IMAX Corporation is an entertainment technology company. The Company operates through seven segments: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment. The theater system maintenance segment maintains IMAX theater projection system equipment in the IMAX theater network. The joint revenue sharing arrangements segment provides IMAX theater projection system equipment to exhibitors. The film production and IMAX DMR segment produces films and performs film re-mastering services. The film distribution segment distributes films. The film post-production segment provides film post-production and film print services. The other segment includes certain IMAX theaters that the Company owns and operates, camera rentals and other miscellaneous items.
Industry, Sector and Symbol:
- Sector: Cyclical Consumer Goods & Services
- Industry: Movie Theaters & Movie Products
- Sub-Industry: N/A
- Symbol: NYSE:IMAX
- CUSIP: N/A
- Web: https://www.imax.com/
- Market Cap: $1.45 billion
- Outstanding Shares: 66,597,000
- 50 Day Moving Avg: $22.97
- 200 Day Moving Avg: $29.29
- 52 Week Range: $20.05 - $35.30
Sales & Book Value:
- Trailing P/E Ratio: 84.04
- Foreward P/E Ratio: 20.81
- P/E Growth: 1.71
- Annual Revenue: $352.59 million
- Price / Sales: 4.13
- Book Value: $8.42 per share
- Price / Book: 2.60
- EBIDTA: $70.8 million
- Net Margins: -0.92%
- Return on Equity: 0.05%
- Return on Assets: -0.30%
- Current Ratio: 2.18%
- Quick Ratio: 1.97%
- Average Volume: 1.47 million shs.
- Beta: 0.9
- Short Ratio: 3.59
Frequently Asked Questions for Imax Corp (NYSE:IMAX)
What is Imax Corp's stock symbol?
Imax Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "IMAX."
How will Imax Corp's stock buyback program work?
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.
How were Imax Corp's earnings last quarter?
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.
Where is Imax Corp's stock going? Where will Imax Corp's stock price be in 2017?
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.
What are analysts saying about Imax Corp stock?
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)
Who are some of Imax Corp's key competitors?
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).
Who are Imax Corp's key executives?
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,
Who owns Imax Corp stock?
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.
Who sold Imax Corp stock? Who is selling Imax Corp stock?
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.
Who bought Imax Corp stock? Who is buying Imax Corp stock?
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.
How do I buy Imax Corp stock?
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.
What is Imax Corp's stock price today?
MarketBeat Community Rating for Imax Corp (NYSE IMAX)MarketBeat's community ratings are surveys of what our community members think about Imax Corp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Imax Corp stock can currently be purchased for approximately $21.85.
