Roth Capital Has Pessimistic Outlook of IMAX Q1 Earnings

IMAX Co. (NYSE:IMAX - Free Report) - Investment analysts at Roth Capital dropped their Q1 2025 earnings estimates for shares of IMAX in a report released on Tuesday, April 22nd. Roth Capital analyst E. Handler now expects that the company will earn $0.06 per share for the quarter, down from their prior forecast of $0.15. The consensus estimate for IMAX's current full-year earnings is $0.91 per share. Roth Capital also issued estimates for IMAX's FY2025 earnings at $0.96 EPS, FY2026 earnings at $1.14 EPS and FY2027 earnings at $1.17 EPS.

IMAX (NYSE:IMAX - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. IMAX had a return on equity of 8.60% and a net margin of 7.40%. The firm had revenue of $86.67 million for the quarter, compared to the consensus estimate of $82.95 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The firm's revenue was up 9.6% on a year-over-year basis.

IMAX has been the topic of a number of other reports. Barrington Research restated an "outperform" rating and set a $32.00 price objective on shares of IMAX in a research report on Thursday, April 24th. Wells Fargo & Company dropped their price objective on shares of IMAX from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on shares of IMAX from $27.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Macquarie raised their target price on IMAX from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Friday. Finally, StockNews.com upgraded shares of IMAX from a "hold" rating to a "buy" rating in a report on Friday. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $30.56.

IMAX Stock Performance

Shares of NYSE:IMAX traded up $0.04 during midday trading on Thursday, hitting $24.00. The company's stock had a trading volume of 122,430 shares, compared to its average volume of 919,700. IMAX has a fifty-two week low of $14.94 and a fifty-two week high of $27.77. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 48.99, a PEG ratio of 1.49 and a beta of 0.91. The stock's 50 day simple moving average is $24.63 and its 200 day simple moving average is $24.38.

Hedge Funds Weigh In On IMAX

Large investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC bought a new stake in shares of IMAX during the 3rd quarter worth approximately $6,322,000. SG Americas Securities LLC bought a new stake in IMAX during the fourth quarter worth $333,000. Janney Montgomery Scott LLC lifted its stake in IMAX by 1.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 29,176 shares of the company's stock valued at $747,000 after acquiring an additional 533 shares during the last quarter. Hedges Asset Management LLC grew its position in shares of IMAX by 3.1% in the 4th quarter. Hedges Asset Management LLC now owns 83,600 shares of the company's stock valued at $2,140,000 after acquiring an additional 2,500 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of IMAX by 138.5% during the 4th quarter. Blue Trust Inc. now owns 966 shares of the company's stock worth $25,000 after purchasing an additional 561 shares during the last quarter. Institutional investors and hedge funds own 93.51% of the company's stock.

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.