Cinemark Holdings Inc (CNK) To Go Ex-Dividend on May 28th

Cinemark Holdings Inc (NYSE:CNK) declared a quarterly dividend on Thursday, May 14th. Stockholders of record on Thursday, May 28th will be paid a dividend of 0.09 per share on Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, May 28th.

Cinemark has decreased its dividend by an average of 0.0%per year over the last three years. Cinemark has a dividend payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Cinemark to earn $2.43 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 14.8%.

Cinemark Price Performance

Shares of NYSE CNK opened at $26.40 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 5.03. Cinemark has a 1-year low of $21.60 and a 1-year high of $34.01. The firm has a market capitalization of $3.08 billion, a P/E ratio of 23.36 and a beta of 1.03. The firm’s 50-day moving average price is $28.10 and its 200-day moving average price is $26.41.

Cinemark (NYSE:CNK) last posted its earnings results on Friday, May 1st. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Cinemark had a return on equity of 41.31% and a net margin of 5.31%.The business had revenue of $643.10 million during the quarter, compared to analyst estimates of $632.74 million. During the same quarter in the prior year, the company earned ($0.32) EPS. The company’s revenue was up 18.9% on a year-over-year basis. Equities research analysts anticipate that Cinemark will post 2.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on CNK. B. Riley Financial reiterated a “neutral” rating on shares of Cinemark in a research note on Friday, April 17th. Barrington Research reissued an “outperform” rating and issued a $36.00 price target on shares of Cinemark in a report on Monday, May 4th. Zacks Research raised shares of Cinemark from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Cinemark in a report on Friday, March 27th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $22.00 price target on shares of Cinemark in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Cinemark has an average rating of “Moderate Buy” and a consensus target price of $33.31.

Cinemark Company Profile

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in?theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate?owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large?format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.