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.
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 Ratio1.81
Quick Ratio1.69
Price-To-Earnings
Trailing P/E Ratio130.83
Forward P/E Ratio33.64
P/E Growth1.8
Sales & Book Value
Annual Sales$380.77 million
Price / Sales3.97
Cash Flow$1.1991 per share
Price / Cash19.64
Book Value$9.30 per share
Price / Book2.53
Profitability
EPS (Most Recent Fiscal Year)$0.18
Net Income$2.34 million
Net Margins2.71%
Return on Equity5.02%
Return on Assets3.51%
Miscellaneous
Employees606
Outstanding Shares64,230,000
Market Cap$1,528.63
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 of Directors has initiated a share repurchase plan on Tuesday, June 13th 2017, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 12.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.
How were Imax's earnings last quarter?
Imax Corp (NYSE:IMAX) posted its quarterly earnings data on Tuesday, May, 1st. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.10. The company earned $85 million during the quarter, compared to analyst estimates of $81.64 million. Imax had a net margin of 2.71% and a return on equity of 5.02%. The company's revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 EPS. View Imax's Earnings History.
When is Imax's next earnings date?
What price target have analysts set for IMAX?
9 analysts have issued 12-month target prices for Imax's stock. Their predictions range from $21.00 to $34.00. On average, they anticipate Imax's share price to reach $27.3889 in the next year. This suggests a possible upside of 16.3% from the stock's current price. View Analyst Ratings 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."
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 is benefiting from from robust box-office revenues. Moreover, expanding international footprint is a key growth catalyst. The company has inked multiple deals of late to expand its global presence. 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." (7/4/2018)
- 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)
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 recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Imax earned a news impact score of 0.07 on Accern's scale. They also gave news articles about the company an impact score of 44.78 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are Imax's major shareholders?
Imax's stock is owned by a number of of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.41%), Columbia Partners L L C Investment Management (0.23%) and Xact Kapitalforvaltning AB (0.02%). 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 institutional investors are selling Imax stock?
IMAX stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC and Columbia Partners L L C Investment Management. 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 institutional investors are buying Imax stock?
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 $23.55.
How big of a company is Imax?
Imax has a market capitalization of $1.53 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)
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.
