Cineplex (TSE:CGX - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 6th. Analysts expect Cineplex to post earnings of C$0.24 per share for the quarter.
Cineplex (TSE:CGX - Get Free Report) last announced its earnings results on Friday, August 9th. The company reported C($0.33) earnings per share (EPS) for the quarter. The business had revenue of C$277.34 million for the quarter, compared to the consensus estimate of C$283.90 million.
Cineplex Price Performance
Shares of TSE CGX traded down C$0.07 on Wednesday, hitting C$10.18. The company's stock had a trading volume of 210,691 shares, compared to its average volume of 343,167. The stock has a 50 day moving average of C$10.59 and a 200-day moving average of C$9.16. The company has a market capitalization of C$648.26 million, a price-to-earnings ratio of -9.09, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. Cineplex has a 12-month low of C$7.10 and a 12-month high of C$11.16. The company has a debt-to-equity ratio of 30,533.69, a current ratio of 0.36 and a quick ratio of 0.22.
Analyst Upgrades and Downgrades
A number of brokerages have commented on CGX. Scotiabank increased their target price on Cineplex from C$10.00 to C$12.00 and gave the company an "outperform" rating in a report on Monday, August 12th. Canaccord Genuity Group increased their price objective on Cineplex from C$11.50 to C$12.00 in a research note on Thursday, October 17th. Royal Bank of Canada dropped their price objective on Cineplex from C$14.00 to C$13.00 in a research report on Wednesday, July 24th. Desjardins upped 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. Finally, TD Securities lifted their price target on shares of Cineplex from C$14.00 to C$16.00 and gave the stock a "buy" rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$18.71.
Get Our Latest Analysis on CGX
Cineplex Company Profile
(
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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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