IMAX (IMAX) Set to Announce 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 interested in listening to the company’s conference call can do so using this link.

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

IMAX Trading Up 1.7 %

IMAX opened at $17.44 on Wednesday. The stock’s 50-day moving average price is $16.25 and its 200 day moving average price is $16.08. IMAX has a 12-month low of $13.20 and a 12-month high of $21.82. The firm has a market cap of $923.45 million, a price-to-earnings ratio of 37.91, a PEG ratio of 1.52 and a beta of 1.25.

Insider Buying and Selling at IMAX

In other IMAX news, VP Robert D. Lister sold 25,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $16.87, for a total value of $421,750.00. Following the sale, the vice president now owns 138,889 shares of the company’s stock, valued at approximately $2,343,057.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 24.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $22.00 target price on shares of IMAX in a research note on Thursday, April 18th. B. Riley decreased their target price on IMAX from $27.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, January 2nd. Barrington Research reissued an “outperform” rating and set a $24.00 target price on shares of IMAX in a research note on Monday. StockNews.com lowered IMAX from a “buy” rating to a “hold” rating in a research note on Saturday, January 27th. Finally, The Goldman Sachs Group decreased their target price on IMAX from $15.00 to $13.00 and set a “sell” rating on the stock in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.57.

IMAX Company Profile

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.