B. Riley Has Pessimistic Outlook of IMAX Q2 Earnings

IMAX Corporation (NYSE:IMAX - Free Report) - Equities research analysts at B. Riley lowered their Q2 2025 earnings per share estimates for shares of IMAX in a report released on Sunday, July 20th. B. Riley analyst D. Crum now forecasts that the company will earn $0.18 per share for the quarter, down from their previous estimate of $0.20. B. Riley has a "Strong-Buy" rating on the stock. The consensus estimate for IMAX's current full-year earnings is $0.91 per share. B. Riley also issued estimates for IMAX's Q3 2025 earnings at $0.35 EPS, FY2025 earnings at $0.99 EPS and FY2026 earnings at $1.44 EPS.

IMAX has been the subject of several other reports. Wells Fargo & Company reduced their price objective on IMAX from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Benchmark reissued a "buy" rating on shares of IMAX in a research note on Wednesday, July 9th. Wall Street Zen raised IMAX from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Barrington Research reissued an "outperform" rating and issued a $32.00 price objective on shares of IMAX in a research note on Thursday. Finally, Macquarie increased their price objective on IMAX from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $31.70.

IMAX Stock Down 0.3%

Shares of IMAX stock traded down $0.10 during trading hours on Tuesday, hitting $28.93. 2,232,789 shares of the company's stock were exchanged, compared to its average volume of 900,170. The firm has a 50 day moving average of $27.64 and a two-hundred day moving average of $25.65. IMAX has a fifty-two week low of $18.76 and a fifty-two week high of $29.66. The firm has a market cap of $1.55 billion, a P/E ratio of 61.48, a P/E/G ratio of 2.19 and a beta of 0.80.

IMAX (NYSE:IMAX - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.07. The business had revenue of $91.68 million during the quarter, compared to the consensus estimate of $93.04 million. IMAX had a return on equity of 7.79% and a net margin of 6.98%. The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 EPS.

Hedge Funds Weigh In On IMAX

A number of hedge funds and other institutional investors have recently bought and sold shares of IMAX. Creative Financial Designs Inc. ADV purchased a new position in IMAX during the 1st quarter valued at about $59,000. Ridgewood Investments LLC acquired a new stake in IMAX in the 2nd quarter valued at about $62,000. Tower Research Capital LLC TRC raised its position in IMAX by 415.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,236 shares of the company's stock valued at $185,000 after purchasing an additional 5,832 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of IMAX during the 1st quarter worth about $202,000. Finally, State of Tennessee Department of Treasury raised its position in shares of IMAX by 19.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 9,827 shares of the company's stock worth $252,000 after acquiring an additional 1,627 shares in the last quarter. 93.51% of the stock is currently owned by hedge funds and other institutional investors.

IMAX declared that its board has approved a stock repurchase program on Thursday, June 12th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to buy up to 6.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

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.