Barrington Research Has Negative Outlook of IMAX Q1 Earnings

IMAX Co. (NYSE:IMAX - Free Report) - Investment analysts at Barrington Research reduced their Q1 2025 earnings estimates for shares of IMAX in a research report issued to clients and investors on Tuesday, April 15th. Barrington Research analyst P. Sholl now forecasts that the company will post earnings of $0.01 per share for the quarter, down from their previous forecast of $0.07. Barrington Research 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. Barrington Research also issued estimates for IMAX's FY2025 earnings at $0.78 EPS, Q1 2026 earnings at $0.06 EPS and FY2026 earnings at $0.88 EPS.

IMAX (NYSE:IMAX - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.14). IMAX had a return on equity of 8.60% and a net margin of 7.40%. The company had revenue of $92.67 million for the quarter, compared to analyst estimates of $104.08 million.

IMAX has been the subject of several other research reports. Wedbush restated an "outperform" rating and issued a $32.00 price objective on shares of IMAX in a research report on Thursday. Rosenblatt Securities restated a "buy" rating and set a $35.00 target price on shares of IMAX in a research report on Thursday, April 10th. Macquarie raised their price target on IMAX from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price objective on IMAX from $27.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Wells Fargo & Company upped their target price on shares of IMAX from $26.00 to $32.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, IMAX presently has an average rating of "Moderate Buy" and an average target price of $30.56.

IMAX Stock Performance

Shares of NYSE IMAX traded up $0.70 during trading on Wednesday, reaching $22.47. The company had a trading volume of 1,134,183 shares, compared to its average volume of 757,061. IMAX has a 52 week low of $14.94 and a 52 week high of $27.77. The business's 50 day moving average price is $25.03 and its 200-day moving average price is $24.20. The stock has a market cap of $1.19 billion, a PE ratio of 45.85, a PEG ratio of 1.49 and a beta of 0.91.

Institutional Trading of IMAX

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its position in shares of IMAX by 138.5% during the fourth quarter. Blue Trust Inc. now owns 966 shares of the company's stock worth $25,000 after purchasing an additional 561 shares during the period. Tower Research Capital LLC TRC increased its position in shares of IMAX by 415.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,236 shares of the company's stock worth $185,000 after acquiring an additional 5,832 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of IMAX during the fourth quarter worth $217,000. Cornerstone Investment Partners LLC acquired a new stake in shares of IMAX during the fourth quarter worth $248,000. Finally, Savant Capital LLC acquired a new position in IMAX in the 4th quarter worth $249,000. Institutional investors and hedge funds own 93.51% of the company's stock.

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.