IMAX (IMAX) Projected to Post Quarterly Earnings on Wednesday

IMAX (NYSE:IMAX) will likely be posting its quarterly earnings results after the market closes on Wednesday, February 19th. Analysts expect IMAX to post earnings of $0.31 per share and revenue of $104.08 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

IMAX Price Performance

Shares of NYSE:IMAX opened at $27.00 on Tuesday. The business has a 50-day moving average of $24.58 and a two-hundred day moving average of $22.86. IMAX has a fifty-two week low of $14.48 and a fifty-two week high of $27.29. The stock has a market capitalization of $1.42 billion, a P/E ratio of 61.36, a P/E/G ratio of 1.40 and a beta of 1.22.

Insider Buying and Selling

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

Analysts Set New Price Targets

IMAX has been the subject of a number of analyst reports. StockNews.com cut shares of IMAX from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Wedbush restated an “outperform” rating and set a $32.00 price target on shares of IMAX in a report on Wednesday, February 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $28.00 price objective on shares of IMAX in a research note on Thursday, January 16th. Roth Mkm increased their price objective on IMAX from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of IMAX from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.63.

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.