Imax Corp. (IMAX) to Release Quarterly Earnings on Thursday
Imax Corp. (NYSE:IMAX) will release its Q316 earnings data on Thursday, October 20th. Analysts expect Imax Corp. to post earnings of $0.12 per share and revenue of $77.09 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Imax Corp. (NYSE:IMAX) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. Imax Corp. had a return on equity of 7.66% and a net margin of 12.47%. The company had revenue of $91.70 million for the quarter, compared to analysts’ expectations of $91.30 million. During the same period last year, the firm posted $0.40 earnings per share. Imax Corp.’s revenue was down 14.5% compared to the same quarter last year. On average, analysts expect Imax Corp. to post $0.89 EPS for the current fiscal year and $1.29 EPS for the next fiscal year.
Imax Corp. (NYSE:IMAX) opened at 30.14 on Wednesday. Imax Corp. has a 12 month low of $25.52 and a 12 month high of $40.36. The firm has a 50-day moving average price of $29.48 and a 200 day moving average price of $30.77. The stock has a market capitalization of $2.02 billion, a PE ratio of 43.49 and a beta of 1.55.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/imax-corp-imax-to-release-quarterly-earnings-on-thursday.html
A number of equities research analysts have weighed in on IMAX shares. Zacks Investment Research lowered Imax Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Benchmark Co. reaffirmed a “buy” rating on shares of Imax Corp. in a research report on Wednesday, June 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $45.00 target price on shares of Imax Corp. in a research report on Thursday, June 23rd. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Imax Corp. in a research report on Wednesday, June 22nd. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Imax Corp. in a research report on Wednesday, June 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $40.56.
In other news, CEO Richard L. Gelfond sold 7,741 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $30.83, for a total value of $238,655.03. Following the sale, the chief executive officer now owns 102,470 shares in the company, valued at $3,159,150.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.80% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Advisor Group Inc. acquired a new position in Imax Corp. during the second quarter worth $121,000. BlackRock Inc. boosted its position in Imax Corp. by 22.7% in the second quarter. BlackRock Inc. now owns 4,879 shares of the company’s stock worth $144,000 after buying an additional 902 shares during the last quarter. Mackenzie Financial Corp acquired a new position in Imax Corp. during the second quarter worth $218,000. Burnham Asset Management Corp NY acquired a new position in Imax Corp. during the second quarter worth $310,000. Finally, California Public Employees Retirement System acquired a new position in Imax Corp. during the second quarter worth $318,000. Hedge funds and other institutional investors own 79.80% of the company’s stock.
About Imax Corp.
IMAX Corporation is an entertainment technology company. The Company operates through seven segments: the IMAX systems, the theater system maintenance, the 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.
Receive News & Ratings for Imax Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imax Corp. and related companies with MarketBeat.com's FREE daily email newsletter.