Brokers Offer Predictions for IMAX's Q2 Earnings (NYSE:IMAX)

IMAX Co. (NYSE:IMAX - Free Report) - Equities research analysts at Seaport Res Ptn dropped their Q2 2025 earnings per share (EPS) estimates for IMAX in a research note issued on Thursday, February 20th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of $0.17 per share for the quarter, down from their previous estimate of $0.22. The consensus estimate for IMAX's current full-year earnings is $0.91 per share.

A number of other equities research analysts have also commented on the stock. Wells Fargo & Company raised their price objective on shares of IMAX from $26.00 to $32.00 and gave the stock an "overweight" rating in a report on Thursday. Wedbush reissued an "outperform" rating and issued a $32.00 price target on shares of IMAX in a research note on Thursday. Barrington Research upped their price objective on IMAX from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on IMAX from $25.00 to $27.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Macquarie upped their price target on IMAX from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, IMAX has a consensus rating of "Moderate Buy" and a consensus price target of $30.67.

IMAX Price Performance

IMAX traded up $0.21 during trading on Monday, reaching $26.24. The company had a trading volume of 935,850 shares, compared to its average volume of 728,215. The company has a market cap of $1.39 billion, a P/E ratio of 53.54, a PEG ratio of 1.49 and a beta of 1.22. IMAX has a 12 month low of $14.94 and a 12 month high of $27.77. The business's fifty day moving average price is $24.65 and its 200 day moving average price is $23.03.

IMAX (NYSE:IMAX - Get Free Report) last released its quarterly 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). 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.

Insider Transactions at IMAX

In other news, CFO Natasha Fernandes sold 2,957 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $25.52, for a total value of $75,462.64. Following the sale, the chief financial officer now directly owns 14,883 shares of the company's stock, valued at approximately $379,814.16. This represents a 16.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert D. Lister sold 55,910 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $25.50, for a total transaction of $1,425,705.00. Following the completion of the sale, the executive vice president now owns 138,889 shares of the company's stock, 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. Insiders have sold a total of 65,176 shares of company stock worth $1,662,110 in the last 90 days. Corporate insiders own 24.08% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Mizuho Markets Americas LLC lifted its holdings in IMAX by 47.5% during the 3rd 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 increased its holdings in shares of IMAX by 3.1% in the third quarter. Royce & Associates LP now owns 1,822,616 shares of the company's stock valued at $37,382,000 after purchasing an additional 54,850 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of IMAX in the third quarter valued at about $777,000. Savant Capital LLC acquired a new stake in shares of IMAX during the 4th quarter worth about $249,000. Finally, Lord Abbett & CO. LLC bought a new stake in shares of IMAX during the 3rd quarter worth about $6,322,000. 93.51% of the stock is owned by institutional investors and hedge funds.

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.