Roth Capital Has Bearish Estimate for IMAX Q4 Earnings

IMAX Co. (NYSE:IMAX) – Research analysts at Roth Capital decreased their Q4 2024 EPS estimates for IMAX in a research note issued on Wednesday, January 22nd. Roth Capital analyst E. Handler now anticipates that the company will post earnings per share of $0.17 for the quarter, down from their previous estimate of $0.26. The consensus estimate for IMAX’s current full-year earnings is $0.75 per share. Roth Capital also issued estimates for IMAX’s Q1 2025 earnings at $0.12 EPS, Q3 2025 earnings at $0.22 EPS and Q4 2025 earnings at $0.38 EPS.

IMAX (NYSE:IMAX) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.12. The company had revenue of $91.50 million during the quarter, compared to analyst estimates of $93.71 million. IMAX had a return on equity of 7.53% and a net margin of 6.74%. The firm’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS.

IMAX has been the topic of several other reports. StockNews.com upgraded IMAX from a “hold” rating to a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on IMAX from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Barrington Research reissued an “outperform” rating and issued a $30.00 target price on shares of IMAX in a research report on Friday, January 10th. Wedbush reaffirmed an “outperform” rating and issued a $32.00 price objective on shares of IMAX in a research note on Friday, January 17th. Finally, Roth Mkm upped their target price on IMAX from $27.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, IMAX has a consensus rating of “Buy” and a consensus price target of $28.13.

IMAX Trading Up 1.1 %

Shares of NYSE:IMAX opened at $23.74 on Thursday. IMAX has a twelve month low of $13.20 and a twelve month high of $26.84. The firm has a market cap of $1.25 billion, a P/E ratio of 53.95, a P/E/G ratio of 1.28 and a beta of 1.24. The company has a 50 day moving average of $24.79 and a 200-day moving average of $22.02.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IMAX. Mizuho Markets Americas LLC boosted its stake in IMAX by 47.5% in the 3rd quarter. Mizuho Markets Americas LLC now owns 387,689 shares of the company’s stock worth $7,952,000 after purchasing an additional 124,811 shares during the period. American Century Companies Inc. increased its holdings in IMAX by 57.0% during the second quarter. American Century Companies Inc. now owns 120,021 shares of the company’s stock worth $2,013,000 after buying an additional 43,584 shares during the last quarter. Royce & Associates LP grew its position in shares of IMAX by 3.1% in the 3rd quarter. Royce & Associates LP now owns 1,822,616 shares of the company’s stock valued at $37,382,000 after acquiring an additional 54,850 shares during the period. Quantbot Technologies LP bought a new stake in IMAX in the third quarter valued at approximately $777,000. Finally, Lord Abbett & CO. LLC acquired a new position in shares of IMAX during the 3rd quarter worth approximately $6,322,000. 93.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at IMAX

In related news, CFO Natasha Fernandes sold 2,957 shares of IMAX stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $25.52, for a total transaction of $75,462.64. Following the completion of the transaction, the chief financial officer now directly owns 14,883 shares of the company’s stock, valued at $379,814.16. This trade represents a 16.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kenneth Ian Weissman sold 6,309 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $25.51, for a total value of $160,942.59. Following the sale, the insider now directly owns 25,139 shares of the company’s stock, valued at $641,295.89. This represents a 20.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,176 shares of company stock valued at $1,662,110. 24.08% of the stock is owned by corporate insiders.

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.