Roth Capital Weighs in on IMAX’s Q4 Earnings (NYSE:IMAX)

IMAX Co. (NYSE:IMAX) – Equities researchers at Roth Capital cut their Q4 2024 earnings per share (EPS) estimates for IMAX in a report issued on Wednesday, January 22nd. Roth Capital analyst E. Handler now forecasts that the company will post earnings of $0.17 per share for the quarter, down from their prior forecast of $0.26. The consensus estimate for IMAX’s current full-year earnings is $0.75 per share. Roth Capital also issued estimates for IMAX’s Q1 2025 earnings at $0.12 EPS, Q3 2025 earnings at $0.22 EPS and Q4 2025 earnings at $0.38 EPS.

A number of other equities analysts also recently commented on IMAX. Roth Mkm lifted their price objective on IMAX from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Wedbush reiterated an “outperform” rating and set a $32.00 price objective on shares of IMAX in a research report on Friday, January 17th. JPMorgan Chase & Co. lifted their price objective on IMAX from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. StockNews.com upgraded IMAX from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Barrington Research restated an “outperform” rating and issued a $30.00 target price on shares of IMAX in a research report on Friday, January 10th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $28.13.

IMAX Stock Performance

Shares of IMAX stock opened at $23.48 on Thursday. IMAX has a one year low of $13.20 and a one year high of $26.84. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 53.36, a PEG ratio of 1.28 and a beta of 1.24. The business’s 50 day moving average price is $24.80 and its 200 day moving average price is $22.01.

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

Insider Buying and Selling

In related news, CFO Natasha Fernandes sold 2,957 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $25.52, for a total transaction of $75,462.64. Following the completion of the transaction, the chief financial officer now directly owns 14,883 shares of the company’s stock, valued at $379,814.16. The trade was a 16.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robert D. Lister sold 55,910 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $25.50, for a total value of $1,425,705.00. Following the transaction, the executive vice president now directly owns 138,889 shares of the company’s stock, valued at $3,541,669.50. The trade was a 28.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,176 shares of company stock valued at $1,662,110 in the last three months. 24.08% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IMAX. Blue Trust Inc. grew its stake in IMAX by 138.5% during the 4th quarter. Blue Trust Inc. now owns 966 shares of the company’s stock worth $25,000 after buying an additional 561 shares during the last quarter. Huntington National Bank purchased a new position in IMAX during the 3rd quarter worth approximately $34,000. Quarry LP grew its stake in IMAX by 78,333.3% during the 3rd quarter. Quarry LP now owns 2,353 shares of the company’s stock worth $48,000 after buying an additional 2,350 shares during the last quarter. nVerses Capital LLC purchased a new position in IMAX during the 3rd quarter worth approximately $70,000. Finally, US Bancorp DE grew its stake in IMAX by 23.4% during the 3rd quarter. US Bancorp DE now owns 7,656 shares of the company’s stock worth $157,000 after buying an additional 1,452 shares during the last quarter. Hedge funds and other institutional investors own 93.51% of the company’s stock.

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.