Cineplex (TSE:CGX - Get Free Report) is scheduled to announce its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.24 per share for the quarter.
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 firm had revenue of C$277.34 million for the quarter, compared to analysts' expectations of C$283.90 million.
Cineplex Trading Down 0.4 %
Shares of TSE CGX traded down C$0.04 during midday trading on Wednesday, hitting C$10.21. 101,046 shares of the company traded hands, compared to its average volume of 342,643. Cineplex has a 12-month low of C$7.10 and a 12-month high of C$11.16. The firm has a market cap of C$650.17 million, a P/E ratio of -9.15, a P/E/G ratio of 0.30 and a beta of 2.74. The stock has a 50-day moving average price of C$10.59 and a 200 day moving average price of C$9.14. 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.
Wall Street Analyst Weigh In
CGX has been the subject of a number of research analyst reports. TD Securities raised their target price on Cineplex from C$14.00 to C$16.00 and gave the company a "buy" rating in a research note on Friday, August 16th. Desjardins boosted their target price on shares of Cineplex from C$52.00 to C$53.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Royal Bank of Canada decreased their price target on shares of Cineplex from C$14.00 to C$13.00 in a research note on Wednesday, July 24th. Canaccord Genuity Group boosted their price objective on shares of Cineplex from C$11.50 to C$12.00 in a research note on Thursday, October 17th. Finally, Scotiabank raised their target price on shares of Cineplex from C$10.00 to C$12.00 and gave the company an "outperform" rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$18.71.
Read Our Latest Stock Report on Cineplex
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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