Cineplex (CGX) Scheduled to Post Earnings on Wednesday

Cineplex (TSE:CGX) is scheduled to post its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect Cineplex to post earnings of C$0.24 per share for the quarter.

Cineplex (TSE:CGX) last posted its quarterly earnings results on Friday, August 9th. The company reported C($0.33) earnings per share (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 Price Performance

TSE CGX opened at C$9.96 on Monday. The stock has a market capitalization of C$634.25 million, a P/E ratio of -8.89, a P/E/G ratio of 0.30 and a beta of 2.74. 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 business’s fifty day moving average is C$10.57 and its two-hundred day moving average is C$9.19. Cineplex has a 1 year low of C$7.10 and a 1 year high of C$11.16.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CGX shares. Scotiabank increased their price target on Cineplex from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Canaccord Genuity Group raised their target price on shares of Cineplex from C$11.50 to C$12.00 in a report on Thursday, October 17th. Desjardins boosted their price target on shares of Cineplex from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada decreased their price objective on shares of Cineplex from C$14.00 to C$13.00 in a research note on Wednesday, July 24th. Finally, TD Securities boosted their target price on shares of Cineplex from C$14.00 to C$16.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$18.71.

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.