Cineplex (CGX) Scheduled to Post Earnings on Thursday

Cineplex (TSE:CGX) is set to issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect Cineplex to post earnings of C($0.15) per share for the quarter.

Cineplex (TSE:CGX) last posted its earnings results on Thursday, February 8th. The company reported C($0.19) earnings per share for the quarter. The firm had revenue of C$315.08 million during the quarter, compared to the consensus estimate of C$359.50 million.

Cineplex Trading Up 0.3 %

CGX stock opened at C$9.08 on Wednesday. Cineplex has a 52 week low of C$7.14 and a 52 week high of C$10.26. The company has a debt-to-equity ratio of 7,933.30, a quick ratio of 0.22 and a current ratio of 0.55. The company’s 50-day simple moving average is C$7.85 and its 200 day simple moving average is C$8.17. The company has a market capitalization of C$578.21 million, a PE ratio of 5.03, a price-to-earnings-growth ratio of 0.30 and a beta of 2.84.

Insider Buying and Selling

In other news, Senior Officer Gordon Nelson bought 10,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were bought at an average cost of C$7.47 per share, with a total value of C$74,700.00. In other Cineplex news, Senior Officer Kevin David Watts purchased 3,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average price of C$7.92 per share, with a total value of C$25,344.00. Also, Senior Officer Gordon Nelson acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were bought at an average cost of C$7.47 per share, with a total value of C$74,700.00. In the last three months, insiders have bought 14,500 shares of company stock valued at $109,911. 1.52% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CGX shares. Canaccord Genuity Group dropped their price target on shares of Cineplex from C$13.75 to C$13.00 and set a “buy” rating for the company in a research report on Friday, February 9th. National Bankshares cut their target price on Cineplex from C$13.50 to C$12.50 and set an “outperform” rating for the company in a research report on Tuesday, January 16th. Royal Bank of Canada decreased their price target on Cineplex from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Friday, February 9th. Scotiabank upped their price objective on shares of Cineplex from C$11.00 to C$11.25 and gave the stock an “outperform” rating in a research report on Friday, March 8th. Finally, BMO Capital Markets raised their target price on shares of Cineplex from C$11.50 to C$12.50 and gave the company a “market perform” rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$12.88.

Cineplex Company Profile

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.