Roth Capital Issues Pessimistic Estimate for IMAX Earnings

IMAX Co. (NYSE:IMAX) – Stock analysts at Roth Capital reduced their Q4 2024 earnings per share (EPS) estimates for IMAX in a research report issued on Wednesday, January 22nd. Roth Capital analyst E. Handler now forecasts that the company will earn $0.17 per share for the quarter, down from their previous forecast 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 issued its earnings results on Wednesday, October 30th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.23 by $0.12. The firm 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 quarter in the previous year, the firm earned $0.27 earnings per share.

Several other research firms also recently commented on IMAX. StockNews.com raised IMAX from a “hold” rating to a “buy” rating in a research note on Wednesday. Wedbush restated an “outperform” rating and issued a $32.00 price target on shares of IMAX in a research report on Friday, January 17th. JPMorgan Chase & Co. lifted their price target on shares of IMAX from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Barrington Research reaffirmed an “outperform” rating and set a $30.00 target price on shares of IMAX in a report on Friday, January 10th. Finally, Benchmark restated a “buy” rating and set a $30.00 price objective on shares of IMAX in a research report on Friday, January 17th. One equities research 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $28.13.

IMAX Price Performance

Shares of IMAX stock opened at $23.74 on Thursday. The company’s 50 day moving average price is $24.79 and its two-hundred day moving average price is $22.02. The firm has a market capitalization 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. IMAX has a fifty-two week low of $13.20 and a fifty-two week high of $26.84.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IMAX. Blue Trust Inc. lifted its stake in shares of IMAX by 138.5% during the 4th quarter. Blue Trust Inc. now owns 966 shares of the company’s stock valued at $25,000 after buying an additional 561 shares in the last quarter. Huntington National Bank bought a new stake in shares of IMAX during the 3rd quarter valued at about $34,000. Quarry LP lifted its position in IMAX by 78,333.3% during the third quarter. Quarry LP now owns 2,353 shares of the company’s stock valued at $48,000 after purchasing an additional 2,350 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of IMAX during the 3rd quarter valued at $70,000. Finally, US Bancorp DE increased its stake in IMAX by 23.4% in the third quarter. US Bancorp DE now owns 7,656 shares of the company’s stock valued at $157,000 after acquiring an additional 1,452 shares during the last quarter. Institutional investors own 93.51% of the company’s stock.

Insider Transactions at IMAX

In related news, EVP Robert D. Lister sold 55,910 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $25.50, for a total transaction of $1,425,705.00. Following the transaction, the executive vice president now directly owns 138,889 shares of the company’s stock, valued at $3,541,669.50. This trade represents 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 at this link. Also, insider Kenneth Ian Weissman sold 6,309 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $25.51, for a total transaction of $160,942.59. Following the completion of the sale, the insider now directly owns 25,139 shares of the company’s stock, valued at $641,295.89. The trade was a 20.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,176 shares of company stock valued at $1,662,110 in the last 90 days. 24.08% of the stock is currently 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.