IMAX (NYSE:IMAX) Receives "Outperform" Rating from Wedbush

Wedbush reiterated their outperform rating on shares of IMAX (NYSE:IMAX - Free Report) in a report published on Friday morning,RTT News reports. Wedbush also issued estimates for IMAX's Q2 2025 earnings at $0.11 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.38 EPS, FY2025 earnings at $0.78 EPS, Q2 2026 earnings at $0.17 EPS, Q3 2026 earnings at $0.33 EPS, Q4 2026 earnings at $0.41 EPS, FY2026 earnings at $1.04 EPS and FY2027 earnings at $1.34 EPS.

Several other equities research analysts also recently weighed in on the company. 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. Wells Fargo & Company dropped their target price on IMAX from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Macquarie lifted their price target on IMAX from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Wall Street Zen upgraded IMAX from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Finally, Roth Capital reaffirmed a "buy" rating and set a $36.00 target price on shares of IMAX in a report on Wednesday, July 9th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, IMAX currently has an average rating of "Buy" and a consensus price target of $31.70.

IMAX Stock Up 3.6%

Shares of IMAX stock traded up $0.97 on Friday, reaching $27.90. 995,761 shares of the stock were exchanged, compared to its average volume of 793,870. The business has a 50 day moving average price of $27.26 and a two-hundred day moving average price of $25.50. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 59.35, a PEG ratio of 2.08 and a beta of 0.80. IMAX has a twelve month low of $16.87 and a twelve month high of $29.66.

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

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

Institutional Trading of IMAX

Institutional investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in IMAX by 14.2% in the 4th quarter. FMR LLC now owns 4,508,583 shares of the company's stock worth $115,420,000 after buying an additional 558,940 shares during the last quarter. Jane Street Group LLC lifted its position in shares of IMAX by 2,496.9% in the first quarter. Jane Street Group LLC now owns 573,919 shares of the company's stock valued at $15,123,000 after acquiring an additional 551,819 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of IMAX by 36.9% in the fourth quarter. Ameriprise Financial Inc. now owns 1,823,516 shares of the company's stock valued at $46,671,000 after acquiring an additional 491,172 shares in the last quarter. Orbis Allan Gray Ltd boosted its stake in shares of IMAX by 12.3% in the first quarter. Orbis Allan Gray Ltd now owns 3,882,766 shares of the company's stock worth $102,311,000 after acquiring an additional 425,081 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in shares of IMAX in the first quarter worth approximately $11,181,000. 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.