Cineplex Inc. (TSE:CGX) to Post Q3 2024 Earnings of $0.24 Per Share, National Bank Financial Forecasts

Cineplex Inc. (TSE:CGX) – Research analysts at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of Cineplex in a research report issued to clients and investors on Monday, September 30th. National Bank Financial analyst A. Shine forecasts that the company will post earnings of $0.24 per share for the quarter. The consensus estimate for Cineplex’s current full-year earnings is $1.07 per share.

Other equities research analysts also recently issued reports about the stock. Canaccord Genuity Group cut their price objective on shares of Cineplex from C$12.00 to C$11.50 in a research report on Wednesday, September 25th. Scotiabank lifted their price target on Cineplex from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Royal Bank of Canada decreased their price objective on Cineplex from C$14.00 to C$13.00 in a report on Wednesday, July 24th. TD Securities increased their price objective on Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Desjardins boosted their target price on shares of Cineplex from C$52.00 to C$53.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$18.64.

Cineplex Stock Performance

Shares of CGX stock opened at C$10.53 on Wednesday. The company has a market capitalization of C$670.55 million, a price-to-earnings ratio of -9.40, a PEG ratio of 0.30 and a beta of 2.75. The company has a debt-to-equity ratio of 30,533.69, a quick ratio of 0.22 and a current ratio of 0.36. The company has a 50-day simple moving average of C$10.21 and a 200 day simple moving average of C$8.77. Cineplex has a 52 week low of C$7.10 and a 52 week high of C$11.16.

Cineplex (TSE:CGX) last released its quarterly earnings data on Friday, August 9th. The company reported C($0.33) EPS for the quarter. The business had revenue of C$277.34 million for the quarter, compared to analysts’ expectations of C$283.90 million.

Cineplex Company Profile

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.