IMAX Co. (NYSE:IMAX - Free Report) - Equities research analysts at Barrington Research issued their Q1 2024 earnings per share estimates for shares of IMAX in a report issued on Monday, April 22nd. Barrington Research analyst J. Goss expects that the company will earn $0.06 per share for the quarter. Barrington Research currently has a "Outperform" rating and a $24.00 target price on the stock. The consensus estimate for IMAX's current full-year earnings is $0.57 per share. Barrington Research also issued estimates for IMAX's Q1 2025 earnings at $0.03 EPS.
IMAX (NYSE:IMAX - Get Free Report) last issued its earnings results on Tuesday, February 27th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.05 by $0.12. IMAX had a return on equity of 9.59% and a net margin of 6.76%. The business had revenue of $86.02 million during the quarter, compared to the consensus estimate of $85.83 million. During the same quarter last year, the company earned $0.05 EPS. The firm's revenue was down 12.3% compared to the same quarter last year.
A number of other equities analysts have also recently weighed in on the company. StockNews.com cut IMAX from a "buy" rating to a "hold" rating in a report on Saturday, January 27th. B. Riley decreased their price objective on IMAX from $27.00 to $21.00 and set a "buy" rating on the stock in a report on Tuesday, January 2nd. The Goldman Sachs Group decreased their price objective on IMAX from $15.00 to $13.00 and set a "sell" rating on the stock in a report on Thursday, January 11th. Wedbush reissued an "outperform" rating and set a $22.00 price objective on shares of IMAX in a report on Thursday, April 18th. Finally, Rosenblatt Securities decreased their price objective on IMAX from $30.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.57.
View Our Latest Stock Analysis on IMAX
IMAX Price Performance
Shares of NYSE:IMAX traded down $0.20 on Thursday, hitting $17.46. The company's stock had a trading volume of 2,637,102 shares, compared to its average volume of 862,634. The company has a 50-day simple moving average of $16.31 and a 200 day simple moving average of $16.09. IMAX has a 1 year low of $13.20 and a 1 year high of $21.82. The company has a market capitalization of $924.52 million, a PE ratio of 37.96, a PEG ratio of 1.53 and a beta of 1.25.
Institutional Investors Weigh In On IMAX
Several hedge funds have recently added to or reduced their stakes in IMAX. PNC Financial Services Group Inc. bought a new stake in IMAX in the fourth quarter worth $33,000. Tower Research Capital LLC TRC raised its stake in shares of IMAX by 545.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,992 shares of the company's stock worth $75,000 after purchasing an additional 4,218 shares during the last quarter. Partnership Wealth Management LLC purchased a new position in shares of IMAX in the fourth quarter worth $111,000. SG Americas Securities LLC purchased a new position in shares of IMAX in the third quarter worth $139,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of IMAX in the third quarter worth $160,000. 93.51% of the stock is owned by institutional investors.
Insider Activity at IMAX
In related news, VP Robert D. Lister sold 25,000 shares of IMAX stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $16.87, for a total transaction of $421,750.00. Following the sale, the vice president now directly owns 138,889 shares in the company, valued at $2,343,057.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 24.33% of the stock is currently owned by corporate insiders.
About IMAX
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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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