Imax Corporation (IMAX) Announces Quarterly Earnings Results

Imax Corporation (NYSE:IMAX) announced its earnings results on Thursday, October 26th. The company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.07, Briefing.com reports. Imax Corporation had a return on equity of 2.62% and a net margin of 1.78%. The firm had revenue of $98.80 million for the quarter, compared to analysts’ expectations of $86.17 million. During the same quarter in the previous year, the company earned $0.12 earnings per share. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year.

Imax Corporation (NYSE:IMAX) opened at $23.55 on Friday. The firm has a market cap of $1,524.98, a P/E ratio of 98.13, a P/E/G ratio of 3.46 and a beta of 1.12. Imax Corporation has a twelve month low of $17.58 and a twelve month high of $35.30.

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In other Imax Corporation news, 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 sale, the chief executive officer now directly owns 67,018 shares in the company, valued at $1,310,201.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 18.90% of the company’s stock.

IMAX has been the topic of several research analyst reports. Wedbush restated a “buy” rating and set a $29.00 price target on shares of Imax Corporation in a report on Tuesday, October 10th. B. Riley reiterated a “buy” rating and issued a $35.00 price objective on shares of Imax Corporation in a report on Tuesday, August 1st. BidaskClub cut shares of Imax Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research raised shares of Imax Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, Piper Jaffray Companies set a $35.00 target price on shares of Imax Corporation and gave the stock a “buy” rating in a research report on Friday, July 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $31.00.

About Imax Corporation

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.

Earnings History for Imax Corporation (NYSE:IMAX)

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