Imax Corporation (IMAX) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS
Imax Corporation (NASDAQ:IMAX) announced its earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.02, StockRatingsNetwork reports. The company had revenue of $48.20 million for the quarter, compared to the consensus estimate of $50.75 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis.
IMAX has been the subject of a number of recent research reports. Analysts at Wedbush reiterated a “neutral” rating on shares of Imax Corporation in a research note on Tuesday. They now have a $28.00 price target on the stock. On the ratings front, analysts at Dougherty & Co raised their price target on shares of Imax Corporation from $34.00 to $38.00 in a research note on Thursday, February 20th. They now have a “buy” rating on the stock. Finally, analysts at CRT Capital initiated coverage on shares of Imax Corporation in a research note on Tuesday, February 4th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $30.73.
Shares of Imax Corporation (NASDAQ:IMAX) traded down 4.50% on Thursday, hitting $26.96. 529,125 shares of the company’s stock traded hands. Imax Corporation has a one year low of $23.50 and a one year high of $31.23. The stock has a 50-day moving average of $27.66 and a 200-day moving average of $28.04. The company has a market cap of $1.830 billion and a price-to-earnings ratio of 44.39.
IMAX Corporation, together with its wholly owned subsidiaries, is an entertainment technology companies, specializing in motion picture technologies and presentations.
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