IMAX's (IMAX) Buy Rating Reaffirmed at Roth Capital

Roth Capital reissued their buy rating on shares of IMAX (NYSE:IMAX - Free Report) in a report issued on Wednesday morning,Benzinga reports. Roth Capital currently has a $36.00 target price on the stock. Roth Capital also issued estimates for IMAX's Q2 2025 earnings at $0.12 EPS and FY2026 earnings at $1.12 EPS.

Several other equities research analysts have also recently issued reports on the company. Wedbush reissued an "outperform" rating and set a $32.00 target price on shares of IMAX in a research note on Thursday, April 17th. JPMorgan Chase & Co. cut their target price on IMAX from $27.00 to $26.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Wall Street Zen raised IMAX from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. B. Riley reissued a "buy" rating and set a $36.00 target price on shares of IMAX in a research note on Friday, May 16th. Finally, Wells Fargo & Company cut their target price on IMAX from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $31.70.

IMAX Price Performance

Shares of NYSE:IMAX traded down $0.13 during midday trading on Wednesday, hitting $26.17. The company had a trading volume of 893,605 shares, compared to its average volume of 790,022. IMAX has a twelve month low of $16.62 and a twelve month high of $29.66. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 55.68, a price-to-earnings-growth ratio of 1.66 and a beta of 0.80. The business's 50-day simple moving average is $27.22 and its 200-day simple moving average is $25.49.

IMAX (NYSE:IMAX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. IMAX had a return on equity of 7.79% and a net margin of 6.98%. The firm had revenue of $86.67 million during the quarter, compared to analysts' expectations of $82.95 million. During the same quarter last year, the firm earned $0.15 earnings per share. The business's revenue for the quarter was up 9.6% on a year-over-year basis. As a group, sell-side analysts forecast that IMAX will post 0.91 EPS for the current year.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IMAX. US Bancorp DE boosted its holdings in IMAX by 60.3% in the fourth quarter. US Bancorp DE now owns 12,276 shares of the company's stock valued at $314,000 after purchasing an additional 4,620 shares during the period. Proficio Capital Partners LLC purchased a new position in IMAX in the fourth quarter valued at $502,000. Raymond James Financial Inc. purchased a new stake in IMAX during the 4th quarter worth about $9,143,000. Wealthfront Advisers LLC purchased a new stake in IMAX during the 4th quarter worth about $217,000. Finally, Intech Investment Management LLC lifted its holdings in IMAX by 116.1% during the 4th quarter. Intech Investment Management LLC now owns 21,589 shares of the company's stock worth $553,000 after buying an additional 11,597 shares during the last quarter. 93.51% of the stock is currently owned by hedge funds and other institutional investors.

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.