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.
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.
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