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

IMAX Co. (NYSE:IMAX) – Roth Capital dropped their Q4 2024 earnings per share estimates for shares of IMAX in a note issued to investors on Wednesday, January 22nd. Roth Capital analyst E. Handler now forecasts that the company will earn $0.17 per share for the quarter, down from their previous estimate 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 issued reports on IMAX. Roth Mkm increased their price target on IMAX from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. StockNews.com upgraded IMAX from a “hold” rating to a “buy” rating in a research note on Wednesday. Barrington Research restated an “outperform” rating and set a $30.00 price objective on shares of IMAX in a research note on Friday, January 10th. JPMorgan Chase & Co. upped their price objective on IMAX from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Finally, Wedbush reiterated an “outperform” rating and issued a $32.00 price target on shares of IMAX in a research note on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $28.13.

IMAX Trading Up 0.9 %

IMAX opened at $23.48 on Thursday. IMAX has a 12-month low of $13.20 and a 12-month high of $26.84. The business’s fifty day simple moving average is $24.80 and its 200-day simple moving average is $22.01. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 53.36, a PEG ratio of 1.28 and a beta of 1.24.

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

Institutional Trading of IMAX

Several hedge funds and other institutional investors have recently bought and sold shares of IMAX. FMR LLC grew its holdings in IMAX by 108.4% during the third quarter. FMR LLC now owns 3,949,643 shares of the company’s stock worth $81,007,000 after acquiring an additional 2,054,031 shares during the period. Lord Abbett & CO. LLC acquired a new stake in IMAX in the third quarter valued at approximately $6,322,000. Castleark Management LLC acquired a new stake in IMAX in the third quarter valued at approximately $5,199,000. Pier Capital LLC acquired a new stake in IMAX in the third quarter valued at approximately $4,221,000. Finally, Victory Capital Management Inc. grew its holdings in IMAX by 9.8% in the third quarter. Victory Capital Management Inc. now owns 1,420,592 shares of the company’s stock valued at $29,136,000 after purchasing an additional 127,371 shares during the period. 93.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at IMAX

In other news, CFO Natasha Fernandes sold 2,957 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $25.52, for a total value of $75,462.64. Following the completion of the transaction, the chief financial officer now directly owns 14,883 shares in the company, valued at $379,814.16. This trade represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kenneth Ian Weissman sold 6,309 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $25.51, for a total value of $160,942.59. Following the completion of the transaction, the insider now owns 25,139 shares of the company’s stock, valued at approximately $641,295.89. The trade was a 20.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,176 shares of company stock worth $1,662,110 over the last three months. 24.08% of the stock is currently owned by insiders.

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.