Cinemark Holdings Inc (NYSE:CNK) Plans Quarterly Dividend of $0.09

Cinemark Holdings Inc (NYSE:CNK) declared a quarterly dividend on Thursday, May 14th. Stockholders of record on Thursday, May 28th will be given 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 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% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

NYSE CNK opened at $26.36 on Friday. The company has a market cap of $3.08 billion, a PE ratio of 23.33 and a beta of 1.03. The stock’s 50 day simple moving average is $28.20 and its 200-day simple moving average is $26.43. Cinemark has a 1-year low of $21.60 and a 1-year high of $34.01. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.62 and a quick ratio of 0.58.

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Friday, May 1st. The company reported ($0.06) EPS 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 company had revenue of $643.10 million for the quarter, compared to analysts’ expectations of $632.74 million. During the same quarter in the previous year, the business posted ($0.32) EPS. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Cinemark will post 2.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. UBS Group upgraded Cinemark to a “buy” rating in a research report on Tuesday, January 20th. Zacks Research upgraded Cinemark from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cinemark in a research report on Friday, March 27th. Moffett Nathanson upgraded Cinemark from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, January 20th. Finally, Wells Fargo & Company lifted their price objective on Cinemark from $32.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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.