Roth Capital Weighs in on IMAX's Q1 Earnings (NYSE:IMAX)

IMAX Co. (NYSE:IMAX - Free Report) - Roth Capital raised their Q1 2025 earnings estimates for shares of IMAX in a research report issued to clients and investors on Wednesday, April 9th. Roth Capital analyst E. Handler now expects that the company will post earnings of $0.15 per share for the quarter, up from their previous forecast of $0.11. The consensus estimate for IMAX's current full-year earnings is $0.91 per share. Roth Capital also issued estimates for IMAX's FY2025 earnings at $1.05 EPS and FY2026 earnings at $1.24 EPS.

A number of other brokerages have also weighed in on IMAX. Barrington Research lifted their price objective on IMAX from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Benchmark reiterated a "buy" rating and issued a $30.00 price target on shares of IMAX in a report on Thursday, April 10th. StockNews.com downgraded IMAX from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Macquarie boosted their price target on IMAX from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Finally, Wells Fargo & Company lifted their price target on IMAX from $26.00 to $32.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, IMAX has an average rating of "Moderate Buy" and a consensus target price of $30.56.

IMAX Price Performance

Shares of IMAX traded up $0.07 during midday trading on Friday, reaching $21.73. 360,673 shares of the stock were exchanged, compared to its average volume of 754,188. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 44.35, a PEG ratio of 1.49 and a beta of 0.91. The business's 50-day moving average price is $25.22 and its 200 day moving average price is $24.16. IMAX has a twelve month low of $14.94 and a twelve month high of $27.77.

IMAX (NYSE:IMAX - Get Free Report) last released its 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 business had revenue of $92.67 million for the quarter, compared to analyst estimates of $104.08 million.

Hedge Funds Weigh In On IMAX

Large investors have recently modified their holdings of the stock. FMR LLC boosted its stake in shares of IMAX by 14.2% in the 4th quarter. FMR LLC now owns 4,508,583 shares of the company's stock valued at $115,420,000 after purchasing an additional 558,940 shares in the last quarter. Ameriprise Financial Inc. raised its stake in IMAX by 36.9% during the fourth quarter. Ameriprise Financial Inc. now owns 1,823,516 shares of the company's stock worth $46,671,000 after buying an additional 491,172 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of IMAX during the 4th quarter valued at about $9,143,000. Lord Abbett & CO. LLC acquired a new stake in IMAX in the third quarter worth $6,322,000. Finally, Pier Capital LLC increased its position in IMAX by 132.6% in the 4th quarter. Pier Capital LLC now owns 478,760 shares of the company's stock valued at $12,256,000 after buying an additional 272,949 shares in the last quarter. 93.51% of the stock is owned by institutional investors.

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.