Cinemark Holdings, Inc. (CNK) To Go Ex-Dividend on March 5th

Cinemark Holdings, Inc. (NYSE:CNK) declared a — dividend on Wednesday, February 19th, 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 Performance

NYSE CNK opened at $27.72 on Friday. The firm has a market capitalization of $3.39 billion, a P/E ratio of 13.65 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 3.87. The firm’s fifty day moving average price is $30.33 and its two-hundred day moving average price is $29.75. Cinemark has a 1 year low of $15.74 and a 1 year high of $36.28.

Cinemark (NYSE:CNK) last released 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 return on equity of 65.83% and a net margin of 10.16%. The firm had revenue of $814.30 million for the quarter, compared to analyst estimates of $797.18 million. During the same quarter in the prior year, the firm earned ($0.15) earnings per share. The firm’s revenue for the quarter was up 27.5% on a year-over-year basis. As a group, research analysts anticipate that Cinemark will post 1.98 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on CNK shares. Benchmark reduced their target price on Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday. StockNews.com raised shares of Cinemark from a “sell” rating to a “hold” rating in a research report on Sunday, November 10th. Barrington Research reissued an “outperform” rating and issued a $40.00 price objective on shares of Cinemark in a research report on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of Cinemark from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Wells Fargo & Company lowered their price target on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.