Q2 2024 EPS Estimates for IMAX Co. Cut by B. Riley (NYSE:IMAX)

IMAX Co. (NYSE:IMAXFree Report) – Investment analysts at B. Riley reduced their Q2 2024 earnings estimates for IMAX in a note issued to investors on Sunday, July 7th. B. Riley analyst E. Wold now forecasts that the company will post earnings of $0.01 per share for the quarter, down from their prior forecast of $0.04. B. Riley has a “Buy” rating and a $30.00 price objective on the stock. The consensus estimate for IMAX’s current full-year earnings is $0.61 per share. B. Riley also issued estimates for IMAX’s Q3 2025 earnings at $0.18 EPS.

IMAX (NYSE:IMAXGet Free Report) last announced its earnings results on Thursday, April 25th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. IMAX had a net margin of 7.13% and a return on equity of 9.47%. The company had revenue of $79.12 million for the quarter, compared to analyst estimates of $77.88 million.

IMAX has been the topic of a number of other reports. Rosenblatt Securities reiterated a “buy” rating and set a $25.00 target price on shares of IMAX in a research report on Monday, June 17th. Wedbush reiterated an “outperform” rating and set a $22.00 target price on shares of IMAX in a research report on Friday, June 21st. Barrington Research reiterated an “outperform” rating and set a $24.00 target price on shares of IMAX in a research report on Monday, April 22nd. Finally, Benchmark reissued a “buy” rating and set a $22.00 price target on shares of IMAX in a research note on Thursday, June 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.86.

View Our Latest Report on IMAX

IMAX Trading Up 1.9 %

Shares of IMAX stock opened at $17.03 on Tuesday. IMAX has a 1 year low of $13.20 and a 1 year high of $20.70. The firm’s 50 day moving average is $16.50 and its 200-day moving average is $15.87. The firm has a market capitalization of $895.86 million, a price-to-earnings ratio of 35.47, a PEG ratio of 1.38 and a beta of 1.26.

Institutional Investors Weigh In On IMAX

Several large investors have recently bought and sold shares of the company. Mission Wealth Management LP increased its stake in IMAX by 3.6% in the fourth quarter. Mission Wealth Management LP now owns 50,587 shares of the company’s stock valued at $760,000 after purchasing an additional 1,737 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of IMAX by 19.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,082 shares of the company’s stock valued at $212,000 after buying an additional 2,153 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of IMAX in the fourth quarter valued at approximately $33,000. Tower Research Capital LLC TRC boosted its holdings in shares of IMAX by 545.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,992 shares of the company’s stock valued at $75,000 after buying an additional 4,218 shares during the period. Finally, Equitable Trust Co. boosted its holdings in shares of IMAX by 12.3% in the first quarter. Equitable Trust Co. now owns 40,710 shares of the company’s stock valued at $658,000 after buying an additional 4,455 shares during the period. Institutional investors own 93.51% of the company’s stock.

Insider Buying and Selling at IMAX

In other IMAX news, EVP Calamera Pablo sold 6,130 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $17.05, for a total value of $104,516.50. Following the completion of the sale, the executive vice president now owns 42,269 shares of the company’s stock, valued at $720,686.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 24.08% of the company’s stock.

About IMAX

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IMAX Corporation, together with its subsidiaries, operates as a technology platform for entertainment and events worldwide. The company operates in two segments, Content Solutions and Technology Products and Services. The company offers IMAX DMR, a proprietary technology that digitally remasters films and other content into IMAX formats for distribution to the IMAX network; IMAX Enhanced that provides end-to-end technology across streaming content and entertainment devices at home; and SSIMWAVE, an AI-driven video quality solutions for media and entertainment companies.

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Earnings History and Estimates for IMAX (NYSE:IMAX)

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