Roth Capital Issues Negative Estimate for IMAX Earnings

IMAX Co. (NYSE:IMAX - Free Report) - Stock analysts at Roth Capital dropped their Q1 2025 earnings estimates for shares of IMAX in a research report issued on Thursday, February 20th. Roth Capital analyst E. Handler now anticipates that the company will earn $0.11 per share for the quarter, down from their previous forecast of $0.12. The consensus estimate for IMAX's current full-year earnings is $0.91 per share. Roth Capital also issued estimates for IMAX's Q2 2025 earnings at $0.19 EPS and Q3 2025 earnings at $0.20 EPS.

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

IMAX has been the subject of several other research reports. Wells Fargo & Company boosted their price target on IMAX from $26.00 to $32.00 and gave the company an "overweight" rating in a report on Thursday. Macquarie boosted their price objective on IMAX from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday. StockNews.com cut shares of IMAX from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Roth Mkm lifted their price target on shares of IMAX from $27.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, Barrington Research increased their price objective on shares of IMAX from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Thursday. Two investment 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.67.

IMAX Price Performance

Shares of NYSE:IMAX traded up $0.21 during midday trading on Monday, hitting $26.24. The company had a trading volume of 935,850 shares, compared to its average volume of 728,215. IMAX has a 12-month low of $14.94 and a 12-month high of $27.77. The company has a fifty day moving average of $24.65 and a two-hundred day moving average of $23.03. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 53.54, a PEG ratio of 1.49 and a beta of 1.22.

Insider Buying and Selling

In other IMAX news, insider Kenneth Ian Weissman sold 6,309 shares of IMAX stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $25.51, for a total value of $160,942.59. Following the sale, the insider now owns 25,139 shares of the company's stock, valued at $641,295.89. The trade was a 20.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 value of $1,425,705.00. Following the sale, the executive vice president now directly owns 138,889 shares in the company, valued at $3,541,669.50. This trade represents a 28.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,176 shares of company stock worth $1,662,110. 24.08% of the stock is owned by insiders.

Institutional Investors Weigh In On IMAX

Several large investors have recently bought and sold shares of IMAX. Mizuho Markets Americas LLC lifted its position in IMAX by 47.5% during the third quarter. Mizuho Markets Americas LLC now owns 387,689 shares of the company's stock valued at $7,952,000 after purchasing an additional 124,811 shares during the last quarter. Royce & Associates LP raised its position in shares of IMAX by 3.1% during the 3rd quarter. Royce & Associates LP now owns 1,822,616 shares of the company's stock valued at $37,382,000 after buying an additional 54,850 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of IMAX in the 3rd quarter valued at about $777,000. Savant Capital LLC purchased a new position in IMAX in the fourth quarter worth about $249,000. Finally, Lord Abbett & CO. LLC bought a new stake in IMAX during the third quarter worth approximately $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.