IMAX Corporation (NYSE:IMAX - Free Report) - Stock analysts at Seaport Res Ptn cut their Q4 2025 earnings per share (EPS) estimates for shares of IMAX in a research report issued to clients and investors on Thursday, July 10th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will earn $0.25 per share for the quarter, down from their previous forecast of $0.26. The consensus estimate for IMAX's current full-year earnings is $0.91 per share.
Other equities analysts also recently issued reports about the stock. Wedbush reaffirmed an "outperform" rating and set a $32.00 price objective on shares of IMAX in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their price target on IMAX from $27.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Barrington Research reiterated an "outperform" rating and issued a $32.00 price objective on shares of IMAX in a research report on Thursday, April 24th. Rosenblatt Securities reissued a "buy" rating and set a $35.00 target price on shares of IMAX in a research note on Friday. Finally, B. Riley reaffirmed a "buy" rating and issued a $36.00 price target on shares of IMAX in a research note on Friday, May 16th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $31.70.
View Our Latest Analysis on IMAX
IMAX Price Performance
IMAX traded up $0.71 during trading on Friday, hitting $26.88. 1,003,931 shares of the stock traded hands, compared to its average volume of 791,771. The firm has a market capitalization of $1.44 billion, a P/E ratio of 57.19, a price-to-earnings-growth ratio of 1.67 and a beta of 0.80. IMAX has a 12-month low of $16.87 and a 12-month high of $29.66. The firm has a 50-day moving average of $27.26 and a 200 day moving average of $25.50.
IMAX (NYSE:IMAX - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. IMAX had a return on equity of 7.79% and a net margin of 6.98%. The firm had revenue of $86.67 million during the quarter, compared to analyst estimates of $82.95 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The business's quarterly revenue was up 9.6% compared to the same quarter last year.
Hedge Funds Weigh In On IMAX
Hedge funds have recently bought and sold shares of the business. Neuberger Berman Group LLC boosted its stake in shares of IMAX by 4.1% in the 1st quarter. Neuberger Berman Group LLC now owns 13,838 shares of the company's stock worth $365,000 after buying an additional 542 shares during the last quarter. Mission Wealth Management LP grew its stake in shares of IMAX by 2.9% during the 1st quarter. Mission Wealth Management LP now owns 30,408 shares of the company's stock valued at $801,000 after purchasing an additional 845 shares during the period. MetLife Investment Management LLC increased its position in shares of IMAX by 3.4% during the 4th quarter. MetLife Investment Management LLC now owns 25,918 shares of the company's stock valued at $664,000 after purchasing an additional 848 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of IMAX by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,395 shares of the company's stock worth $625,000 after purchasing an additional 905 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of IMAX by 1.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 104,510 shares of the company's stock worth $2,754,000 after buying an additional 1,309 shares during the last quarter. Hedge funds and other institutional investors own 93.51% of the company's stock.
IMAX announced that its board has approved a stock repurchase program on Thursday, June 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 6.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.
IMAX Company Profile
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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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