National Bank Financial Comments on Cineplex Inc.’s Q3 2024 Earnings (TSE:CGX)

Cineplex Inc. (TSE:CGX) – Equities researchers at National Bank Financial issued their Q3 2024 earnings per share estimates for Cineplex in a report released on Monday, September 30th. National Bank Financial analyst A. Shine forecasts that the company will post earnings per share of $0.24 for the quarter. The consensus estimate for Cineplex’s current full-year earnings is $1.07 per share.

Other research analysts have also recently issued research reports about the stock. Desjardins boosted their price target on shares of Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. TD Securities boosted their target price on shares of Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada dropped their target price on Cineplex from C$14.00 to C$13.00 in a report on Wednesday, July 24th. Canaccord Genuity Group decreased their price target on Cineplex from C$12.00 to C$11.50 in a report on Wednesday, September 25th. Finally, Scotiabank increased their price objective on Cineplex from C$10.00 to C$12.00 and gave the company an “outperform” rating in a report on Monday, August 12th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cineplex presently has a consensus rating of “Moderate Buy” and an average price target of C$18.64.

Cineplex Stock Down 1.5 %

CGX stock opened at C$10.31 on Wednesday. The company’s 50 day moving average price is C$10.24 and its 200 day moving average price is C$8.79. The firm has a market capitalization of C$656.54 million, a price-to-earnings ratio of -9.13, a PEG ratio of 0.30 and a beta of 2.75. Cineplex has a fifty-two week low of C$7.10 and a fifty-two week high of C$11.16. The company has a debt-to-equity ratio of 30,533.69, a quick ratio of 0.22 and a current ratio of 0.36.

Cineplex (TSE:CGX) last posted its quarterly earnings results on Friday, August 9th. The company reported C($0.33) earnings per share (EPS) for the quarter. The business had revenue of C$277.34 million during the quarter, compared to the consensus estimate of C$283.90 million.

Cineplex Company Profile

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.