FY2024 EPS Estimates for IMAX Co. (NYSE:IMAX) Boosted by Seaport Res Ptn

IMAX Co. (NYSE:IMAX) – Analysts at Seaport Res Ptn increased their FY2024 earnings per share estimates for IMAX in a research note issued on Monday, October 7th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of $0.73 per share for the year, up from their prior estimate of $0.70. Seaport Res Ptn has a “Strong-Buy” rating on the stock. The consensus estimate for IMAX’s current full-year earnings is $0.69 per share. Seaport Res Ptn also issued estimates for IMAX’s Q1 2025 earnings at $0.19 EPS, Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.41 EPS, FY2025 earnings at $1.02 EPS and FY2026 earnings at $1.17 EPS.

Other equities research analysts also recently issued research reports about the company. B. Riley upped their target price on IMAX from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $28.00 target price on shares of IMAX in a research report on Friday, October 4th. Benchmark reaffirmed a “buy” rating and issued a $22.00 target price on shares of IMAX in a research report on Thursday, June 20th. Wedbush boosted their price target on IMAX from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 3rd. Finally, Macquarie boosted their price target on IMAX from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.67.

IMAX Price Performance

Shares of NYSE IMAX opened at $19.41 on Wednesday. IMAX has a 1-year low of $13.20 and a 1-year high of $22.13. The business has a 50-day moving average of $20.53 and a 200-day moving average of $18.11. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 1.38 and a beta of 1.25.

IMAX (NYSE:IMAX) last issued its earnings results on Thursday, July 25th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.11. IMAX had a return on equity of 7.78% and a net margin of 5.97%. The company had revenue of $88.96 million during the quarter, compared to the consensus estimate of $74.52 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. The company’s revenue was down 9.2% compared to the same quarter last year.

Institutional Trading of IMAX

Institutional investors and hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in IMAX during the second quarter valued at approximately $35,000. PNC Financial Services Group Inc. acquired a new stake in IMAX during the fourth quarter valued at approximately $33,000. Summit Securities Group LLC acquired a new stake in IMAX during the second quarter valued at approximately $80,000. Laurus Investment Counsel Inc. acquired a new stake in IMAX during the second quarter valued at approximately $150,000. Finally, XTX Topco Ltd acquired a new stake in IMAX during the second quarter valued at approximately $208,000. 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.