IMAX (NYSE:IMAX - Get Free Report) is expected to issue its Q2 2025 quarterly earnings data before the market opens on Thursday, July 24th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $93.04 million for the quarter.
IMAX (NYSE:IMAX - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. The firm had revenue of $86.67 million during the quarter, compared to the consensus estimate of $82.95 million. IMAX had a net margin of 6.98% and a return on equity of 7.79%. The company's revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS. On average, analysts expect IMAX to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
IMAX Trading Down 0.4%
Shares of IMAX stock traded down $0.12 during trading on Friday, reaching $28.42. 661,287 shares of the company's stock traded hands, compared to its average volume of 888,709. The company 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. The firm's 50-day moving average is $27.49 and its 200 day moving average is $25.59. IMAX has a 1 year low of $17.44 and a 1 year high of $29.66.
IMAX announced that its Board of Directors has approved a share buyback plan on Thursday, June 12th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 6.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.
Wall Street Analyst Weigh In
IMAX has been the topic of a number of recent research reports. Wedbush restated an "outperform" rating on shares of IMAX in a research note on Friday, July 11th. Wells Fargo & Company cut their price target on shares of IMAX from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Barrington Research reissued an "outperform" rating and issued a $32.00 price target on shares of IMAX in a report on Thursday, April 24th. Benchmark reissued a "buy" rating on shares of IMAX in a report on Wednesday, July 9th. Finally, Macquarie raised their price target on shares of IMAX from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, IMAX presently has an average rating of "Buy" and a consensus price target of $31.70.
View Our Latest Analysis on IMAX
Institutional Investors Weigh In On IMAX
Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in IMAX by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,486 shares of the company's stock worth $672,000 after acquiring an additional 1,091 shares during the last quarter. AQR Capital Management LLC grew its holdings in IMAX by 47.9% in the 1st quarter. AQR Capital Management LLC now owns 56,348 shares of the company's stock worth $1,485,000 after acquiring an additional 18,238 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in IMAX by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,714 shares of the company's stock worth $4,208,000 after acquiring an additional 11,736 shares during the last quarter. Institutional investors own 93.51% of the company's stock.
IMAX Company Profile
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Get Free Report)
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.
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