FY2017 EPS Estimates for Cineplex Inc Cut by Analyst (CGX)
Cineplex Inc (TSE:CGX) – Equities research analysts at National Bank Financial cut their FY2017 EPS estimates for shares of Cineplex in a note issued to investors on Wednesday. National Bank Financial analyst A. Shine now forecasts that the company will earn $1.29 per share for the year, down from their previous estimate of $1.76. National Bank Financial also issued estimates for Cineplex’s FY2018 earnings at $1.36 EPS.
WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/08/07/fy2017-eps-estimates-for-cineplex-inc-cut-by-analyst-cgx.html.
CGX has been the subject of several other research reports. Scotiabank boosted their price target on shares of Cineplex from C$57.00 to C$59.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$58.00 price target on shares of Cineplex in a report on Monday, April 10th. TD Securities reissued a “buy” rating and issued a C$60.00 price target on shares of Cineplex in a report on Monday, May 1st. BMO Capital Markets reissued an “outperform” rating and issued a C$58.00 price target on shares of Cineplex in a report on Wednesday, May 3rd. Finally, CIBC boosted their price target on shares of Cineplex from C$54.00 to C$55.00 in a report on Wednesday, May 3rd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$51.00.
Shares of Cineplex (TSE CGX) opened at 43.97 on Monday. The stock has a 50 day moving average price of $51.55 and a 200-day moving average price of $51.68. Cineplex has a 12-month low of $43.75 and a 12-month high of $54.81. The stock has a market cap of $3.14 billion and a price-to-earnings ratio of 37.45.
The business also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Monday, July 31st will be paid a $0.14 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Thursday, July 27th.
Cineplex Inc operates motion picture theatre circuits in Canada and internationally. It operates through two segments, Exhibition and Media. The company engages in various businesses, including theatrical exhibition, food services, gaming, alternative programming, Cineplex digital solutions, and the online sale of home entertainment content through CineplexStore.com and on apps embedded in various electronic devices.
Receive News & Ratings for Cineplex Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cineplex Inc and related companies with MarketBeat.com's FREE daily email newsletter.