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

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$24.90 -0.35 (-1.39 %)
(As of 09/21/2018 04:00 PM ET)
Previous Close$25.25
Today's Range$24.75 - $25.20
52-Week Range$18.98 - $26.70
Volume752,700 shs
Average Volume764,838 shs
Market Capitalization$1.58 billion
P/E Ratio138.72
Dividend YieldN/A
Beta0.91
Imax logoIMAX 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
SymbolNYSE:IMAX
CUSIPN/A
Phone905-403-6500

Debt

Debt-to-Equity RatioN/A
Current Ratio1.70
Quick Ratio1.54

Price-To-Earnings

Trailing P/E Ratio138.72
Forward P/E Ratio35.07
P/E Growth1.87

Sales & Book Value

Annual Sales$380.77 million
Price / Sales4.09
Cash Flow$1.1925 per share
Price / Cash20.88
Book Value$9.30 per share
Price / Book2.68

Profitability

EPS (Most Recent Fiscal Year)$0.18
Net Income$2.34 million
Net Margins4.93%
Return on Equity6.37%
Return on Assets4.46%

Miscellaneous

Employees606
Outstanding Shares62,520,000
Market Cap$1.58 billion

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 announced that its board has approved a share buyback program on Tuesday, June 13th 2017, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 12.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

How were Imax's earnings last quarter?

Imax Corp (NYSE:IMAX) announced its quarterly earnings results on Wednesday, July, 25th. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.18 by $0.04. The firm earned $98.35 million during the quarter, compared to the consensus estimate of $98.49 million. Imax had a net margin of 4.93% and a return on equity of 6.37%. The firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS. View Imax's Earnings History.

When is Imax's next earnings date?

Imax is scheduled to release their next quarterly earnings announcement on Thursday, October, 25th 2018. View Earnings Estimates for Imax.

What price target have analysts set for IMAX?

9 equities research analysts have issued twelve-month target prices for Imax's stock. Their forecasts range from $21.00 to $34.00. On average, they anticipate Imax's share price to reach $27.3889 in the next twelve months. This suggests a possible upside of 10.0% from the stock's current price. View Analyst Price Targets for Imax.

What is the consensus analysts' recommendation for Imax?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Imax in the last year. There are currently 3 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. 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’s latest deal was inked with Twentieth Century Fox Film, a division of 21st Century Fox which extends their partnership through 2019. Additionally, IMAX is benefiting from robust box-office revenues. Moreover, the company’s cost saving initiatives to the tune of $20 million on an annual basis is anticipated to boost profitability going forward. Estimates have been stable ahead of the Q2 earnings release. However, increasing expenses on its new business is an overhang on margins. Fluctuation in box office collections is a significant headwind. Moreover, rising competition from other formats poses concern. Shares have underperformed the industry on a year-to-date basis." (7/24/2018)
  • 2. Barrington Research analysts commented, "We feel the Hong Kong and PSA issues have largely run their course and management is being more selective in its capital investments. Further, 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 (with very few running more than a couple of weeks) and experimentation with reseating options. Attention to the cost structure is also important to profitability. These elements are contributing to our renewed confidence in this story." (3/20/2018)
  • 3. B. Riley analysts commented, "We continue to believe IMAX has the most attractive operational leverage in a strengthening box office environment and reiterate our Buy rating with an unchanged PT of $35.00." (10/19/2017)

Are investors shorting Imax?

Imax saw a drop in short interest in the month of August. As of August 31st, there was short interest totalling 3,353,693 shares, a drop of 45.8% from the August 15th total of 6,191,455 shares. Based on an average trading volume of 650,374 shares, the short-interest ratio is currently 5.2 days. Currently, 6.5% of the company's shares are sold short. View Imax's Current Options Chain.

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 (Age 55)
  • Mr. Donald Silvio Savant, Pres of Worldwide Sales & Exhibitor Relations and Exec. VP (Age 56)

Has Imax been receiving favorable news coverage?

News articles about IMAX stock have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Imax earned a media and rumor sentiment score of 0.18 on Accern's scale. They also assigned press coverage about the company an impact score of 46.57 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future. View Recent Headlines for Imax.

Who are Imax's major shareholders?

Imax's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.58%), Sarbit Advisory Services Inc. (3.74%), Dimensional Fund Advisors LP (2.59%), Van Berkom & Associates Inc. (2.15%), Bank of New York Mellon Corp (2.07%) and Bank of New York Mellon Corp (2.07%). Company insiders that own Imax stock include Andrew Cripps, Eileen Campbell, Eric A Demirian, G Mary Ruby, Greg Foster, Jeffrey Vance, Mark Welton, Patrick Mcclymont, Richard L Gelfond and Robert D Lister. View Institutional Ownership Trends for Imax.

Which major investors are selling Imax stock?

IMAX stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Millennium Management LLC, Massachusetts Financial Services Co. MA, Sarbit Advisory Services Inc., Peregrine Capital Management LLC, Granahan Investment Management Inc. MA, Cubist Systematic Strategies LLC and Trexquant Investment LP. Company insiders that have sold Imax company stock in the last year include Eric A Demirian, G Mary Ruby, Greg Foster, Jeffrey Vance, Mark Welton, Patrick Mcclymont and Robert D Lister. View Insider Buying and Selling for Imax.

Which major investors are buying Imax stock?

IMAX stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Wells Fargo & Company MN, Bank of America Corp DE, Segall Bryant & Hamill LLC, Van Berkom & Associates Inc., Janney Montgomery Scott LLC and Engineers Gate Manager LP. 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 $24.90.

How big of a company is Imax?

Imax has a market capitalization of $1.58 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.

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:  3.5 out of 5 (star star star half star)
Outperform Votes:  799 (Vote Outperform)
Underperform Votes:  357 (Vote Underperform)
Total Votes:  1,156
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 9/21/2018 by MarketBeat.com Staff

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