Cinemark Holdings, Inc. (CNK) Declares Quarterly Dividend of $0.25
Cinemark Holdings (NYSE:CNK) declared a quarterly dividend on Wednesday, August 13th, AnalystRatings.NET reports. Shareholders of record on Thursday, August 28th will be given a dividend of 0.25 per share on Friday, September 12th. This represents a $1.00 dividend on an annualized basis and a yield of 2.83%.
A number of research firms have recently commented on CNK. Analysts at Wunderlich raised their price target on shares of Cinemark Holdings from $40.00 to $44.00 in a research note on Wednesday. They now have a “buy” rating on the stock. On a related note, analysts at MKM Partners raised their price target on shares of Cinemark Holdings from $34.00 to $40.00 in a research note on Friday, July 18th. They now have a “buy” rating on the stock. Finally, analysts at Hudson Square Research initiated coverage on shares of Cinemark Holdings in a research note on Monday, July 7th. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $37.80.
Shares of Cinemark Holdings (NYSE:CNK) opened at 35.33 on Wednesday. Cinemark Holdings has a 1-year low of $27.29 and a 1-year high of $35.96. The stock has a 50-day moving average of $34.15 and a 200-day moving average of $30.94. The company has a market cap of $4.056 billion and a P/E ratio of 20.19.
Cinemark Holdings (NYSE:CNK) last announced its earnings results on Tuesday, August 5th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.14. The company had revenue of $717.90 million for the quarter, compared to the consensus estimate of $706.42 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. On average, analysts predict that Cinemark Holdings will post $1.79 earnings per share for the current fiscal year.
In other Cinemark Holdings news, Insider Valmir Fernandes sold 24,141 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $35.01, for a total transaction of $845,176.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres. The Company manages its business in two segments: United States markets and international markets.
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