FY2022 EPS Estimates for Cineplex Inc. (TSE:CGX) Cut by Analyst

Cineplex Inc. (TSE:CGXGet Rating) – Stock analysts at National Bank Financial lowered their FY2022 earnings per share (EPS) estimates for shares of Cineplex in a research note issued to investors on Monday, January 16th. National Bank Financial analyst A. Shine now expects that the company will post earnings per share of ($0.12) for the year, down from their prior estimate of ($0.11). The consensus estimate for Cineplex’s current full-year earnings is $0.89 per share.

Several other equities research analysts have also weighed in on CGX. TD Securities cut their target price on shares of Cineplex from C$15.50 to C$13.00 and set a “buy” rating on the stock in a report on Tuesday. Canaccord Genuity Group decreased their target price on Cineplex from C$12.25 to C$11.75 in a research note on Wednesday. National Bankshares decreased their target price on Cineplex from C$15.50 to C$13.00 and set an “outperform” rating for the company in a research note on Monday, January 9th. Finally, Scotiabank dropped their target price on shares of Cineplex from C$13.00 to C$11.50 in a report on Friday, January 13th.

Cineplex Stock Performance

CGX stock opened at C$7.79 on Thursday. The business’s fifty day moving average is C$9.03 and its 200-day moving average is C$9.52. The company has a quick ratio of 0.22, a current ratio of 0.34 and a debt-to-equity ratio of 7,933.30. The company has a market cap of C$493.60 million and a P/E ratio of -2.45. Cineplex has a twelve month low of C$7.30 and a twelve month high of C$14.10.

Cineplex (TSE:CGXGet Rating) last released its earnings results on Thursday, November 10th. The company reported C($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.09) by C($0.12). The business had revenue of C$339.84 million for the quarter, compared to the consensus estimate of C$330.60 million.

About Cineplex

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Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through four segments: Film Entertainment and Content, Media, Amusement and Leisure, and Location-Based Entertainment. The company engages in theatre exhibition and theatre food service activities.

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