Q1 Earnings Estimate for IMAX Issued By Wedbush (NYSE:IMAX)

Key Points

• Wedbush increased its Q1 2026 earnings estimate for IMAX to $0.20 per share, up from $0.19, and maintains an "Outperform" rating with a target price of $39.00.
• Institutional investors hold a significant 93.51% of IMAX's stock, showing confidence in the company's potential.
• IMAX's board approved a $100 million share buyback program, indicating the company believes its stock is undervalued.

IMAX Corporation (NYSE:IMAX - Free Report) - Equities researchers at Wedbush upped their Q1 2026 earnings per share (EPS) estimates for shares of IMAX in a research note issued to investors on Monday, September 22nd. Wedbush analyst A. Reese now forecasts that the company will post earnings of $0.20 per share for the quarter, up from their previous forecast of $0.19. Wedbush currently has a "Outperform" rating and a $39.00 target price on the stock. The consensus estimate for IMAX's current full-year earnings is $0.91 per share. Wedbush also issued estimates for IMAX's Q4 2026 earnings at $0.53 EPS.

IMAX has been the topic of a number of other reports. Wells Fargo & Company upped their price objective on IMAX from $30.00 to $34.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Roth Capital reaffirmed a "buy" rating and issued a $36.00 price target on shares of IMAX in a research note on Wednesday, July 9th. The Goldman Sachs Group reissued a "sell" rating on shares of IMAX in a research report on Friday, July 25th. Barrington Research upped their target price on shares of IMAX from $32.00 to $37.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Benchmark increased their target price on shares of IMAX from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.70.

IMAX Price Performance

IMAX stock opened at $32.64 on Tuesday. The firm has a 50 day simple moving average of $28.11 and a 200-day simple moving average of $26.71. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 54.40, a price-to-earnings-growth ratio of 2.17 and a beta of 0.68. IMAX has a 1-year low of $18.76 and a 1-year high of $32.96.

IMAX (NYSE:IMAX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.07. The firm had revenue of $91.68 million during the quarter, compared to analysts' expectations of $93.04 million. IMAX had a net margin of 9.04% and a return on equity of 8.62%. IMAX's revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $0.18 earnings per share.

IMAX announced that its board has approved a share buyback program on Thursday, June 12th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 6.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Insider Transactions at IMAX

In other news, VP Robert D. Lister sold 20,000 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $32.80, for a total transaction of $656,000.00. Following the sale, the vice president owned 161,421 shares of the company's stock, valued at approximately $5,294,608.80. This trade represents a 11.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kenneth Ian Weissman sold 15,072 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $25.65, for a total value of $386,596.80. Following the completion of the transaction, the insider directly owned 26,133 shares of the company's stock, valued at $670,311.45. This trade represents a 36.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 24.08% of the stock is owned by insiders.

Institutional Trading of IMAX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IMAX. Caxton Associates LLP acquired a new position in shares of IMAX in the 2nd quarter valued at $228,000. Tower Research Capital LLC TRC raised its stake in IMAX by 194.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,148 shares of the company's stock worth $116,000 after acquiring an additional 2,740 shares in the last quarter. Orbis Allan Gray Ltd lifted its position in IMAX by 31.7% in the second quarter. Orbis Allan Gray Ltd now owns 5,113,033 shares of the company's stock valued at $142,960,000 after acquiring an additional 1,230,267 shares during the last quarter. HRT Financial LP boosted its stake in IMAX by 145.5% in the second quarter. HRT Financial LP now owns 103,271 shares of the company's stock valued at $2,887,000 after acquiring an additional 61,200 shares in the last quarter. Finally, Engineers Gate Manager LP grew its holdings in shares of IMAX by 152.3% during the second quarter. Engineers Gate Manager LP now owns 20,491 shares of the company's stock worth $573,000 after purchasing an additional 12,369 shares during the last quarter. 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.

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