Roth Capital Reiterates "Buy" Rating for IMAX (NYSE:IMAX)

Roth Capital reissued their buy rating on shares of IMAX (NYSE:IMAX - Free Report) in a report published on Wednesday,Benzinga reports. Roth Capital currently has a $36.00 price target on the stock. Roth Capital also issued estimates for IMAX's Q2 2025 earnings at $0.12 EPS, FY2025 earnings at $0.91 EPS, FY2026 earnings at $1.12 EPS and FY2027 earnings at $1.16 EPS.

Other equities research analysts have also recently issued research reports about the stock. Macquarie raised their target price on shares of IMAX from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Wedbush restated an "outperform" rating and issued a $32.00 target price on shares of IMAX in a report on Thursday, April 17th. B. Riley restated a "buy" rating and issued a $36.00 target price on shares of IMAX in a report on Friday, May 16th. Benchmark reaffirmed a "buy" rating and set a $30.00 target price on shares of IMAX in a report on Thursday, April 10th. Finally, Wells Fargo & Company reduced their target price 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. One 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. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $31.70.

IMAX Stock Performance

Shares of IMAX traded up $0.71 on Wednesday, hitting $26.88. 1,003,931 shares of the stock traded hands, compared to its average volume of 790,874. The company has a market capitalization of $1.44 billion, a PE ratio of 57.19, a P/E/G ratio of 1.66 and a beta of 0.80. The business has a 50 day simple moving average of $27.22 and a 200 day simple moving average of $25.49. IMAX has a one year low of $16.62 and a one year high of $29.66.

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

IMAX declared that its Board of Directors has authorized a stock buyback program on Thursday, June 12th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 6.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

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