Cineplex Inc. (TSE:CGX) Expected to Earn FY2024 Earnings of $0.43 Per Share

Cineplex Inc. (TSE:CGX - Free Report) - Equities researchers at National Bank Financial increased their FY2024 EPS estimates for Cineplex in a research report issued on Wednesday, April 10th. National Bank Financial analyst A. Shine now forecasts that the company will earn $0.43 per share for the year, up from their previous forecast of $0.40. The consensus estimate for Cineplex's current full-year earnings is $0.51 per share.

Several other research firms also recently issued reports on CGX. National Bankshares decreased their price objective on shares of Cineplex from C$13.50 to C$12.50 and set an "outperform" rating for the company in a report on Tuesday, January 16th. Royal Bank of Canada decreased their price objective on shares of Cineplex from C$15.00 to C$14.00 and set an "outperform" rating for the company in a report on Friday, February 9th. BMO Capital Markets upped their price objective on shares of Cineplex from C$11.50 to C$12.50 and gave the stock a "market perform" rating in a report on Wednesday, March 6th. Scotiabank upped their price objective on shares of Cineplex from C$11.00 to C$11.25 and gave the stock an "outperform" rating in a report on Friday, March 8th. Finally, Canaccord Genuity Group decreased their price objective on shares of Cineplex from C$13.75 to C$13.00 and set a "buy" rating for the company in a report on Friday, February 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$12.88.

Cineplex Stock Down 1.6 %

Shares of CGX traded down C$0.12 during mid-day trading on Monday, hitting C$7.54. 290,529 shares of the company's stock were exchanged, compared to its average volume of 333,695. The firm has a fifty day moving average of C$7.72 and a two-hundred day moving average of C$8.23. Cineplex has a twelve month low of C$7.14 and a twelve month high of C$10.26. The stock has a market cap of C$480.15 million, a price-to-earnings ratio of 4.19, a P/E/G ratio of 0.30 and a beta of 2.88. The company has a quick ratio of 0.22, a current ratio of 0.55 and a debt-to-equity ratio of 7,933.30.

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 Buying and Selling at Cineplex

In other Cineplex news, Senior Officer Gordon Nelson acquired 10,000 shares of Cineplex stock in a transaction dated Wednesday, March 20th. The stock was bought at an average cost of C$7.47 per share, with a total value of C$74,700.00. In other news, Senior Officer Gordon Nelson bought 10,000 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The stock was acquired at an average price of C$7.47 per share, for a total transaction of C$74,700.00. Also, Senior Officer Kevin David Watts bought 3,200 shares of the company's stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average price of C$7.92 per share, with a total value of C$25,344.00. Insiders purchased a total of 14,500 shares of company stock valued at $109,911 in the last ninety days. Company insiders own 1.52% of the company's stock.

About Cineplex

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.