Seaport Res Ptn Has Bullish Estimate for IMAX Q2 Earnings

IMAX Co. (NYSE:IMAX - Free Report) - Stock analysts at Seaport Res Ptn increased their Q2 2025 EPS estimates for IMAX in a research report issued on Tuesday, March 11th. Seaport Res Ptn analyst D. Joyce now expects that the company will earn $0.18 per share for the quarter, up from their previous estimate of $0.17. The consensus estimate for IMAX's current full-year earnings is $0.91 per share.

Several other brokerages also recently weighed in on IMAX. Wells Fargo & Company increased their price target on shares of IMAX from $26.00 to $32.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Wedbush reiterated an "outperform" rating and issued a $32.00 price target on shares of IMAX in a report on Thursday, February 20th. Macquarie raised their price objective on shares of IMAX from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised their price objective on shares of IMAX from $25.00 to $27.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. Finally, Rosenblatt Securities raised their price objective on shares of IMAX from $28.00 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Two equities research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.67.

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IMAX Stock Down 2.0 %

Shares of IMAX traded down $0.50 during mid-day trading on Friday, hitting $24.36. 497,194 shares of the company traded hands, compared to its average volume of 698,526. IMAX has a 1-year low of $14.94 and a 1-year high of $27.77. The company has a market capitalization of $1.29 billion, a PE ratio of 49.71, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22. The business has a 50 day moving average of $24.64 and a 200 day moving average of $23.53.

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 the consensus estimate of $0.31 by ($0.14). IMAX had a net margin of 7.40% and a return on equity of 8.60%. The firm had revenue of $92.67 million for the quarter, compared to analysts' expectations of $104.08 million.

Hedge Funds Weigh In On IMAX

Institutional investors have recently bought and sold shares of the company. 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 buying an additional 558,940 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of IMAX by 36.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,823,516 shares of the company's stock valued at $46,671,000 after buying an additional 491,172 shares during the period. Royce & Associates LP boosted its stake in shares of IMAX by 3.1% in 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 during the period. Victory Capital Management Inc. boosted its stake in shares of IMAX by 9.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,420,592 shares of the company's stock valued at $29,136,000 after buying an additional 127,371 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of IMAX by 45.4% in the 4th quarter. Wells Fargo & Company MN now owns 624,510 shares of the company's stock valued at $15,987,000 after buying an additional 194,917 shares during the period. 93.51% of the stock is owned by institutional investors and hedge funds.

About IMAX

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.