Seaport Res Ptn Issues Negative Forecast for IMAX Earnings

IMAX Co. (NYSE:IMAX) – Equities researchers at Seaport Res Ptn cut their Q2 2025 earnings estimates for IMAX in a research note issued to investors on Thursday, February 20th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings of $0.17 per share for the quarter, down from their prior estimate of $0.22. The consensus estimate for IMAX’s current full-year earnings is $0.91 per share.

IMAX (NYSE:IMAX) last issued its earnings results on Wednesday, February 19th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.14). The firm had revenue of $92.67 million for the quarter, compared to analyst estimates of $104.08 million. IMAX had a return on equity of 8.60% and a net margin of 7.40%.

A number of other equities analysts have also recently commented on IMAX. Wells Fargo & Company lifted their price objective on shares of IMAX from $26.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday. Rosenblatt Securities lifted their price objective on shares of IMAX from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday. Macquarie lifted their price objective on shares of IMAX from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday. Wedbush reaffirmed an “outperform” rating and set a $32.00 price objective on shares of IMAX in a research report on Thursday. Finally, Roth Mkm lifted their price objective 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. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.67.

IMAX Trading Down 3.4 %

Shares of IMAX opened at $26.03 on Monday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 53.11, a PEG ratio of 1.49 and a beta of 1.22. IMAX has a 1-year low of $14.94 and a 1-year high of $27.77. The company’s fifty day simple moving average is $24.65 and its 200 day simple moving average is $23.03.

Insider Activity

In related news, EVP Robert D. Lister sold 55,910 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $25.50, for a total value of $1,425,705.00. Following the completion of the transaction, the executive vice president now owns 138,889 shares of the company’s stock, valued at $3,541,669.50. The trade was a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Natasha Fernandes sold 2,957 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $25.52, for a total value 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 approximately $379,814.16. This trade represents a 16.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,176 shares of company stock valued at $1,662,110. 24.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its stake in IMAX by 1.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 29,176 shares of the company’s stock valued at $747,000 after purchasing an additional 533 shares in the last quarter. Blue Trust Inc. raised its stake in IMAX by 138.5% in the fourth quarter. Blue Trust Inc. now owns 966 shares of the company’s stock valued at $25,000 after purchasing an additional 561 shares in the last quarter. MetLife Investment Management LLC raised its stake in IMAX by 3.4% during the fourth quarter. MetLife Investment Management LLC now owns 25,918 shares of the company’s stock worth $664,000 after acquiring an additional 848 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of IMAX by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,395 shares of the company’s stock worth $625,000 after acquiring an additional 905 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of IMAX by 23.4% in the third quarter. US Bancorp DE now owns 7,656 shares of the company’s stock worth $157,000 after acquiring an additional 1,452 shares during the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.

About IMAX

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.