News headlines about Imax Corporation (NYSE:IMAX) have trended somewhat positive on Thursday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Imax Corporation earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.5504995682992 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
A number of equities analysts recently weighed in on the stock. Credit Suisse Group reduced their target price on Imax Corporation from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, September 28th. Wedbush reissued an “outperform” rating and issued a $35.00 target price on shares of Imax Corporation in a report on Thursday, July 20th. Canaccord Genuity set a $32.00 target price on Imax Corporation and gave the company a “buy” rating in a report on Monday. B. Riley set a $35.00 target price on Imax Corporation and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, BidaskClub raised Imax Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Imax Corporation presently has a consensus rating of “Hold” and a consensus target price of $31.90.
Imax Corporation (NYSE IMAX) traded up 11.43% during mid-day trading on Thursday, reaching $23.40. The company’s stock had a trading volume of 2,458,209 shares. Imax Corporation has a 1-year low of $17.58 and a 1-year high of $35.30. The firm has a 50-day moving average of $21.63 and a 200 day moving average of $23.67. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 158.11 and a beta of 1.00.
Imax Corporation (NYSE:IMAX) last released its earnings results on Thursday, October 26th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.07. Imax Corporation had a return on equity of 2.39% and a net margin of 2.81%. The firm had revenue of $98.80 million during the quarter, compared to analysts’ expectations of $86.17 million. During the same period in the prior year, the company earned $0.12 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Equities analysts expect that Imax Corporation will post $0.56 earnings per share for the current year.
In related news, CFO Patrick Mcclymont sold 1,760 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $20.50, for a total value of $36,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Greg Foster sold 9,417 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $19.55, for a total value of $184,102.35. Following the completion of the sale, the chief executive officer now owns 67,018 shares of the company’s stock, valued at $1,310,201.90. The disclosure for this sale can be found here. 18.90% of the stock is owned by corporate insiders.
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Imax Corporation Company Profile
IMAX Corporation is an entertainment technology company. The Company operates through seven segments: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment.
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