IMAX (IMAX) to Release Quarterly Earnings on Thursday

IMAX (NYSE:IMAX) is scheduled to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

IMAX (NYSE:IMAX) last posted its earnings results on Tuesday, February 27th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.12. The firm had revenue of $86.02 million during the quarter, compared to the consensus estimate of $85.83 million. IMAX had a net margin of 6.76% and a return on equity of 9.59%. The company’s revenue was down 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. On average, analysts expect IMAX to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

IMAX Stock Performance

IMAX opened at $17.15 on Tuesday. The firm has a 50 day moving average price of $16.19 and a 200 day moving average price of $16.09. The company has a market cap of $908.09 million, a PE ratio of 37.28, a price-to-earnings-growth ratio of 1.52 and a beta of 1.25. IMAX has a 1 year low of $13.20 and a 1 year high of $21.82.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. StockNews.com downgraded shares of IMAX from a “buy” rating to a “hold” rating in a research report on Saturday, January 27th. JPMorgan Chase & Co. dropped their target price on shares of IMAX from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. Wedbush reissued an “outperform” rating and set a $22.00 target price on shares of IMAX in a research report on Thursday, April 18th. The Goldman Sachs Group decreased their price target on IMAX from $15.00 to $13.00 and set a “sell” rating for the company in a report on Thursday, January 11th. Finally, B. Riley decreased their price target on IMAX from $27.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.57.

Insiders Place Their Bets

In other news, VP Robert D. Lister sold 25,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $16.87, for a total transaction of $421,750.00. Following the completion of the transaction, the vice president now directly owns 138,889 shares in the company, valued at approximately $2,343,057.43. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 24.33% of the stock is owned by company insiders.

About IMAX

IMAX Corporation, together with its subsidiaries, operates as a technology platform for entertainment and events worldwide. The company operates in two segments, Content Solutions and Technology Products and Services. The company offers IMAX DMR, a proprietary technology that digitally remasters films and other content into IMAX formats for distribution to the IMAX network; IMAX Enhanced that provides end-to-end technology across streaming content and entertainment devices at home; and SSIMWAVE, an AI-driven video quality solutions for media and entertainment companies.