FY2024 Earnings Estimate for IMAX Co. (NYSE:IMAX) Issued By B. Riley

IMAX Co. (NYSE:IMAXFree Report) – Investment analysts at B. Riley decreased their FY2024 earnings estimates for IMAX in a report issued on Sunday, July 7th. B. Riley analyst E. Wold now expects that the company will earn $0.68 per share for the year, down from their prior estimate of $0.71. B. Riley currently has a “Buy” rating and a $30.00 price target 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 Q2 2025 earnings at $0.10 EPS.

A number of other brokerages also recently issued reports on IMAX. Wedbush reaffirmed an “outperform” rating and issued a $22.00 price target on shares of IMAX in a report on Friday, June 21st. Benchmark reissued a “buy” rating and issued a $22.00 price objective on shares of IMAX in a report on Thursday, June 20th. Rosenblatt Securities reissued a “buy” rating and issued a $25.00 price objective on shares of IMAX in a report on Monday, June 17th. Finally, Barrington Research reissued an “outperform” rating and issued a $24.00 price objective on shares of IMAX in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.86.

View Our Latest Analysis on IMAX

IMAX Stock Down 2.5 %

Shares of IMAX opened at $16.59 on Wednesday. The stock has a 50 day moving average price of $16.51 and a 200 day moving average price of $15.88. The company has a market capitalization of $872.97 million, a price-to-earnings ratio of 34.56, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. IMAX has a 52-week low of $13.20 and a 52-week high of $20.70.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Kodai Capital Management LP purchased a new position in IMAX in the fourth quarter worth $5,287,000. Principal Financial Group Inc. purchased a new position in shares of IMAX in the first quarter valued at $871,000. Victory Capital Management Inc. increased its position in shares of IMAX by 13.0% in the fourth quarter. Victory Capital Management Inc. now owns 825,319 shares of the company’s stock valued at $12,396,000 after buying an additional 95,182 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of IMAX by 44.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 158,022 shares of the company’s stock valued at $2,373,000 after buying an additional 48,266 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of IMAX by 65.5% in the fourth quarter. SG Americas Securities LLC now owns 11,868 shares of the company’s stock valued at $178,000 after buying an additional 4,699 shares in the last quarter. Hedge funds and other institutional investors own 93.51% of the company’s stock.

Insider Transactions at IMAX

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

IMAX Company Profile

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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.

Further Reading

Earnings History and Estimates for IMAX (NYSE:IMAX)

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