Consensus Ratings for Imax Corp (NYSE:IMAX) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Hold Ratings, 8 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.73)|
|Consensus Price Target: ||$36.45 (66.82% upside)|
Analysts' Ratings History for Imax Corp (NYSE:IMAX)
(Data available from 7/26/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/21/2017||Piper Jaffray Companies||Set Price Target||Buy||$35.00||Low|
|7/12/2017||Barrington Research||Downgrade||Outperform -> Market Perform||High|
|7/10/2017||B. Riley||Reiterated Rating||Buy||$43.50||Low|
|7/7/2017||MKM Partners||Lower Price Target||Buy||$40.00 -> $30.00||Medium|
|6/13/2017||Roth Capital||Set Price Target||Buy||$33.00||Medium|
|6/8/2017||Canaccord Genuity||Set Price Target||Buy||$33.00||Low|
|6/7/2017||Benchmark Co.||Downgrade||Buy -> Hold||High|
|1/31/2017||Credit Suisse Group||Downgrade||Outperform -> Neutral||$34.00||N/A|
|12/20/2016||Stifel Nicolaus||Reiterated Rating||Buy||$40.00||N/A|
|9/14/2016||Macquarie||Lower Price Target||Outperform||$42.00 -> $41.00||N/A|
|2/21/2016||Rosenblatt Securities||Reiterated Rating||Buy||$47.00||N/A|
|2/16/2016||Dougherty & Co||Lower Price Target||Buy||$50.00 -> $40.00||N/A|
|2/9/2016||J P Morgan Chase & Co||Lower Price Target||Neutral||$37.00 -> $30.00||N/A|
|11/20/2015||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Neutral||$39.00||N/A|
Earnings History for Imax Corp (NYSE:IMAX)Earnings History by Quarter for Imax Corp (NYSE IMAX)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/20/2017||3/31/2017||$0.05||$0.06||$71.53 million||$68.70 million||View||N/A|
|2/23/2017||Q416||$0.21||$0.13||$103.36 million||$106.91 million||View||Listen|
|10/20/2016||Q316||$0.08||$0.12||$77.09 million||$86.60 million||View||Listen|
|7/20/2016||Q216||$0.17||$0.18||$91.30 million||$91.70 million||View||Listen|
|4/21/2016||Q116||$0.15||$0.22||$83.76 million||$92.10 million||View||Listen|
|2/24/2016||Q415||$0.43||$0.39||$116.51 million||$119.30 million||View||Listen|
|10/28/2015||Q315||$0.17||$0.17||$79.49 million||$85.10 million||View||Listen|
|7/23/2015||Q215||$0.39||$0.34||$96.59 million||$107.20 million||View||Listen|
|4/30/2015||Q115||$0.05||$0.07||$54.10 million||$62.20 million||View||Listen|
|2/19/2015||Q414||$0.25||$0.34||$96.42 million||$102.40 million||View||Listen|
|10/23/2014||Q314||$0.05||$0.11||$63.20 million||$60.70 million||View||Listen|
|7/24/2014||Q214||$0.18||$0.19||$81.10 million||$79.15 million||View||N/A|
|4/24/2014||Q114||$0.02||$0.05||$50.75 million||$48.20 million||View||N/A|
|2/20/2014||Q413||$0.33||$0.44||$92.90 million||$105.06 million||View||N/A|
|10/24/2013||Q313||$0.06||$0.06||$52.60 million||$51.70 million||View||N/A|
|7/25/2013||Q213||$0.27||$0.22||$77.34 million||$82.30 million||View||N/A|
|4/25/2013||Q113||$0.09||$0.08||$54.15 million||$49.90 million||View||N/A|
|2/21/2013||Q412||$0.16||$0.23||$74.00 million||$77.80 million||View||N/A|
Earnings Estimates for Imax Corp (NYSE:IMAX)
Current Year EPS Consensus Estimate: $0.69 EPS
Next Year EPS Consensus Estimate: $1.05 EPS
Dividend History for Imax Corp (NYSE:IMAX)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Imax Corp (NYSE:IMAX)
