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

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$22.83 +0.26 (+1.15 %)
(As of 03/25/2019 04:00 PM ET)
Previous Close$22.57
Today's Range$22.46 - $22.99
52-Week Range$17.55 - $26.10
Volume173,447 shs
Average Volume376,960 shs
Market Capitalization$1.40 billion
P/E Ratio40.77
Dividend YieldN/A
Beta1.07
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

Industry Photographic equipment & supplies
Sub-IndustryN/A
SectorConsumer Discretionary
CUSIPN/A
Phone905-403-6500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$374.40 million
Cash Flow$1.5030 per share
Book Value$9.47 per share

Profitability

Net Income$22.84 million

Miscellaneous

EmployeesN/A
Market Cap$1.40 billion
Next Earnings Date5/7/2019 (Estimated)
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 of Directors has authorized a stock repurchase program on Tuesday, June 13th 2017, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 12.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

How were Imax's earnings last quarter?

Imax Corp (NYSE:IMAX) posted its earnings results on Tuesday, February, 26th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm earned $109 million during the quarter, compared to the consensus estimate of $101.42 million. Imax had a return on equity of 6.44% and a net margin of 6.10%. The business's quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share. View Imax's Earnings History.

When is Imax's next earnings date?

Imax is scheduled to release their next quarterly earnings announcement on Tuesday, May 7th 2019. View Earnings Estimates for Imax.

What price target have analysts set for IMAX?

5 Wall Street analysts have issued 12 month price objectives for Imax's shares. Their predictions range from $23.00 to $34.00. On average, they expect Imax's share price to reach $28.00 in the next year. This suggests a possible upside of 22.6% from the stock's current price. View Analyst Price Targets for Imax.

What is the consensus analysts' recommendation for Imax?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Imax in the last year. There are currently 1 hold rating and 4 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." (3/6/2019)
  • 2. According to Zacks Investment Research, "IMAX with Laser is gaining significant traction among users. The company’s focus to expand its laser presence by partnering with Wanying Cinema Line in China bodes well. Additionally, growing number of blockbuster movies and higher contribution from Greater China to box-office results are boosting the top line. Moreover, increasing focus on releasing Chinese content in smaller cities is expected to aid local box office revenues. We believe IMAX’s efforts to expand its presence across the globe will benefit it in the long run. Further, management is in talks with key streaming players including Netflix to create strategic collaborations, which is a positive. However, increasing losses from investments in new business does not bode well. Its shares have underperformed the industry on a year-to-date basis." (12/31/2018)

Has Imax been receiving favorable news coverage?

News headlines about IMAX stock have trended somewhat negative on Monday, InfoTrie reports. The research group scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Imax earned a media sentiment score of -1.1 on InfoTrie's scale. They also gave news coverage 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 stock's share price in the next few days.

Who are some of Imax's key competitors?

What other stocks do shareholders of Imax own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Imax investors own include Starbucks (SBUX), Intel (INTC), Walt Disney (DIS), Alphabet (GOOG), Progenics Pharmaceuticals (PGNX), Gilead Sciences (GILD), General Motors (GM), Cisco Systems (CSCO), Ford Motor (F) and Netflix (NFLX).

Who are Imax's key executives?

Imax's management team includes the folowing people:
  • Mr. Richard Lewis Gelfond, CEO & Director (Age 63)
  • Mr. Patrick S. McClymont, Exec. VP & CFO (Age 49)
  • Mr. Robert D. Lister, Chief Legal Officer & Sr. EVP (Age 50)
  • Mr. Donald Silvio Savant, Pres of Worldwide Sales & Exhibitor Relations and Exec. VP (Age 57)
  • Mr. Graeme Ferguson, Co-Founder

Who are Imax's major shareholders?

Imax's stock is owned by a number of of institutional and retail investors. Top institutional investors include Shapiro Capital Management LLC (8.23%), BlackRock Inc. (4.23%), Jennison Associates LLC (3.84%), Dimensional Fund Advisors LP (2.75%), Dimensional Fund Advisors LP (2.75%) and Becker Capital Management Inc. (1.72%). Company insiders that own Imax stock include Eric A Demirian, G Mary Ruby, Greg Foster, Jeffrey Vance, Kenneth Ian Weissman, Mark Welton, Patrick Mcclymont 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 Two Sigma Investments LP, D. E. Shaw & Co. Inc., BlackRock Inc., Pembroke Management LTD, Millennium Management LLC, Tributary Capital Management LLC, Bank of America Corp DE and Bank of New York Mellon Corp. 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 bought by a variety of institutional investors in the last quarter, including Norges Bank, Stifel Financial Corp, Shapiro Capital Management LLC, Massachusetts Financial Services Co. MA, Peregrine Capital Management LLC, American Century Companies Inc., Marcato Capital Management LP and Bank of Montreal Can. 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 $22.83.

How big of a company is Imax?

Imax has a market capitalization of $1.40 billion and generates $374.40 million in revenue each year. The company earns $22.84 million in net income (profit) each year or $0.56 on an earnings per share basis.

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:  833 (Vote Outperform)
Underperform Votes:  386 (Vote Underperform)
Total Votes:  1,219
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 3/25/2019 by MarketBeat.com Staff

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