IMAX (IMAX) Expected to Announce Earnings on Wednesday

IMAX (NYSE:IMAX) will likely be posting its quarterly earnings results after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.31 per share and revenue of $105.91 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

IMAX Stock Down 0.0 %

NYSE:IMAX opened at $25.45 on Wednesday. IMAX has a twelve month low of $13.90 and a twelve month high of $26.84. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 57.84, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22. The stock’s 50 day moving average price is $24.51 and its two-hundred day moving average price is $22.69.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $28.00 price target on shares of IMAX in a research report on Thursday, January 16th. Barrington Research reaffirmed an “outperform” rating and issued a $30.00 target price on shares of IMAX in a report on Friday, January 10th. Benchmark reiterated a “buy” rating and set a $30.00 price target on shares of IMAX in a report on Friday, January 17th. Wedbush restated an “outperform” rating and issued a $32.00 price objective on shares of IMAX in a research note on Friday, January 17th. Finally, Roth Mkm lifted their target price on IMAX from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, IMAX currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.63.

Insider Activity at IMAX

In other IMAX news, EVP Robert D. Lister sold 55,910 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $25.50, for a total value of $1,425,705.00. Following the completion of the sale, the executive vice president now owns 138,889 shares of the company’s stock, valued at $3,541,669.50. The trade was a 28.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kenneth Ian Weissman sold 6,309 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $25.51, for a total transaction of $160,942.59. Following the transaction, the insider now directly owns 25,139 shares in the company, valued at $641,295.89. This represents a 20.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,176 shares of company stock worth $1,662,110 in the last ninety days. 24.08% of the stock is owned by company insiders.

IMAX Company Profile

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.