IMAX (IMAX) Scheduled to Post Earnings on Wednesday

IMAX (NYSE:IMAX - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect IMAX to post earnings of $0.23 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

IMAX (NYSE:IMAX - Get Free Report) last released its earnings results on Thursday, July 25th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.11. IMAX had a net margin of 5.97% and a return on equity of 7.78%. The business had revenue of $88.96 million for the quarter, compared to analyst estimates of $74.52 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. IMAX's revenue for the quarter was down 9.2% on a year-over-year basis. On average, analysts expect IMAX to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

IMAX Stock Down 0.4 %

IMAX traded down $0.09 during midday trading on Wednesday, hitting $20.48. The company had a trading volume of 11,281 shares, compared to its average volume of 765,223. IMAX has a 52 week low of $13.20 and a 52 week high of $22.13. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 42.85, a PEG ratio of 1.41 and a beta of 1.25. The stock's 50 day moving average price is $20.58 and its 200 day moving average price is $18.44.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IMAX. JPMorgan Chase & Co. lifted their price target on shares of IMAX from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Monday, October 14th. Barrington Research reiterated an "outperform" rating and issued a $24.00 price objective on shares of IMAX in a research note on Wednesday, September 25th. Macquarie increased their price objective on shares of IMAX from $24.00 to $26.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Rosenblatt Securities reiterated a "buy" rating and issued a $28.00 price objective on shares of IMAX in a research note on Friday, October 4th. Finally, Seaport Res Ptn upgraded shares of IMAX to a "strong-buy" rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, IMAX currently has a consensus rating of "Moderate Buy" and an average target price of $24.11.

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.