus estimate of $797.18 million. During the same period in the previous year, the company posted ($0.15) earnings per share. The firm's revenue for the quarter was up 27.5% compared to the same quarter last year. As a group, research analysts anticipate that Cinemark will post 2.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CNK shares. Morgan Stanley dropped their price target on Cinemark from $40.00 to $35.00 and set an "overweight" rating for the company in a report on Thursday. StockNews.com raised shares of Cinemark from a "sell" rating to a "hold" rating in a report on Sunday, November 10th. Wedbush reiterated a "neutral" rating and issued a $32.00 price target on shares of Cinemark in a research note on Tuesday. Barrington Research restated an "outperform" rating and set a $40.00 price objective on shares of Cinemark in a research note on Wednesday. Finally, JPMorgan Chase & Co. reduced their target price on Cinemark from $31.00 to $30.00 and set a "neutral" rating on the stock in a report on Thursday. One research 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. According to MarketBeat, Cinemark presently has a consensus rating of "Moderate Buy" and an average price target of $32.60.

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.

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