Cinemark Holdings Inc (NYSE:CNK) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Cinemark Holdings Inc has an average rating of "Moderate Buy" from eleven analyst firms, with one hold and ten buy recommendations. The average price target over the last year is $34.91.
• The company reported a quarterly EPS of $0.63, missing analysts' estimates, but had revenue of $940.50 million, marking a 28.1% year-over-year increase.
• Cinemark announced a quarterly dividend of $0.08 per share, which equates to an annual yield of 1.2% and a payout ratio of 17.49%.

Cinemark Holdings Inc (NYSE:CNK - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $34.9091.

CNK has been the subject of several research analyst reports. Wedbush raised shares of Cinemark from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $32.00 to $37.00 in a report on Friday, July 11th. Roth Capital reduced their target price on shares of Cinemark from $36.00 to $34.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Wall Street Zen raised shares of Cinemark from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. Barrington Research reissued an "outperform" rating and set a $36.00 price target on shares of Cinemark in a research report on Tuesday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Cinemark in a research report on Thursday, July 10th. They set a "buy" rating and a $36.00 price target on the stock.

Cinemark Price Performance

CNK opened at $27.61 on Tuesday. The company has a fifty day moving average price of $26.93 and a two-hundred day moving average price of $28.66. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.88 and a current ratio of 0.91. Cinemark has a 52 week low of $23.12 and a 52 week high of $36.28. The firm has a market capitalization of $3.18 billion, a PE ratio of 15.09, a P/E/G ratio of 2.04 and a beta of 1.85.

Cinemark (NYSE:CNK - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.15). Cinemark had a return on equity of 59.16% and a net margin of 9.13%.The business had revenue of $940.50 million for the quarter, compared to analyst estimates of $942.14 million. During the same period in the prior year, the firm posted $0.32 EPS. Cinemark's revenue was up 28.1% on a year-over-year basis. As a group, analysts anticipate that Cinemark will post 1.93 earnings per share for the current year.

Cinemark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, August 27th. Cinemark's dividend payout ratio is presently 17.49%.

Insiders Place Their Bets

In other Cinemark news, EVP Melissa Thomas sold 7,200 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $25.17, for a total value of $181,224.00. Following the transaction, the executive vice president directly owned 203,768 shares of the company's stock, valued at $5,128,840.56. This represents a 3.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CNK. EverSource Wealth Advisors LLC raised its holdings in Cinemark by 118.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company's stock valued at $28,000 after acquiring an additional 507 shares during the period. Elevation Point Wealth Partners LLC bought a new position in Cinemark in the 2nd quarter valued at about $47,000. Russell Investments Group Ltd. raised its holdings in Cinemark by 242.9% in the 1st quarter. Russell Investments Group Ltd. now owns 3,532 shares of the company's stock valued at $88,000 after acquiring an additional 2,502 shares during the period. GAMMA Investing LLC raised its holdings in Cinemark by 66.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,474 shares of the company's stock valued at $105,000 after acquiring an additional 1,384 shares during the period. Finally, CWM LLC raised its holdings in Cinemark by 20.6% in the 1st quarter. CWM LLC now owns 6,548 shares of the company's stock valued at $163,000 after acquiring an additional 1,118 shares during the period.

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.

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