Wedbush Issues Positive Outlook for IMAX Earnings

IMAX Co. (NYSE:IMAX - Free Report) - Analysts at Wedbush upped their Q3 2025 EPS estimates for IMAX in a research report issued to clients and investors on Thursday, February 20th. Wedbush analyst A. Reese now anticipates that the company will post earnings per share of $0.30 for the quarter, up from their prior forecast of $0.24. Wedbush has a "Outperform" rating and a $32.00 price objective on the stock. The consensus estimate for IMAX's current full-year earnings is $0.91 per share.

IMAX has been the topic of several other reports. Wells Fargo & Company raised their price target on IMAX from $26.00 to $32.00 and gave the stock an "overweight" rating in a research report on Thursday. Benchmark restated a "buy" rating and issued a $30.00 target price on shares of IMAX in a report on Thursday. JPMorgan Chase & Co. upped their price target on shares of IMAX from $25.00 to $27.00 and gave the company a "neutral" rating in a report on Friday. Rosenblatt Securities raised their price target on shares of IMAX from $28.00 to $35.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Barrington Research upped their price objective on shares of IMAX from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, IMAX currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.67.

IMAX Trading Up 0.8 %

Shares of NYSE:IMAX traded up $0.21 on Monday, reaching $26.24. 935,850 shares of the company traded hands, compared to its average volume of 728,215. IMAX has a 52 week low of $14.94 and a 52 week high of $27.77. The business's 50-day simple moving average is $24.65 and its 200 day simple moving average is $23.03. The stock has a market capitalization of $1.39 billion, a P/E ratio of 53.54, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22.

IMAX (NYSE:IMAX - Get Free Report) last released its 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). The business had revenue of $92.67 million for the quarter, compared to the consensus estimate of $104.08 million. IMAX had a net margin of 7.40% and a return on equity of 8.60%.

Insider Activity

In related news, EVP Robert D. Lister sold 55,910 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $25.50, for a total value of $1,425,705.00. Following the sale, the executive vice president now directly owns 138,889 shares of the company's stock, valued at $3,541,669.50. This represents a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Natasha Fernandes sold 2,957 shares of the firm's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $25.52, for a total value of $75,462.64. Following the transaction, the chief financial officer now directly owns 14,883 shares of the company's stock, valued at $379,814.16. This represents a 16.58 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,176 shares of company stock valued at $1,662,110. Corporate insiders own 24.08% of the company's stock.

Institutional Trading of IMAX

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. lifted its position in IMAX by 138.5% during the 4th quarter. Blue Trust Inc. now owns 966 shares of the company's stock valued at $25,000 after acquiring an additional 561 shares during the period. Huntington National Bank bought a new position in shares of IMAX during the third quarter valued at approximately $34,000. Quarry LP lifted its holdings in shares of IMAX by 78,333.3% during the third quarter. Quarry LP now owns 2,353 shares of the company's stock valued at $48,000 after purchasing an additional 2,350 shares during the last quarter. US Bancorp DE lifted its holdings in shares of IMAX by 23.4% during the third quarter. US Bancorp DE now owns 7,656 shares of the company's stock valued at $157,000 after purchasing an additional 1,452 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of IMAX by 415.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,236 shares of the company's stock worth $185,000 after purchasing an additional 5,832 shares in the last quarter. 93.51% of the stock is owned by hedge funds and other institutional investors.

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.