Cineplex (CGX) Posts Quarterly Results
Cineplex (TSE:CGX) posted its quarterly earnings results on Thursday. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.03, AnalystRatings.NET reports.
CGX has been the subject of a number of recent research reports. Analysts at Scotiabank reiterated an “outperform” rating on shares of Cineplex in a research note on Tuesday. They now have a C$44.25 price target on the stock. On the ratings front, analysts at RBC Capital reiterated an “outperform” rating on shares of Cineplex in a research note on Wednesday, July 9th. They now have a C$44.00 price target on the stock, down previously from C$45.00. Finally, analysts at Hudson Square Research initiated coverage on shares of Cineplex in a research note on Monday, July 7th. They set a “buy” rating and a C$47.00 price target on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$42.69.
Cineplex (TSE:CGX) opened at 39.79 on Thursday. Cineplex has a one year low of $37.74 and a one year high of $44.85. The stock has a 50-day moving average of $40.33 and a 200-day moving average of $40.93. The company has a market cap of $2.505 billion and a price-to-earnings ratio of 30.39.
The company also recently declared a jul 14 dividend, which is scheduled for Sunday, August 31st. Shareholders of record on Thursday, July 31st will be given a dividend of $0.125 per share.
Cineplex Inc (TSE:CGX) owns 100% of Cineplex Entertainment Limited Partnership (the Partnership).
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