Analysts Set Expectations for Cineplex Q4 Earnings

Cineplex Inc. (TSE:CGX) – Investment analysts at National Bank Financial issued their Q4 2024 EPS estimates for Cineplex in a report issued on Thursday, January 16th. National Bank Financial analyst A. Shine anticipates that the company will post earnings of $0.13 per share for the quarter. The consensus estimate for Cineplex’s current full-year earnings is $1.08 per share. National Bank Financial also issued estimates for Cineplex’s FY2025 earnings at $1.12 EPS.

Several other analysts have also recently weighed in on CGX. Canaccord Genuity Group lifted their price target on shares of Cineplex from C$11.50 to C$12.50 and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity Group raised their price objective on Cineplex from C$11.50 to C$12.00 in a research report on Thursday, October 17th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Cineplex presently has an average rating of “Moderate Buy” and a consensus target price of C$18.71.

Cineplex Stock Performance

TSE:CGX opened at C$10.98 on Monday. The stock has a market cap of C$699.21 million, a P/E ratio of -9.80, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. The firm’s fifty day simple moving average is C$11.63 and its 200 day simple moving average is C$10.55. Cineplex has a twelve month low of C$7.10 and a twelve month high of C$13.09. The company has a quick ratio of 0.22, a current ratio of 0.36 and a debt-to-equity ratio of 30,533.69.

Insider Buying and Selling at Cineplex

In other news, Director Ellis Jacob sold 29,874 shares of Cineplex stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$10.02, for a total value of C$299,337.48. Over the last 90 days, insiders sold 33,615 shares of company stock valued at $340,197. 1.85% of the stock is currently owned by company insiders.

About Cineplex

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.