National Bank Financial Analysts Boost Earnings Estimates for Cineplex Inc. (TSE:CGX)

Cineplex Inc. (TSE:CGX) – Research analysts at National Bank Financial boosted their FY2024 earnings per share estimates for shares of Cineplex in a report released on Monday, September 30th. National Bank Financial analyst A. Shine now expects that the company will earn $0.42 per share for the year, up from their previous forecast of $0.41. The consensus estimate for Cineplex’s current full-year earnings is $1.07 per share.

Several other research analysts have also issued reports on the company. Scotiabank increased 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. TD Securities increased their price target on Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Royal Bank of Canada cut their price target on Cineplex from C$14.00 to C$13.00 in a report on Wednesday, July 24th. Desjardins increased their price target on Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Canaccord Genuity Group cut their price target on Cineplex from C$12.00 to C$11.50 in a report on Wednesday, September 25th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$18.64.

Cineplex Stock Down 0.6 %

Shares of TSE:CGX opened at C$10.47 on Thursday. The business’s 50 day simple moving average is C$10.24 and its two-hundred day simple moving average is C$8.79. The firm has a market cap of C$666.73 million, a P/E ratio of -9.35, 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. Cineplex has a 52-week low of C$7.10 and a 52-week high of C$11.16.

Cineplex (TSE:CGX) last announced its earnings results on Friday, August 9th. The company reported C($0.33) EPS for the quarter. The company had revenue of C$277.34 million during the quarter, compared to the consensus estimate of C$283.90 million.

About Cineplex

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.