IMAX (IMAX) to Release Quarterly Earnings on Wednesday

IMAX (NYSE:IMAX) is expected to be releasing its earnings data after the market closes on Wednesday, February 19th. Analysts expect IMAX to post earnings of $0.31 per share and revenue of $104.08 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

IMAX Stock Up 0.6 %

Shares of IMAX stock opened at $27.00 on Tuesday. IMAX has a 12 month low of $14.48 and a 12 month high of $27.29. The company’s fifty day simple moving average is $24.58 and its 200-day simple moving average is $22.86. The firm has a market cap of $1.42 billion, a PE ratio of 61.36, a P/E/G ratio of 1.40 and a beta of 1.22.

Insider Transactions at IMAX

In related news, CFO Natasha Fernandes sold 2,957 shares of the firm’s 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert D. Lister sold 55,910 shares of the business’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 completion of the sale, the executive vice president now directly owns 138,889 shares of the company’s stock, valued at $3,541,669.50. This represents a 28.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,176 shares of company stock worth $1,662,110 over the last quarter. Company insiders own 24.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on IMAX. StockNews.com cut IMAX from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Benchmark reaffirmed a “buy” rating and set a $30.00 price target on shares of IMAX in a research report on Friday, January 17th. Roth Mkm increased their price objective on IMAX from $27.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Wedbush restated an “outperform” rating and set a $32.00 target price on shares of IMAX in a report on Wednesday, February 12th. Finally, Barrington Research reiterated an “outperform” rating and issued a $30.00 price target on shares of IMAX in a research note on Friday, January 10th. Two research analysts have rated the stock with 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, IMAX has a consensus rating of “Moderate Buy” and an average target price of $28.63.

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.