Imax Corp (NYSE:IMAX) – Investment analysts at Dougherty & Co issued their Q2 2019 earnings per share (EPS) estimates for shares of Imax in a research note issued on Monday, April 29th, according to Zacks Investment Research. Dougherty & Co analyst S. Frankel anticipates that the company will post earnings of $0.21 per share for the quarter.
Imax (NYSE:IMAX) last released its quarterly earnings results on Friday, April 26th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Imax had a return on equity of 6.31% and a net margin of 6.12%. The business had revenue of $80.20 million during the quarter, compared to analyst estimates of $81.29 million. During the same quarter in the prior year, the company posted $0.21 EPS. Imax’s quarterly revenue was down 5.6% compared to the same quarter last year.
IMAX has been the topic of a number of other research reports. Wedbush reiterated an “outperform” rating on shares of Imax in a report on Wednesday, January 30th. B. Riley set a $34.00 target price on Imax and gave the stock a “buy” rating in a report on Monday, April 8th. Canaccord Genuity downgraded Imax from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a report on Monday, February 25th. TheStreet upgraded Imax from a “c” rating to a “b-” rating in a report on Friday, April 26th. Finally, MKM Partners upped their target price on Imax to $28.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $26.83.
Shares of IMAX stock traded down $0.12 during midday trading on Wednesday, reaching $22.10. 263,811 shares of the stock were exchanged, compared to its average volume of 401,211. Imax has a 1 year low of $17.55 and a 1 year high of $26.10. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 39.46, a price-to-earnings-growth ratio of 1.46 and a beta of 1.08.
Several institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB boosted its stake in Imax by 1.2% during the 1st quarter. Nordea Investment Management AB now owns 222,078 shares of the company’s stock valued at $5,036,000 after purchasing an additional 2,633 shares during the last quarter. BlueMountain Capital Management LLC boosted its stake in Imax by 139.4% during the 1st quarter. BlueMountain Capital Management LLC now owns 11,108 shares of the company’s stock valued at $252,000 after purchasing an additional 6,469 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Imax by 24.7% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,600 shares of the company’s stock valued at $240,000 after purchasing an additional 2,100 shares during the last quarter. SEI Investments Co boosted its stake in Imax by 11.4% during the 1st quarter. SEI Investments Co now owns 76,982 shares of the company’s stock valued at $1,746,000 after purchasing an additional 7,900 shares during the last quarter. Finally, Ellington Management Group LLC purchased a new stake in Imax during the 1st quarter valued at $363,000. Institutional investors own 78.19% of the company’s stock.
In related news, insider Robert D. Lister sold 59,767 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $22.54, for a total value of $1,347,148.18. Following the sale, the insider now owns 39,163 shares in the company, valued at approximately $882,734.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey Vance sold 1,436 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $22.43, for a total value of $32,209.48. Following the completion of the sale, the senior vice president now owns 3,875 shares in the company, valued at approximately $86,916.25. The disclosure for this sale can be found here. Insiders sold a total of 162,930 shares of company stock worth $3,728,839 in the last 90 days. 18.70% of the stock is currently owned by company insiders.
IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company that specializes in motion picture technologies and presentations worldwide. It offers cinematic solution comprising proprietary software, theater architecture, and equipment. The company engages in Digital Re-Mastering (DMR) of films into the IMAX format for exhibition in the IMAX theater network; the provision of IMAX premium theater systems to exhibitor customers through sales, long-term leases, and joint revenue sharing arrangements; the distribution of documentary films; the provision of production technical support and film post-production services; the ownership and operation of IMAX theaters; and the provision of camera and other miscellaneous items rental services.