NYSE:IMAX - Imax Stock Price, News, & Analysis

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$19.10 +0.66 (+3.58 %)
(As of 12/11/2018 04:00 PM ET)
Previous Close$18.44
Today's Range$18.59 - $19.35
52-Week Range$18.00 - $26.10
Volume672,300 shs
Average Volume745,042 shs
Market Capitalization$1.16 billion
P/E Ratio106.17
Dividend YieldN/A
Beta1.17
IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company that specializes in motion picture technologies and presentations worldwide. It offers cinematic solution comprising proprietary software, theater architecture, and equipment. The company engages in Digital Re-Mastering (DMR) of films into the IMAX format for exhibition in the IMAX theater network; the provision of IMAX premium theater systems to exhibitor customers through sales, long-term leases, or joint revenue sharing arrangements; the distribution of documentary films; the provision of production technical support and film post-production services; the ownership and operation of IMAX theaters; and the provision of camera and other miscellaneous items rental services. It also designs, manufactures, installs, sells, or leases IMAX theater projection system equipment; maintains IMAX theater projection system equipment in the IMAX theater network; distributes and licenses original content investment, VR, IMAX home entertainment, and others; and sells or leases its theater systems to theme parks, private home theaters, tourist destination sites, fairs, and expositions, as well as engages in the after-market sale of projection system parts and 3D glasses. The company markets its theater systems through a direct sales force and marketing staff. It owns or otherwise has rights to trademarks and trade names, which include IMAX, IMAX Dome, IMAX 3D, IMAX 3D Dome, Experience It in IMAX, The IMAX Experience, An IMAX Experience, An IMAX 3DExperience, IMAX DMR, DMR, IMAX nXos, IMAX think big, think big, and IMAX Is Believing, as well as the service mark IMAX THEATRETM. As of December 31, 2017, the company's IMAX theater network cover 1,370 theater systems comprising 1,272 commercial multiplex, 12 commercial destinations, and 86 institutional customers. IMAX Corporation was founded in 1967 and is headquartered in Mississauga, Canada.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Photographic equipment & supplies
Sub-IndustryN/A
SectorConsumer Discretionary
Current SymbolNYSE:IMAX
Previous Symbol
CUSIPN/A
Phone905-403-6500

Debt

Debt-to-Equity RatioN/A
Current Ratio1.77
Quick Ratio1.56

Price-To-Earnings

Trailing P/E Ratio106.17
Forward P/E Ratio29.84
P/E Growth1.54

Sales & Book Value

Annual Sales$380.77 million
Price / Sales3.14
Cash Flow$1.2492 per share
Price / Cash Flow15.29
Book Value$9.30 per share
Price / Book2.05

Profitability

EPS (Most Recent Fiscal Year)$0.18
Net Income$2.34 million
Net Margins6.64%
Return on Equity6.87%
Return on Assets4.82%

Miscellaneous

Employees606
Outstanding Shares62,580,000
Market Cap$1.16 billion
OptionableOptionable

Imax (NYSE:IMAX) Frequently Asked Questions

What is Imax's stock symbol?

Imax trades on the New York Stock Exchange (NYSE) under the ticker symbol "IMAX."

How will Imax's stock buyback program work?

Imax declared that its board has initiated a share repurchase plan on Tuesday, June 13th 2017, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 12.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

How were Imax's earnings last quarter?

Imax Corp (NYSE:IMAX) posted its quarterly earnings results on Thursday, October, 25th. The company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.04 by $0.10. The business had revenue of $82.11 million for the quarter, compared to analyst estimates of $80.26 million. Imax had a net margin of 6.64% and a return on equity of 6.87%. View Imax's Earnings History.

When is Imax's next earnings date?

Imax is scheduled to release their next quarterly earnings announcement on Tuesday, February 26th 2019. View Earnings Estimates for Imax.

What price target have analysts set for IMAX?

8 analysts have issued 1-year price objectives for Imax's stock. Their forecasts range from $21.00 to $34.00. On average, they anticipate Imax's stock price to reach $26.5625 in the next year. This suggests a possible upside of 39.1% from the stock's current price. View Analyst Price Targets for Imax.

What is the consensus analysts' recommendation for Imax?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Imax in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Imax.

What are Wall Street analysts saying about Imax stock?

