Cineplex Inc (CGX) Set to Announce Quarterly Earnings on Monday
Cineplex Inc (TSE:CGX) will be announcing its earnings results before the market opens on Monday, November 6th.
Cineplex Inc (TSE:CGX) opened at 38.07 on Monday. The stock has a market capitalization of $2.42 billion and a price-to-earnings ratio of 32.26. The stock’s 50 day moving average is $38.79 and its 200-day moving average is $46.44. Cineplex Inc has a 12 month low of $34.43 and a 12 month high of $54.81.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.68 dividend on an annualized basis and a yield of 4.41%.
A number of research analysts recently commented on the company. Raymond James Financial, Inc. lowered their price objective on Cineplex from C$52.00 to C$46.00 and set an “outperform” rating for the company in a research note on Tuesday, September 26th. Scotiabank restated an “outperform” rating and set a C$46.00 price objective on shares of Cineplex in a research note on Wednesday, September 20th. BMO Capital Markets lowered their price objective on Cineplex from C$48.00 to C$44.00 and set an “outperform” rating for the company in a research note on Wednesday, September 6th. National Bank Financial lowered their price objective on Cineplex from C$46.00 to C$42.00 and set a “sector perform” rating for the company in a research note on Thursday, August 17th. Finally, Royal Bank Of Canada upgraded Cineplex from a “sector perform” rating to an “outperform” rating and lowered their price objective for the stock from C$54.00 to C$50.00 in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$47.63.
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In other Cineplex news, insider Daniel F. Mcgrath purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was bought at an average price of C$38.59 per share, with a total value of C$385,900.00.
Cineplex Inc (Cineplex) is a Canada-based film exhibition company. The Company’s segments include Exhibition and Media. The Exhibition segment includes all direct and ancillary revenues from theatre attendance, including box office and food service revenues. The Exhibition segment also includes amusement gaming and leisure, theatre rentals and digital commerce rental and sales.
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