Imax Corp Company Profile (NYSE:IMAX)

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

Imax Corp declared that its Board of Directors has initiated a stock buyback plan 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 purchase up to 12.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Imax Corp (NYSE:IMAX) announced its earnings results on Thursday, April, 20th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $68.70 million for the quarter, compared to the consensus estimate of $71.53 million. Imax Corp had a negative net margin of 0.92% and a positive return on equity of 0.05%. The business's quarterly revenue was down 25.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 earnings per share. View Imax Corp's Earnings History.

11 equities research analysts have issued 12 month target prices for Imax Corp's shares. Their forecasts range from $30.00 to $43.50. On average, they expect Imax Corp's share price to reach $36.45 in the next year. View Analyst Ratings for Imax Corp.

Here are some recent quotes from research analysts about Imax Corp stock:

• 1. According to Zacks Investment Research, "Shares of IMAX have underperformed the Zacks categorized Movie/TV Production/Distribution industry on a year-to-date basis.  Furthermore, the disappointing Memorial Day weekend turnout has hurt the stock. In fact, IMAX  has had a disappointing run at the box office over the past few months. With the top line struggling, IMAX announced that it intends to trim its workforce by approximately 14%, in a bid to drive its bottom line and increase efficiencies.  With the IMAX stock struggling, the company’s board of directors cleared a shareholder friendly measure aimed at boosting investor confidence. The company's substantial presence outside the U.S. exposes it to foreign currency exchange rate risks. Despite the headwinds, we are impressed by the company's focus on China as the market offers significant commercial potential." (7/11/2017)
• 2. B. Riley analysts commented, "IMAX Corporation (IMAX) is scheduled to report Q4 results on Thursday, 2/23, after the close with a call at 4:30pm ET. With IMAX global box office coming in above our modeled projection, we calculate as much as $0.04-0.05 of upside to our $0.17 estimate and a result closer to consensus. However, as 2016 has already been generally accepted as a disappointing year for IMAX, we believe the focus will be more on any outlook for improving core cinema trends in 2017 along with initial expectations for new initiative spending (allowing analysts to separate any launch costs from improving core cinema EBITDA). We believe IMAX's lagging stock performance in the current box office up-cycle provides an attractive entry point as the growing system base and associated network effect are projected to drive 50%+ core cinema EBITDA growth in 2017. We are reiterating our Buy rating and unchanged price target of $46.00." (2/15/2017)
• 3. Wedbush analysts commented, "IMAX should grow revenue and earnings in 2017 and beyond as it (1) expands internationally beyond China, (2) obtains exclusive release windows, allowing it to capture a disproportionately large percentage of box office revenues, (3) grows its film slate, particularly internationally with local language films in China, Japan, Korea, and India, and (4) expands its new content offerings, possibly including virtual reality in addition to TV pilots." (2/14/2017)

Some companies that are related to Imax Corp include Caesars Acquisition Company (CACQ), UBM Plc (UBM), Polypore International (PPO), Howden Joinery Group Plc (HWDN), SSP Group PLC (SSPG), Daily Mail and General Trust P L C (DMGT), Ladbrokes Coral Group PLC (LCL), GVC Holdings PLC (GVC), Redrow plc (RDW), William Hill plc (WMH), Greene King plc (GNK), Sports Direct International Plc (SPD), Ann (ANN), Ryland Group (RYL), WH Smith Plc (SMWH), Cineworld Group plc (CINE), Ocado Group PLC (OCDO) and Rev Group (REVG).

Imax Corp's management team includes the folowing people:

• Bradley J. Wechsler, Chairman of the Board
• Don Savant, President - Global Sales, Exhibitor Relations
• Richard L. Gelfond, Chief Executive Officer, Director
• Patrick S. McClymont, Chief Financial Officer, Executive Vice President
• Jiande Chen, Chief Executive Officer - IMAX China Holding, Inc
• Mark Welton, President - IMAX Theatres
• Carrie Lindzon-Jacobs, Chief Human Resource Officer, Executive Vice President
• Brian Bonnick, Executive Vice President, Chief Technology Officer
• Jason Brenek, Executive Vice President - IMAX Corporation ,President of IMAX Home Entertainment
• David B. Keighley, Executive Vice President, Chief Quality Officer, President of IMAX Post/DKP Inc., Emeritus,

Imax Corp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (1.38%), Pembroke Management LTD (1.36%), Handelsbanken Fonder AB (0.45%), Handelsinvest Investeringsforvaltning (0.18%), Fox Run Management L.L.C. (0.08%) and North Star Investment Management Corp. (0.06%). Company insiders that own Imax Corp stock include Andrew Cripps, David W Leebron, Eileen Campbell, Eric A Demirian, G Mary Ruby, Greg Foster, Jeff Vance, Jeffrey Vance, Joseph Sparacio, Mark Welton, Michael Macmillan, Richard L Gelfond and Robert D Lister. View Institutional Ownership Trends for Imax Corp.

Imax Corp's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Peregrine Capital Management LLC, Bank of Montreal Can and Wellington Shields Capital Management LLC. Company insiders that have sold Imax Corp stock in the last year include Andrew Cripps, Eileen Campbell, Eric A Demirian, Greg Foster, Jeffrey Vance, Mark Welton, Richard L Gelfond and Robert D Lister. View Insider Buying and Selling for Imax Corp.

Imax Corp's stock was bought by a variety of institutional investors in the last quarter, including Pembroke Management LTD, Handelsbanken Fonder AB, Handelsinvest Investeringsforvaltning, North Star Investment Management Corp., Fox Run Management L.L.C. and Aperio Group LLC. View Insider Buying and Selling for Imax Corp.

Shares of Imax Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Imax Corp stock can currently be purchased for approximately $21.85.