IMAX (NYSE:IMAX) Earns “Outperform” Rating from Wedbush

Wedbush reiterated their outperform rating on shares of IMAX (NYSE:IMAX) in a research report released on Wednesday morning,RTT News reports. Wedbush also issued estimates for IMAX’s Q1 2025 earnings at $0.08 EPS and Q4 2025 earnings at $0.48 EPS.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. boosted their target price on IMAX from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Rosenblatt Securities restated a “buy” rating and set a $28.00 price objective on shares of IMAX in a research report on Thursday, October 31st. StockNews.com downgraded shares of IMAX from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. Roth Mkm lifted their price target on shares of IMAX from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Barrington Research restated an “outperform” rating and issued a $24.00 price objective on shares of IMAX in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, IMAX has a consensus rating of “Moderate Buy” and a consensus price target of $24.22.

IMAX Trading Up 1.0 %

NYSE:IMAX opened at $26.30 on Wednesday. IMAX has a 12-month low of $13.20 and a 12-month high of $26.54. The firm has a market cap of $1.39 billion, a PE ratio of 59.77, a price-to-earnings-growth ratio of 1.66 and a beta of 1.22. The stock has a fifty day moving average price of $22.18 and a 200 day moving average price of $19.74.

IMAX (NYSE:IMAX) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.12. IMAX had a return on equity of 7.53% and a net margin of 6.74%. The business had revenue of $91.50 million during the quarter, compared to the consensus estimate of $93.71 million. During the same period in the previous year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. Equities analysts forecast that IMAX will post 0.78 EPS for the current year.

Institutional Investors Weigh In On IMAX

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in IMAX by 13.2% in the 1st quarter. Vanguard Group Inc. now owns 584,795 shares of the company’s stock valued at $9,456,000 after acquiring an additional 68,155 shares during the period. Victory Capital Management Inc. increased its holdings in shares of IMAX by 33.1% in the second quarter. Victory Capital Management Inc. now owns 1,293,221 shares of the company’s stock valued at $21,687,000 after purchasing an additional 321,506 shares during the period. Mizuho Markets Americas LLC raised its stake in shares of IMAX by 47.5% during the third 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 last quarter. American Century Companies Inc. lifted its holdings in shares of 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 purchasing an additional 43,584 shares during the period. Finally, Bank of New York Mellon Corp grew its position in IMAX by 90.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 587,694 shares of the company’s stock valued at $9,856,000 after buying an additional 279,410 shares during the last quarter. 93.51% of the stock is owned by hedge funds and other institutional investors.

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.