What is Roth Capital's Forecast for IMAX FY2027 Earnings?

IMAX Co. (NYSE:IMAX - Free Report) - Analysts at Roth Capital upped their FY2027 EPS estimates for IMAX in a research report issued to clients and investors on Wednesday, April 9th. Roth Capital analyst E. Handler now anticipates that the company will post earnings per share of $1.28 for the year, up from their prior forecast of $1.24. The consensus estimate for IMAX's current full-year earnings is $0.91 per share.

Other research analysts have also recently issued research reports about the company. Benchmark reiterated a "buy" rating and set a $30.00 price objective on shares of IMAX in a research note on Thursday, April 10th. JPMorgan Chase & Co. lowered their price target on IMAX from $27.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday. 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. Macquarie boosted their price objective on shares of IMAX from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, Barrington Research raised their target price on shares of IMAX from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $30.56.

IMAX Price Performance

IMAX stock traded down $0.10 during mid-day trading on Thursday, reaching $21.54. 342,236 shares of the company traded hands, compared to its average volume of 754,456. IMAX has a 52-week low of $14.94 and a 52-week high of $27.77. The firm's 50 day moving average price is $25.29 and its 200 day moving average price is $24.18. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 43.96, a P/E/G ratio of 1.49 and a beta of 0.91.

IMAX (NYSE:IMAX - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.14). The company had revenue of $92.67 million during the quarter, compared to analysts' expectations of $104.08 million. IMAX had a return on equity of 8.60% and a net margin of 7.40%.

Institutional Investors Weigh In On IMAX

Institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in IMAX by 69.3% in the 4th quarter. Principal Financial Group Inc. now owns 103,946 shares of the company's stock worth $2,661,000 after purchasing an additional 42,562 shares during the period. Intech Investment Management LLC lifted its stake in shares of IMAX by 116.1% during the 4th quarter. Intech Investment Management LLC now owns 21,589 shares of the company's stock worth $553,000 after acquiring an additional 11,597 shares during the last quarter. Raymond James Financial Inc. purchased a new position in IMAX during the 4th quarter valued at $9,143,000. Savant Capital LLC purchased a new stake in IMAX in the fourth quarter worth $249,000. Finally, Lord Abbett & CO. LLC bought a new stake in shares of IMAX during the third quarter worth $6,322,000. Institutional investors own 93.51% of the company's stock.

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.