Imax Corporation (IMAX) Scheduled to Post Earnings on Wednesday
Imax Corporation (NYSE:IMAX) will be posting its quarterly earnings results after the market closes on Wednesday, October 18th. Analysts expect Imax Corporation to post earnings of $0.08 per share for the quarter.
Imax Corporation (NYSE:IMAX) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.17. Imax Corporation had a net margin of 2.81% and a return on equity of 2.39%. The business had revenue of $87.76 million during the quarter, compared to analysts’ expectations of $89.26 million. During the same period last year, the company posted $0.18 EPS. The business’s revenue was down 4.3% on a year-over-year basis. On average, analysts expect Imax Corporation to post $0.23 EPS for the current fiscal year and $0.77 EPS for the next fiscal year.
Imax Corporation (IMAX) opened at 21.15 on Monday. Imax Corporation has a 52 week low of $17.58 and a 52 week high of $35.30. The stock has a market capitalization of $1.37 billion, a PE ratio of 142.91 and a beta of 0.99. The firm has a 50 day moving average of $21.29 and a 200-day moving average of $24.31.
In other Imax Corporation news, CFO Patrick Mcclymont sold 1,760 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $20.50, for a total transaction of $36,080.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Greg Foster sold 9,417 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $19.55, for a total transaction of $184,102.35. Following the transaction, the chief executive officer now directly owns 67,018 shares of the company’s stock, valued at approximately $1,310,201.90. The disclosure for this sale can be found here. Company insiders own 18.90% of the company’s stock.
IMAX has been the subject of a number of recent research reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $28.00 target price on shares of Imax Corporation in a research report on Sunday, September 17th. Zacks Investment Research cut shares of Imax Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Wedbush reiterated a “buy” rating and issued a $29.00 target price on shares of Imax Corporation in a research report on Tuesday, October 10th. BidaskClub upgraded shares of Imax Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, MKM Partners reduced their target price on shares of Imax Corporation from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, July 7th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $32.00.
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Imax Corporation Company Profile
IMAX Corporation is an entertainment technology company. The Company operates through seven segments: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment.
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