IMAX (IMAX) to Release Quarterly Earnings on Wednesday

IMAX (NYSE:IMAX - Get Free Report) is anticipated to post 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. Individual that are interested in registering for the company's earnings conference call can do so using this link.

IMAX Stock Performance

Shares of IMAX traded up $0.17 during trading hours on Friday, reaching $27.00. 1,112,846 shares of the company traded hands, compared to its average volume of 621,607. The stock's fifty day moving average is $24.55 and its 200 day moving average is $22.81. The stock has a market cap of $1.42 billion, a P/E ratio of 61.36, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22. IMAX has a 1-year low of $14.48 and a 1-year high of $27.29.

Insiders Place Their Bets

In other news, CFO Natasha Fernandes sold 2,957 shares of the company's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $25.52, for a total transaction of $75,462.64. Following the transaction, the chief financial officer now directly owns 14,883 shares in the company, valued at approximately $379,814.16. This represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert D. Lister sold 55,910 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $25.50, for a total transaction of $1,425,705.00. Following the transaction, the executive vice president now owns 138,889 shares in the company, valued at $3,541,669.50. The trade was a 28.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,176 shares of company stock valued at $1,662,110. 24.08% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Barrington Research reaffirmed an "outperform" rating and set a $30.00 price objective on shares of IMAX in a research report on Friday, January 10th. Wedbush reissued an "outperform" rating and issued a $32.00 target price on shares of IMAX in a research note on Wednesday. Roth Mkm upped their target price on shares of IMAX from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Benchmark reissued a "buy" rating and issued a $30.00 target price on shares of IMAX in a research note on Friday, January 17th. Finally, StockNews.com cut shares of IMAX from a "buy" rating to a "hold" rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $28.63.

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.