Cineplex Inc (TSE:CGX) – Equities research analysts at National Bank Financial reduced their FY2017 earnings per share (EPS) estimates for Cineplex in a report issued on Monday. National Bank Financial analyst A. Shine now forecasts that the company will post earnings per share of $1.13 for the year, down from their previous forecast of $1.20. National Bank Financial currently has a “Sector Perform” rating and a $38.00 target price on the stock. National Bank Financial also issued estimates for Cineplex’s Q4 2017 earnings at $0.51 EPS and FY2018 earnings at $1.18 EPS.

Cineplex (TSE:CGX) last issued its quarterly earnings results on Tuesday, November 7th. The company reported C$0.27 earnings per share (EPS) for the quarter. Cineplex had a net margin of 4.65% and a return on equity of 9.62%.

CGX has been the topic of a number of other research reports. Scotiabank restated an “outperform” rating and issued a C$46.00 price target on shares of Cineplex in a research report on Wednesday, September 20th. Raymond James Financial dropped their price target on shares of Cineplex from C$52.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 26th. BMO Capital Markets downgraded shares of Cineplex from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$44.00 to C$37.00 in a research report on Monday. Finally, TD Securities dropped their price target on shares of Cineplex from C$52.00 to C$47.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$44.63.

Cineplex (TSE:CGX) opened at C$30.65 on Thursday. The stock has a market cap of $1,940.00, a P/E ratio of 29.76 and a beta of 0.41. Cineplex has a 1 year low of C$30.35 and a 1 year high of C$54.81.

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.48%. Cineplex’s payout ratio is presently 159.71%.

In other Cineplex news, insider Lorraine Marie Legault purchased 1,625 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was acquired at an average price of C$39.82 per share, for a total transaction of C$64,707.50. Also, Director Sarabjit Marwah purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were acquired at an average price of C$37.07 per share, with a total value of C$185,350.00. Insiders have purchased a total of 10,625 shares of company stock worth $394,058 in the last quarter.

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About Cineplex

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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