Cineplex Inc. (TSE:CGX - Free Report) - Investment analysts at National Bank Financial issued their Q1 2024 earnings estimates for Cineplex in a research note issued to investors on Wednesday, April 10th. National Bank Financial analyst A. Shine expects that the company will post earnings per share of ($0.15) for the quarter. The consensus estimate for Cineplex's current full-year earnings is $0.51 per share. National Bank Financial also issued estimates for Cineplex's FY2025 earnings at $0.96 EPS.
A number of other equities research analysts also recently issued reports on CGX. Scotiabank increased their target price on shares of Cineplex from C$11.00 to C$11.25 and gave the stock an "outperform" rating in a research report on Friday, March 8th. National Bankshares cut their target price on shares of Cineplex from C$13.50 to C$12.50 and set an "outperform" rating for the company in a research report on Tuesday, January 16th. Royal Bank of Canada cut their target price on shares of Cineplex from C$15.00 to C$14.00 and set an "outperform" rating for the company in a research report on Friday, February 9th. Canaccord Genuity Group cut their target price on shares of Cineplex from C$13.75 to C$13.00 and set a "buy" rating for the company in a research report on Friday, February 9th. Finally, BMO Capital Markets raised their price target on shares of Cineplex from C$11.50 to C$12.50 and gave the company a "market perform" rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Cineplex presently has a consensus rating of "Moderate Buy" and an average target price of C$12.88.
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Cineplex Trading Down 2.5 %
Shares of TSE:CGX traded down C$0.20 during mid-day trading on Friday, hitting C$7.66. The stock had a trading volume of 289,184 shares, compared to its average volume of 334,289. Cineplex has a 12-month low of C$7.14 and a 12-month high of C$10.26. The company has a debt-to-equity ratio of 7,933.30, a quick ratio of 0.22 and a current ratio of 0.55. The company has a market cap of C$487.79 million, a PE ratio of 4.26, a P/E/G ratio of 0.30 and a beta of 2.88. The company's 50 day moving average is C$7.74 and its 200-day moving average is C$8.25.
Cineplex (TSE:CGX - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported C($0.19) EPS for the quarter. The company had revenue of C$315.08 million for the quarter, compared to analyst estimates of C$359.50 million.
Insider Activity at Cineplex
In other news, Senior Officer Kevin David Watts bought 3,200 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of C$7.92 per share, for a total transaction of C$25,344.00. In related news, Senior Officer Kevin David Watts purchased 3,200 shares of the firm's stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of C$7.92 per share, for a total transaction of C$25,344.00. Also, Senior Officer Gordon Nelson purchased 10,000 shares of the firm's stock in a transaction on Wednesday, March 20th. The stock was bought at an average price of C$7.47 per share, for a total transaction of C$74,700.00. In the last three months, insiders have bought 14,500 shares of company stock worth $109,911. 1.52% of the stock is owned by insiders.
About Cineplex
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Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.
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