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

Cinemark Holdings, Inc. (NYSE:CNK) declared a — dividend on Wednesday, February 19th, Wall Street Journal reports. Stockholders 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 Trading Down 3.0 %

Shares of NYSE CNK traded down $0.85 during trading on Thursday, hitting $27.72. 8,513,647 shares of the company were exchanged, compared to its average volume of 2,817,777. The firm has a market capitalization of $3.39 billion, a PE ratio of 17.88 and a beta of 2.38. Cinemark has a 12-month low of $15.74 and a 12-month high of $36.28. The company has a fifty day moving average price of $30.44 and a 200-day moving average price of $29.76. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.96 and a current ratio of 0.98.

Cinemark (NYSE:CNK) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.33 earnings per share 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 analyst estimates of $797.18 million. During the same period in the previous year, the company posted ($0.15) earnings per share. Cinemark’s revenue was up 27.5% compared to the same quarter last year. As a group, equities research analysts expect that Cinemark will post 2.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CNK shares. Wedbush reissued a “neutral” rating and set a $32.00 price target on shares of Cinemark in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on Cinemark from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Cinemark in a research report on Wednesday. StockNews.com raised Cinemark from a “sell” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Cinemark in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.70.

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.