Cinemark Holdings, Inc. (NYSE:CNK) Plans — Dividend of $0.08

Cinemark Holdings, Inc. (NYSE:CNK) 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 of this dividend is Wednesday, March 5th.

Cinemark Stock Down 3.0 %

Shares of NYSE:CNK traded down $0.85 during midday trading on Thursday, hitting $27.72. 8,513,626 shares of the company’s stock were exchanged, compared to its average volume of 2,814,033. Cinemark has a 12 month low of $15.74 and a 12 month high of $36.28. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.98 and a quick ratio of 0.96. The stock has a 50 day moving average price of $30.44 and a 200-day moving average price of $29.76. The company has a market cap of $3.39 billion, a PE ratio of 17.88 and a beta of 2.38.

Cinemark (NYSE:CNK) last announced its earnings results on Wednesday, February 19th. The company reported $0.33 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $797.18 million. During the same quarter in the prior year, the company earned ($0.15) EPS. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. On average, sell-side analysts anticipate that Cinemark will post 2.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on CNK. Benchmark decreased their price target on Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday. Wells Fargo & Company decreased their target price on Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. StockNews.com raised shares of Cinemark from a “sell” rating to a “hold” rating in a report on Sunday, November 10th. Morgan Stanley lowered their price objective on shares of Cinemark from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Barrington Research reissued an “outperform” rating and set a $40.00 target price on shares of Cinemark in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.60.

About Cinemark

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.