Insider Ownership Percentage: 18.90%Insider Trades by Quarter for Imax Corp (NYSE:IMAX)
Institutional Ownership Percentage: 88.98%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/15/2017||Eric A Demirian||Director||Sell||2,670||$25.10||$67,017.00|| |
|3/13/2017||Greg Foster||CEO||Sell||100,000||$33.20||$3,320,000.00|| |
|3/8/2017||Eileen Campbell||Insider||Sell||8,512||$32.26||$274,597.12|| |
|3/8/2017||Greg Foster||CEO||Sell||6,585||$32.26||$212,432.10|| |
|1/10/2017||Greg Foster||CEO of IMAX Entertainment & EVP of IMAX||Sell||75,000||$32.26||$2,419,500.00|| |
|12/12/2016||Jeffrey Vance||SVP||Sell||469||$31.90||$14,961.10|| |
|12/12/2016||Richard L Gelfond||CEO||Sell||33,419||$31.90||$1,066,066.10|| |
|12/12/2016||Robert D Lister||Insider||Sell||3,343||$31.90||$106,641.70|| |
|12/2/2016||Jeffrey Vance||SVP||Sell||542||$31.02||$16,812.84|| |
|12/2/2016||Mark Welton||Insider||Sell||3,015||$31.02||$93,525.30|| |
|10/21/2016||Andrew Cripps||Insider||Sell||100,000||$31.47||$3,147,000.00|| |
|9/2/2016||Richard L Gelfond||CEO||Sell||7,741||$30.83||$238,655.03|| |
|6/8/2016||Michael Macmillan||Director||Sell||2,194||$30.64||$67,224.16|| |
|6/2/2016||Andrew Cripps||EVP||Sell||31,175||$33.50||$1,044,362.50|| |
|5/25/2016||David W Leebron||Director||Sell||12,615||$32.49||$409,861.35|| |
|5/2/2016||Richard L Gelfond||CEO||Sell||7,741||$32.14||$248,795.74|| |
|4/1/2016||Robert D Lister||Insider||Sell||14,035||$30.75||$431,576.25|| |
|3/8/2016||Andrew Cripps||EVP||Sell||947||$31.29||$29,631.63|| |
|3/8/2016||Eileen Campbell||CMO||Sell||1,865||$31.29||$58,355.85|| |
|3/8/2016||Greg Foster||CEO||Sell||8,909||$31.29||$278,762.61|| |
|3/8/2016||Jeffrey Vance||SVP||Sell||1,208||$31.29||$37,798.32|| |
|3/8/2016||Joseph Sparacio||CFO||Sell||5,891||$31.29||$184,329.39|| |
|3/8/2016||Mark Welton||Insider||Sell||5,039||$31.29||$157,670.31|| |
|3/1/2016||Robert D Lister||Insider||Sell||11,750||$30.12||$353,910.00|| |
|2/1/2016||Robert D. Lister||insider||Sell||11,750||$30.80||$361,900.00|| |
|1/4/2016||Robert D. Lister||insider||Sell||11,750||$34.05||$400,087.50|| |
|12/17/2015||Mark Welton||insider||Sell||15,000||$39.08||$586,200.00|| |
|12/16/2015||Richard L. Gelfond||CEO||Sell||100,000||$38.79||$3,879,000.00|| |
|12/15/2015||Richard L. Gelfond||CEO||Sell||33,333||$39.03||$1,300,986.99|| |
|12/1/2015||Robert D. Lister||insider||Sell||11,750||$38.18||$448,615.00|| |
|11/12/2015||G Mary Ruby||insider||Sell||17,023||$39.52||$672,748.96|| |
|11/2/2015||Jeff Vance||SVP||Sell||21,750||$38.50||$837,375.00|| |
|11/2/2015||Mark Welton||insider||Sell||25,000||$38.55||$963,750.00|| |
|10/1/2015||Robert D. Lister||insider||Sell||11,750||$32.77||$385,047.50|| |
|9/2/2015||Richard L. Gelfond||CEO||Sell||8,382||$30.35||$254,393.70|| |
|9/1/2015||Robert D. Lister||insider||Sell||11,750||$30.35||$356,612.50|| |
|6/12/2015||G Mary Ruby||Insider||Sell||7,000||$41.75||$292,250.00|| |
|6/11/2015||Eric A Demirian||Director||Sell||1,536||$41.19||$63,267.84|| |
|6/8/2015||Greg Foster||CEO||Sell||50,000||$41.10||$2,055,000.00|| |
|5/4/2015||Richard L Gelfond||CEO||Sell||8,370||$37.87||$316,971.90|| |
