Cineplex Inc. (TSE:CGX - Free Report) - Analysts at National Bank Financial lifted their FY2024 earnings per share estimates for shares of Cineplex in a research note issued to investors on Monday, September 30th. National Bank Financial analyst A. Shine now anticipates that the company will earn $0.42 per share for the year, up from their prior estimate of $0.41. The consensus estimate for Cineplex's current full-year earnings is $1.07 per share.
Cineplex (TSE:CGX - Get Free Report) last posted its earnings results on Friday, August 9th. The company reported C($0.33) EPS for the quarter. The business had revenue of C$277.34 million during the quarter, compared to analyst estimates of C$283.90 million.
Other equities analysts also recently issued reports about the stock. Royal Bank of Canada reduced their target price on shares of Cineplex from C$14.00 to C$13.00 in a report on Wednesday, July 24th. TD Securities boosted their price target on shares of Cineplex from C$14.00 to C$16.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Canaccord Genuity Group decreased their price target on Cineplex from C$12.00 to C$11.50 in a research note on Wednesday, September 25th. Scotiabank upped their target price on shares of Cineplex from C$10.00 to C$12.00 and gave the stock an "outperform" rating in a research note on Monday, August 12th. Finally, Desjardins boosted their target price on shares of Cineplex from C$52.00 to C$53.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$18.64.
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Cineplex Price Performance
CGX stock traded down C$0.16 during trading on Thursday, hitting C$10.31. 199,926 shares of the company's stock traded hands, compared to its average volume of 362,939. The stock has a market capitalization of C$656.54 million, a price-to-earnings ratio of -9.13, a P/E/G ratio of 0.30 and a beta of 2.75. The company has a debt-to-equity ratio of 30,533.69, a quick ratio of 0.22 and a current ratio of 0.36. The business has a fifty day simple moving average of C$10.24 and a 200 day simple moving average of C$8.79. Cineplex has a 52 week low of C$7.10 and a 52 week high of C$11.16.
About Cineplex
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Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.
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