10 June, 2017
Shares of Imax Corp (NYSE:IMAX) opened at 24.15 on Wednesday. IMAX's profit would be $17.26M giving it 22.88 P/E if the $0.26 EPS is correct. On average, equities research analysts predict that Imax Corp will post $0.91 EPS for the current fiscal year. The company is scheduled to report its next quarterly earnings results on Wednesday, July 19th. IMAX had 24 analyst reports since July 21, 2015 according to SRatingsIntel. During the same period past year, the company posted $0.22 earnings per share. Previously Imax Corp (NYSE:IMAX) reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02 with surprise factor of 50%. The business had revenue of $68.70 million during the quarter, compared to the consensus estimate of $71.53 million. Imax Corp's revenue was down 25.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 EPS.
09/14/2016 - Imax Corporation had its " rating reiterated by analysts at Macquarie.
Analysts at the Benchmark Co. equities research division downgraded the rating of IMAX Corp (NYSE:IMAX) shares to a "Hold" on Wednesday morning.
Shares of Imax Corp (NYSE:IMAX) now have an Average Brokerage Recommendation of 1.38, number of Recs in ABR is 8 while industry rank of the company by ABR is 225 out of 265. M Partners has "Buy" rating and $40 target. Canaccord Genuity set a $39.00 price target on shares of Imax Corp and gave the stock a "buy" rating in a report on Monday, February 27th. Benchmark maintained the stock with "Buy" rating in Monday, March 7 report. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company's stock. They now have a United States dollars 40 price target on the stock.
In related news, insider Eileen Campbell sold 8,512 shares of the stock in a transaction dated Wednesday, March 8th. Analysts set a 12-month price target of $47.23 a share. The firm owned 943,621 shares of the company's stock after buying an additional 175,539 shares during the period. The shares were sold at an average price of $33.20, for a total value of $3,320,000.00. Following the completion of the transaction, the chief executive officer now owns 167,018 shares in the company, valued at approximately $5,544,997.60. The disclosure for this sale can be found here. Insiders own 5.80% of the company's stock.
Several other research firms have also recently commented on IMAX. FNY Partners Fund LP bought a new stake in Imax Corp during the fourth quarter valued at about $173,000. State Street Corp raised its position in shares of Imax Corp by 4.4% in the fourth quarter. The firm owned 715,334 shares of the company's stock after selling 182,037 shares during the period. Holland Capital Management LLC owned 0.14% of Imax Corp worth $3,165,000 at the end of the most recent quarter. Finally, Garnet Equity Capital Holdings Inc. purchased a new position in Imax Corp during the third quarter valued at approximately $2,752,000. First Republic Investment Management Inc. raised its position in Imax Corp by 1.7% in the fourth quarter. Finally, Penn Capital Management Co. IL boosted its position in shares of Imax Corp by 1.5% in the first quarter. Penn Capital Management Co. Putnam Investments LLC now owns 25,794 shares of the company's stock valued at $810,000 after buying an additional 416 shares in the last quarter.
Wall Street await Imax Corp (USA) (NYSE:IMAX) to release earnings on July, 19. A total of 1.77 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 1.09 Million shares, while its relative volume stands at 1.63. The 50 day moving average moved down $-3.70 and the 200 day average went down $-6.33 or -20.10%.
February 9 investment analysts at JP Morgan made no change to the company rating of "Neutral" but lowered the price target to $30.00 from $37.00. Imax Corp (NYSE:IMAX) has a market cap of $1.59 Billion and the number of outstanding shares have been calculated 65.59 Million. If you are reading this article on another site, it was copied illegally and republished in violation of US and global copyright laws.
Corporate insiders own 5.80% of the company's stock. The Business's principal businesses include the design and manufacture of theater systems (IMAX theater systems) and the sale, lease or contribution of those systems to customers, and the Digital Re-Mastering of films into the IMAX format and the exhibition of those films in the IMAX theater network.
