Zacks Research Has Positive Outlook for IMAX FY2024 Earnings

IMAX Co. (NYSE:IMAX) – Investment analysts at Zacks Research boosted their FY2024 EPS estimates for shares of IMAX in a research report issued to clients and investors on Wednesday, November 20th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $0.72 per share for the year, up from their prior forecast of $0.58. The consensus estimate for IMAX’s current full-year earnings is $0.76 per share. Zacks Research also issued estimates for IMAX’s Q4 2025 earnings at $0.38 EPS, FY2025 earnings at $0.77 EPS, Q1 2026 earnings at $0.21 EPS, Q2 2026 earnings at $0.15 EPS and FY2026 earnings at $0.85 EPS.

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

IMAX Price Performance

Shares of IMAX stock opened at $25.19 on Monday. IMAX has a 1 year low of $13.20 and a 1 year high of $25.51. The stock has a market cap of $1.33 billion, a PE ratio of 57.25, a price-to-earnings-growth ratio of 1.62 and a beta of 1.22. The firm has a fifty day moving average price of $21.77 and a 200 day moving average price of $19.52.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in shares of IMAX in the 3rd quarter valued at approximately $1,555,000. Pier Capital LLC purchased a new position in IMAX during the third quarter worth about $4,221,000. Castleark Management LLC acquired a new stake in IMAX in the third quarter valued at about $5,199,000. Systematic Financial Management LP acquired a new stake in IMAX in the third quarter valued at about $838,000. Finally, Quarry LP boosted its holdings in IMAX by 78,333.3% in the 3rd quarter. Quarry LP now owns 2,353 shares of the company’s stock valued at $48,000 after purchasing an additional 2,350 shares in the last quarter. Hedge funds and other institutional investors own 93.51% of the company’s stock.

IMAX Company Profile

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.