FY2017 EPS Estimates for Cineplex Inc Cut by National Bank Financial (CGX)
Cineplex Inc (TSE:CGX) – Stock analysts at National Bank Financial reduced their FY2017 earnings estimates for shares of Cineplex in a research note issued on Wednesday. National Bank Financial analyst A. Shine now expects that the company will earn $1.29 per share for the year, down from their prior estimate of $1.76. National Bank Financial also issued estimates for Cineplex’s FY2018 earnings at $1.36 EPS.
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Several other research analysts also recently commented on the company. Scotiabank cut their target price on Cineplex from C$60.00 to C$57.00 and set an “outperform” rating on the stock in a report on Thursday, July 20th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a C$58.00 target price on shares of Cineplex in a report on Monday, April 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$58.00 target price on shares of Cineplex in a report on Monday, June 19th. TD Securities reaffirmed a “buy” rating and set a C$60.00 target price on shares of Cineplex in a report on Monday, May 1st. Finally, Royal Bank Of Canada lifted their target price on Cineplex from C$53.00 to C$54.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 3rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$51.00.
Cineplex (CGX) opened at 43.97 on Monday. Cineplex has a 1-year low of $43.75 and a 1-year high of $54.81. The firm has a 50-day moving average price of $51.55 and a 200 day moving average price of $51.68. The firm has a market cap of $3.14 billion and a price-to-earnings ratio of 37.45.
The company also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Monday, July 31st will be paid a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Thursday, July 27th.
Cineplex Company Profile
Cineplex Inc operates motion picture theatre circuits in Canada and internationally. It operates through two segments, Exhibition and Media. The company engages in various businesses, including theatrical exhibition, food services, gaming, alternative programming, Cineplex digital solutions, and the online sale of home entertainment content through CineplexStore.com and on apps embedded in various electronic devices.
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