B. Riley Equities Analysts Lower Earnings Estimates for IMAX Co. (NYSE:IMAX)

IMAX Co. (NYSE:IMAX) – Stock analysts at B. Riley reduced their Q2 2024 earnings per share estimates for shares of IMAX in a report issued on Sunday, July 7th. B. Riley analyst E. Wold now anticipates that the company will post earnings per share of $0.01 for the quarter, down from their prior estimate of $0.04. 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 Q3 2025 earnings at $0.18 EPS.

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

IMAX Stock Down 0.5 %

Shares of NYSE IMAX opened at $16.51 on Tuesday. The business has a fifty day simple moving average of $16.52 and a two-hundred day simple moving average of $15.89. The firm has a market cap of $868.84 million, a PE ratio of 34.40, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. IMAX has a twelve month low of $13.20 and a twelve month high of $20.70.

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

Insider Activity

In other news, EVP Calamera Pablo sold 6,130 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $17.05, for a total value of $104,516.50. Following the completion of the transaction, the executive vice president now owns 42,269 shares of the company’s stock, valued at approximately $720,686.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 24.08% of the company’s stock.

Hedge Funds Weigh In On IMAX

Large investors have recently bought and sold shares of the business. Kodai Capital Management LP acquired a new position in IMAX in the 4th quarter worth about $5,287,000. Principal Financial Group Inc. acquired a new position in IMAX in the 1st quarter worth about $871,000. Victory Capital Management Inc. raised its holdings in IMAX by 13.0% in the 4th quarter. Victory Capital Management Inc. now owns 825,319 shares of the company’s stock worth $12,396,000 after purchasing an additional 95,182 shares during the period. Mutual of America Capital Management LLC raised its holdings in IMAX by 44.0% in the 4th quarter. Mutual of America Capital Management LLC now owns 158,022 shares of the company’s stock worth $2,373,000 after purchasing an additional 48,266 shares during the period. Finally, SG Americas Securities LLC raised its holdings in IMAX by 65.5% in the 4th quarter. SG Americas Securities LLC now owns 11,868 shares of the company’s stock worth $178,000 after purchasing an additional 4,699 shares during the period. Institutional investors and hedge funds own 93.51% of the company’s stock.

About IMAX

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.