IMAX (IMAX) Expected to Announce Earnings on Wednesday

IMAX (NYSE:IMAX - Get Free Report) is expected to be releasing its earnings data after the market closes on Wednesday, April 23rd. Analysts expect IMAX to post earnings of $0.19 per share and revenue of $82.95 million for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

IMAX (NYSE:IMAX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.14). IMAX had a return on equity of 8.60% and a net margin of 7.40%. The firm had revenue of $92.67 million for the quarter, compared to analyst estimates of $104.08 million. On average, analysts expect IMAX to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

IMAX Stock Performance

Shares of NYSE IMAX traded up $0.70 during mid-day trading on Friday, reaching $22.47. 1,134,183 shares of the company's stock were exchanged, compared to its average volume of 757,061. The company's 50-day moving average is $25.03 and its 200-day moving average is $24.20. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 45.85, a PEG ratio of 1.49 and a beta of 0.91. IMAX has a 52-week low of $14.94 and a 52-week high of $27.77.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on IMAX from $27.00 to $26.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. StockNews.com cut IMAX from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Benchmark reiterated a "buy" rating and set a $30.00 price target on shares of IMAX in a research note on Thursday, April 10th. Macquarie lifted their target price on IMAX from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, Wells Fargo & Company boosted their target price on IMAX from $26.00 to $32.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, IMAX currently has an average rating of "Moderate Buy" and a consensus target price of $30.56.

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.