National Bank Financial Equities Analysts Raise Earnings Estimates for Cineplex Inc. (TSE:CGX)

Cineplex Inc. (TSE:CGX) – Research analysts at National Bank Financial increased their FY2024 earnings estimates for shares of Cineplex in a report released on Wednesday, April 10th. National Bank Financial analyst A. Shine now forecasts that the company will post earnings per share of $0.43 for the year, up from their prior estimate of $0.40. The consensus estimate for Cineplex’s current full-year earnings is $0.51 per share.

Cineplex (TSE:CGX) last issued its earnings results on Thursday, February 8th. The company reported C($0.19) EPS for the quarter. The firm had revenue of C$315.08 million for the quarter, compared to analyst estimates of C$359.50 million.

A number of other equities analysts have also commented on the stock. Royal Bank of Canada cut their price objective on shares of Cineplex from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a report on Friday, February 9th. BMO Capital Markets boosted their price objective on shares of Cineplex from C$11.50 to C$12.50 and gave the stock a “market perform” rating in a report on Wednesday, March 6th. Canaccord Genuity Group cut their price objective on shares of Cineplex from C$13.75 to C$13.00 and set a “buy” rating on the stock in a report on Friday, February 9th. National Bankshares cut their price objective on shares of Cineplex from C$13.50 to C$12.50 and set an “outperform” rating on the stock in a report on Tuesday, January 16th. Finally, Scotiabank upped their target price on shares of Cineplex from C$11.00 to C$11.25 and gave the company an “outperform” rating in a research note on Friday, March 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.88.

Cineplex Stock Performance

Cineplex stock opened at C$7.66 on Monday. Cineplex has a 12-month low of C$7.14 and a 12-month high of C$10.26. The company has a debt-to-equity ratio of 7,933.30, a current ratio of 0.55 and a quick ratio of 0.22. The company has a market capitalization of C$487.79 million, a price-to-earnings ratio of 4.26, a price-to-earnings-growth ratio of 0.30 and a beta of 2.88. The firm’s fifty day moving average price is C$7.74 and its 200 day moving average price is C$8.24.

Insider Activity at Cineplex

In other Cineplex news, Senior Officer Kevin David Watts acquired 3,200 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of C$7.92 per share, with a total value of C$25,344.00. In other Cineplex news, Senior Officer Kevin David Watts acquired 3,200 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of C$7.92 per share, with a total value of C$25,344.00. Also, Senior Officer Gordon Nelson acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were acquired at an average cost of C$7.47 per share, with a total value of C$74,700.00. Insiders acquired a total of 14,500 shares of company stock valued at $109,911 in the last quarter. Insiders own 1.52% of the company’s stock.

About Cineplex

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.