Here are some recent quotes from research analysts about Imax stock:
  • 1. Barrington Research analysts commented, "We are encouraged by new opportunities in the core business line such as greater flexibility in screen usage (now primarily international, but hopefully extending to domestic markets), reduced screening periods for individual films within a larger number of titles (very few run more than a couple of weeks) and experimentation with reseating options. Attention to the cost structure is also important to profitability. Further, newer initiatives in strengthening brand recognition and reception coupled with continually improving video and audio delivery technology, now including laser, contribute to renewed confidence in IMAX." (10/29/2018)
  • 2. According to Zacks Investment Research, "IMAX’s continuous efforts to expand its presence across the globe will benefit it in the long run. The company recently extended its partnership with Wanying Cinema Line in China to open 14 more IMAX theaters, bringing the total to 15. Growing number of blockbuster movies like Avengers: Infinity War and Incredibles 2 is a key catalyst for IMAX. Further, a strong slate of releases as well as a number of local language titles is likely to drive growth beyond 2018. Moreover, earnings estimates have been stable ahead of the company's Q3 earnings release. The company has positive record of earnings surprises in the recent quarters. However, new businesses that primarily consist of virtual reality (VR) and Home initiatives have failed to take off, limiting IMAX’s growth prospects in the evolving entertainment market. Its shares have underperformed the industry on a year-to-date basis." (10/1/2018)

Has Imax been receiving favorable news coverage?

News stories about IMAX stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Imax earned a coverage optimism score of 1.1 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near future.

Who are some of Imax's key competitors?

Who are Imax's key executives?

Imax's management team includes the folowing people:
  • Mr. Richard Lewis Gelfond, CEO & Director (Age 62)
  • Mr. Patrick S. McClymont, Exec. VP & CFO (Age 48)
  • Mr. Robert D. Lister, Chief Legal Officer & Sr. EVP (Age 49)
  • Mr. Greg Adam Foster, Sr. EVP & CEO of IMAX Entertainment (Age 55)
  • Mr. Donald Silvio Savant, Pres of Worldwide Sales & Exhibitor Relations and Exec. VP (Age 56)

Who are Imax's major shareholders?

Imax's stock is owned by many different of institutional and retail investors. Top institutional investors include Franklin Resources Inc. (8.93%), BlackRock Inc. (4.49%), Jennison Associates LLC (3.79%), Dimensional Fund Advisors LP (2.61%), Becker Capital Management Inc. (1.74%) and TIAA CREF Investment Management LLC (1.16%). Company insiders that own Imax stock include Eileen Campbell, Eric A Demirian, G Mary Ruby, Greg Foster, Jeffrey Vance, Kenneth Ian Weissman, Mark Welton, Patrick Mcclymont, Richard L Gelfond and Robert D Lister. View Institutional Ownership Trends for Imax.

Which institutional investors are selling Imax stock?

IMAX stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Franklin Resources Inc., Van Berkom & Associates Inc., Wells Fargo & Company MN, Pembroke Management LTD, Morgan Stanley, Aurora Investment Counsel and BlackRock Inc.. Company insiders that have sold Imax company stock in the last year include Eric A Demirian, Greg Foster, Jeffrey Vance, Kenneth Ian Weissman, Mark Welton, Patrick Mcclymont and Robert D Lister. View Insider Buying and Selling for Imax.

Which institutional investors are buying Imax stock?

IMAX stock was purchased by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Loomis Sayles & Co. L P, Teachers Advisors LLC, Rice Hall James & Associates LLC, Man Group plc, Massachusetts Financial Services Co. MA, Tributary Capital Management LLC and Tributary Capital Management LLC. View Insider Buying and Selling for Imax.

How do I buy shares of Imax?

Shares of IMAX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Imax's stock price today?

One share of IMAX stock can currently be purchased for approximately $19.10.

How big of a company is Imax?

Imax has a market capitalization of $1.16 billion and generates $380.77 million in revenue each year. The company earns $2.34 million in net income (profit) each year or $0.18 on an earnings per share basis. Imax employs 606 workers across the globe.

What is Imax's official website?

The official website for Imax is http://www.imax.com.

How can I contact Imax?

Imax's mailing address is 2525 Speakman Drive, Mississauga A6, L5K 1B1. The company can be reached via phone at 905-403-6500 or via email at [email protected]


MarketBeat Community Rating for Imax (NYSE IMAX)

Community Ranking:  3.4 out of 5 (star star star)
Outperform Votes:  817 (Vote Outperform)
Underperform Votes:  373 (Vote Underperform)
Total Votes:  1,190
MarketBeat's community ratings are surveys of what our community members think about Imax and other stocks. Vote "Outperform" if you believe IMAX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IMAX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/11/2018 by MarketBeat.com Staff

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