Equities Analysts Offer Predictions for IMAX FY2025 Earnings

IMAX Corporation (NYSE:IMAX - Free Report) - Analysts at Roth Capital lowered their FY2025 EPS estimates for shares of IMAX in a research note issued on Wednesday, July 9th. Roth Capital analyst E. Handler now expects that the company will post earnings per share of $0.91 for the year, down from their previous estimate of $0.97. Roth Capital has a "Buy" rating and a $36.00 price objective on the stock. The consensus estimate for IMAX's current full-year earnings is $0.91 per share. Roth Capital also issued estimates for IMAX's FY2027 earnings at $1.16 EPS.

IMAX (NYSE:IMAX - Get Free Report) last released its quarterly 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 firm had revenue of $86.67 million during the quarter, compared to analyst estimates of $82.95 million. During the same quarter last year, the business earned $0.15 EPS. The company's revenue was up 9.6% compared to the same quarter last year.

A number of other equities analysts also recently issued reports on IMAX. Wedbush reaffirmed an "outperform" rating on shares of IMAX in a report on Friday. Wall Street Zen raised IMAX from a "hold" rating to a "buy" rating in a report on Friday, May 16th. JPMorgan Chase & Co. reduced their target price on IMAX from $27.00 to $26.00 and set a "neutral" rating for the company in a report on Friday, April 11th. B. Riley reissued a "buy" rating and set a $36.00 price objective on shares of IMAX in a report 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 analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $31.70.

IMAX Stock Performance

Shares of IMAX stock traded up $0.71 during trading hours on Friday, hitting $26.88. 1,003,931 shares of the company were exchanged, compared to its average volume of 791,771. The firm has a market cap of $1.44 billion, a P/E ratio of 57.19, a P/E/G ratio of 1.67 and a beta of 0.80. IMAX has a fifty-two week low of $16.87 and a fifty-two week high of $29.66. The company has a 50 day simple moving average of $27.26 and a two-hundred day simple moving average of $25.50.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV bought a new stake in IMAX in the 1st quarter worth approximately $59,000. Tower Research Capital LLC TRC increased its position in shares of IMAX by 415.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,236 shares of the company's stock valued at $185,000 after purchasing an additional 5,832 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of IMAX during the 1st quarter valued at approximately $202,000. Wealthfront Advisers LLC bought a new position in shares of IMAX during the 4th quarter valued at approximately $217,000. Finally, State of Tennessee Department of Treasury increased its position in shares of IMAX by 19.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 9,827 shares of the company's stock valued at $252,000 after purchasing an additional 1,627 shares during the last quarter. 93.51% of the stock is owned by hedge funds and other institutional investors.

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

IMAX Company Profile

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.