|Bid||29.00 x 1800|
|Ask||29.45 x 900|
|Day's Range||28.46 - 31.80|
|52 Week Range||28.46 - 43.51|
|Beta (5Y Monthly)||0.64|
|PE Ratio (TTM)||17.88|
|Forward Dividend & Yield||1.36 (4.16%)|
|Ex-Dividend Date||Dec 02, 2019|
|1y Target Est||N/A|
Paramount Studios is betting big on Tom Cruise, as the star returns in the 'Top Gun: Maverick' trailer. Yahoo Finance's Zack Guzman, Sibile Marcellus discuss with Kindur CEO, Rhian Horgan.
National CineMedia Inc. shares soared more than 16% Friday, after the cinema advertising network operator topped earnings estimates for the fourth quarter and surprised investors with a dividend hike.
Cinemark (CNK) delivered earnings and revenue surprises of -51.11% and -0.15%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Cinema chain operator Cinemark Holdings Inc. said Friday it had net income of $26.3 million, or 22 cents a share, in the fourth quarter, up from $19.4 million, or 17 cents a share, in the year-earlier period. Revenue fell to $788.8 million from $796.8 million. The FactSet consensus was for EPS of 43 cents and revenue of $799 million. Admissions revenue came to $434.2 million, while concession revenue came to $275.0 million. "Continued benefits derived from our strategic initiatives enabled us to surpass North American industry box office results by 200 bps in 2019, and our consistent financial strength gave our Board of Directors confidence to approve an $0.08 increase to our dividend to $1.44 per annum, which has now grown 33% over the past five years," Chief Executive Mark Zoradi said in a statement. The new quarterly dividend of 36 cents will be paid March 20, to shareholders of record as of March 6. Cinemark had 6,132 screens in total at year-end and is planning to open 13 new cinemas and 150 screens in 2020. Shares rose 1% premarket, but have fallen 11% in the last 12 months, while the S&P 500 has gained 22%.
VIP Cinema Holdings, the largest maker of luxury reclining seats for U.S. movie theaters, on Tuesday filed for bankruptcy, citing a glut of seating as box office receipts fell, screen growth slowed, and older seats lasted longer than expected. In filings with the U.S. bankruptcy court in Delaware, VIP said its Chapter 11 reorganization would hand control to its lenders and private equity firm H.I.G. Capital, which would take a 51% equity stake, and eliminate $178 million of long-term debt. It said it has a 70% share of the U.S. market for luxury movie theater seating.
Cinemark (CNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cinemark Holdings Inc. shares were lower in a rising market Wednesday, after MKM Partners cut its stock price target, but said there are many reasons to believe the stock is oversold. Analyst Eric Handler, who rates the stock a buy, lowered his stock price target to $36 from $42, describing the cinema chain as an "out of favor name, but one with several positive investment highlights." These include a clean balance sheet, that makes it likely the company will raise its annual dividend for a fifth straight year. The analyst also likes the company's Latin America presence and declining capex outlook. "With a challenging 2020 box office outlook, the first half is likely to prove difficult for Cinemark's shares," he wrote in a note. "That said, driven by what appears to be a stronger 2021 release slate, it is our view a recovery in 2H20 has merit." In Latin America, Brazil, Cinemark's biggest Latam market, outperformed the regional market in the fourth quarter with revenue up 3.6%. That trend continued in January, when the Brazil box office set a record for the month. Shares have fallen 14% in the last 12 months, while the S&P 500 has gained 23%.
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Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Cinemark USA, Inc. New York, November 11, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Cinemark USA, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Cinemark (CNK) delivered earnings and revenue surprises of 0.00% and 2.12%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
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