Wedbush Reiterates “Outperform” Rating for IMAX (NYSE:IMAX)

IMAX (NYSE:IMAX)‘s stock had its “outperform” rating reiterated by research analysts at Wedbush in a report released on Wednesday,RTT News reports. Wedbush also issued estimates for IMAX’s Q1 2025 earnings at $0.08 EPS and Q4 2025 earnings at $0.48 EPS.

Several other equities research analysts also recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $28.00 target price on shares of IMAX in a report on Thursday, October 31st. JPMorgan Chase & Co. upped their target price on IMAX from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. StockNews.com lowered IMAX from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. Roth Mkm boosted their target price on shares of IMAX from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Barrington Research restated an “outperform” rating and issued a $24.00 price objective on shares of IMAX in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.22.

IMAX Stock Up 3.1 %

Shares of NYSE IMAX opened at $26.03 on Wednesday. IMAX has a fifty-two week low of $13.20 and a fifty-two week high of $26.47. The firm has a market cap of $1.37 billion, a PE ratio of 59.16, a price-to-earnings-growth ratio of 1.61 and a beta of 1.22. The business has a 50 day moving average price of $22.07 and a two-hundred day moving average price of $19.69.

IMAX (NYSE:IMAX) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.12. The business had revenue of $91.50 million during the quarter, compared to the consensus estimate of $93.71 million. IMAX had a return on equity of 7.53% and a net margin of 6.74%. The business’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 EPS. On average, analysts anticipate that IMAX will post 0.78 earnings per share for the current year.

Institutional Trading of IMAX

Several large investors have recently added to or reduced their stakes in the company. US Bancorp DE raised its position in IMAX by 23.4% in the 3rd quarter. US Bancorp DE now owns 7,656 shares of the company’s stock worth $157,000 after purchasing an additional 1,452 shares during the last quarter. Huntington National Bank bought a new stake in IMAX in the third quarter valued at about $34,000. Headlands Technologies LLC acquired a new position in IMAX in the second quarter valued at about $35,000. Price T Rowe Associates Inc. MD boosted its holdings in IMAX by 19.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,082 shares of the company’s stock worth $212,000 after buying an additional 2,153 shares during the last quarter. Finally, Quarry LP grew its position in shares of IMAX by 78,333.3% during the 3rd quarter. Quarry LP now owns 2,353 shares of the company’s stock worth $48,000 after buying an additional 2,350 shares during the period. 93.51% of the stock is owned by 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.