Barrington Research Predicts IMAX's Q1 Earnings (NYSE:IMAX)

IMAX Corporation (NYSE:IMAX - Free Report) - Research analysts at Barrington Research lifted their Q1 2026 earnings per share (EPS) estimates for IMAX in a research note issued on Wednesday, July 16th. Barrington Research analyst P. Sholl now expects that the company will post earnings of $0.14 per share for the quarter, up from their previous forecast of $0.10. Barrington Research has a "Outperform" rating and a $32.00 price objective on the stock. The consensus estimate for IMAX's current full-year earnings is $0.91 per share. Barrington Research also issued estimates for IMAX's Q4 2026 earnings at $0.27 EPS.

Several other research firms have also commented on IMAX. Wall Street Zen raised IMAX from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. B. Riley reaffirmed a "buy" rating and set a $36.00 price target on shares of IMAX in a research report on Friday, May 16th. Wedbush reiterated an "outperform" rating on shares of IMAX in a research note on Friday, July 11th. Benchmark reiterated a "buy" rating on shares of IMAX in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. lowered their target price on IMAX from $27.00 to $26.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $31.70.

IMAX Stock Down 0.4%

IMAX traded down $0.12 during trading on Thursday, hitting $28.42. 661,894 shares of the stock were exchanged, compared to its average volume of 799,658. The firm has a market capitalization of $1.53 billion, a P/E ratio of 60.47, a PEG ratio of 2.18 and a beta of 0.80. IMAX has a 1-year low of $17.44 and a 1-year high of $29.66. The stock has a fifty day moving average price of $27.49 and a two-hundred day moving average price of $25.59.

IMAX (NYSE:IMAX - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $86.67 million for the quarter, compared to analyst estimates of $82.95 million. IMAX had a return on equity of 7.79% and a net margin of 6.98%. The firm's revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share.

IMAX declared that its board has approved a stock buyback plan on Thursday, June 12th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to purchase up to 6.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.

Hedge Funds Weigh In On IMAX

A number of institutional investors have recently made changes to their positions in the stock. FMR LLC raised its holdings in shares of IMAX by 14.2% in the fourth quarter. FMR LLC now owns 4,508,583 shares of the company's stock worth $115,420,000 after acquiring an additional 558,940 shares during the last quarter. Orbis Allan Gray Ltd increased its stake in IMAX by 12.3% in the first quarter. Orbis Allan Gray Ltd now owns 3,882,766 shares of the company's stock valued at $102,311,000 after purchasing an additional 425,081 shares during the last quarter. Ameriprise Financial Inc. increased its stake in IMAX by 8.3% in the first quarter. Ameriprise Financial Inc. now owns 1,974,068 shares of the company's stock valued at $52,019,000 after purchasing an additional 150,552 shares during the last quarter. Mizuho Markets Americas LLC increased its stake in IMAX by 19.3% in the first quarter. Mizuho Markets Americas LLC now owns 710,489 shares of the company's stock valued at $18,721,000 after purchasing an additional 114,800 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in IMAX by 45.4% in the fourth quarter. Wells Fargo & Company MN now owns 624,510 shares of the company's stock valued at $15,987,000 after purchasing an additional 194,917 shares during the last quarter. 93.51% of the stock is owned by institutional investors and hedge funds.

About IMAX

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.