|4/22/2015||Richard L Gelfond||CEO||Sell||16,672||$37.51||$625,366.72|| |
|4/20/2015||Richard L Gelfond||CEO||Sell||34,606||$36.36||$1,258,274.16|| |
|4/2/2015||Greg Foster||CEO||Sell||50,000||$34.13||$1,706,500.00|| |
|3/24/2015||Greg Foster||CEO||Sell||100,000||$34.22||$3,422,000.00|| |
|3/23/2015||Greg Foster||CEO||Sell||53,400||$34.38||$1,835,892.00|| |
|3/9/2015||Brian Bonnick||CTO||Sell||3,052||$33.85||$103,310.20|| |
|3/9/2015||Carrie Lindzon-Jacobs||VP||Sell||3,237||$33.85||$109,572.45|| |
|3/9/2015||Greg Foster||CEO||Sell||4,508||$33.85||$152,595.80|| |
|3/9/2015||Joseph Sparacio||CFO||Sell||3,432||$33.85||$116,173.20|| |
|3/9/2015||Mark Welton||Insider||Sell||4,012||$33.85||$135,806.20|| |
|2/19/2015||Richard L Gelfond||CEO||Sell||65,394||$35.03||$2,290,751.82|| |
|11/26/2014||Andrew Cripps||EVP||Sell||25,000||$31.13||$778,250.00|| |
|11/20/2014||Richard L Gelfond||CEO||Sell||250,000||$30.25||$7,562,500.00|| |
|11/10/2014||Bradley J Wechsler||Director||Sell||62,888||$29.13||$1,831,927.44|| |
|10/24/2014||Mark Welton||Insider||Sell||35,000||$28.86||$1,010,100.00|| |
|8/6/2014||Brian Bonnick||CTO||Sell||32,500||$26.75||$869,375.00|| |
|7/25/2014||Robert D Lister||Insider||Sell||21,000||$26.27||$551,670.00|| |
|6/19/2014||Richard L Gelfond||CEO||Sell||53,875||$28.00||$1,508,500.00|| |
|6/6/2014||Garth Malcolm Girvan||Director||Sell||2,268||$25.95||$58,854.60|| |
|5/21/2014||Richard Gelfond||CEO||Sell||100,000||$25.11||$2,511,000.00|| |
|5/2/2014||Richard Gelfond||CEO||Sell||7,396||$26.03||$192,517.88|| |
|5/1/2014||Jeff Vance||SVP||Sell||2,625||$25.82||$67,777.50|| |
|4/3/2014||Bradley Wechsler||Director||Sell||216,000||$27.87||$6,019,920.00|| |
|3/13/2014||Carrie Lindzon-Jacobs||VP||Sell||1,164||$27.65||$32,184.60|| |
|3/13/2014||Mark Welton||Insider||Sell||1,745||$27.65||$48,249.25|| |
|9/6/2013||G Mary Ruby||Insider||Sell||8,500||$28.20||$239,700.00|| |
|8/21/2013||Richard Gelfond||CEO||Sell||50,000||$26.66||$1,333,000.00|| |
|8/14/2013||Edward Macneil||SVP||Sell||7,750||$27.33||$211,807.50|| |
|8/14/2013||Larry Oreilly||VP||Sell||57,750||$27.13||$1,566,757.50|| |
|8/8/2013||Bradley Wechsler||Director||Sell||100,000||$26.85||$2,685,000.00|| |
|8/1/2013||Brian Bonnick||CTO||Sell||48,500||$25.70||$1,246,450.00|| |
|7/19/2013||Richard L Gelfond||CEO||Sell||50,000||$25.36||$1,268,000.00|| |
|6/20/2013||Richard L Gelfond||CEO||Sell||100,000||$25.12||$2,512,000.00|| |
|5/30/2013||Richard L Gelfond||CEO||Sell||100,000||$27.30||$2,730,000.00|| |
|5/9/2013||Edward Macneil||SVP||Sell||5,000||$27.70||$138,500.00|| |
|2/22/2013||Edward Macneil||SVP||Sell||6,000||$26.00||$156,000.00|| |
|2/22/2013||Greg Foster||Chairman||Sell||18,398||$25.83||$475,220.34|| |
|2/22/2013||Mark Welton||Insider||Sell||30,000||$25.83||$774,900.00|| |
|8/15/2012||Kevin Douglas||Insider||Buy||300,000||$20.94||$6,282,000.00|| |
|8/8/2012||Kevin Douglas||Insider||Buy||300,000||$21.79||$6,537,000.00|| |
Headline Trends for Imax Corp (NYSE:IMAX)
Latest Headlines for Imax Corp (NYSE:IMAX)
Imax Corp (IMAX) Chart for Wednesday, July, 26, 2017