Imax Corp (IMAX) Scheduled to Post Quarterly Earnings on Wednesday

Imax Corp (NYSE:IMAX) is set to issue its quarterly earnings data after the market closes on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.08 per share for the quarter.

Imax Corp (NYSE:IMAX) last issued its earnings results on Wednesday, July 26th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.17. The company had revenue of $87.76 million for the quarter, compared to analyst estimates of $89.26 million. Imax Corp had a net margin of 2.36% and a negative return on equity of 1.28%. The business’s revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS. On average, analysts expect Imax Corp to post $0.60 EPS for the current fiscal year and $0.96 EPS for the next fiscal year.

Shares of Imax Corp (NYSE IMAX) opened at 21.75 on Wednesday. The firm’s 50 day moving average is $20.94 and its 200 day moving average is $24.58. Imax Corp has a 12 month low of $17.58 and a 12 month high of $35.30. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 146.96 and a beta of 0.99.

In related news, CEO Greg Foster sold 9,417 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $19.55, for a total value of $184,102.35. Following the completion of the transaction, the chief executive officer now owns 67,018 shares in the company, valued at approximately $1,310,201.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Patrick Mcclymont sold 1,760 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $20.50, for a total value of $36,080.00. The disclosure for this sale can be found here. Company insiders own 18.90% of the company’s stock.

Several research analysts have recently issued reports on IMAX shares. BidaskClub raised Imax Corp from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Piper Jaffray Companies set a $35.00 price target on Imax Corp and gave the stock a “buy” rating in a research note on Friday, July 21st. Zacks Investment Research raised Imax Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Barrington Research cut Imax Corp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 12th. Finally, MKM Partners decreased their price target on Imax Corp from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $32.00.

COPYRIGHT VIOLATION NOTICE: This piece was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://stocknewstimes.com/2017/10/11/imax-corp-imax-scheduled-to-post-quarterly-earnings-on-wednesday.html.

About Imax Corp

IMAX Corporation is an entertainment technology company. The Company operates through seven segments: IMAX systems; theater system maintenance; 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.

Earnings History for Imax Corp (NYSE:IMAX)

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.

Latest News

Leave a Reply