Several brokerages have updated their recommendations and price targets on shares of Imax Corp. (NYSE: IMAX) in the last few weeks:
Imax Corp. (NYSE:IMAX) traded up 0.64% on Thursday, hitting $31.65. The stock had a trading volume of 377,540 shares. The company’s 50 day moving average is $31.71 and its 200 day moving average is $30.97. Imax Corp. has a 12-month low of $25.52 and a 12-month high of $35.30. The firm has a market cap of $2.11 billion, a PE ratio of 51.38 and a beta of 1.21.
Imax Corp. (NYSE:IMAX) last issued its earnings results on Thursday, October 20th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.04. Imax Corp. had a return on equity of 5.99% and a net margin of 10.86%. The firm had revenue of $86.60 million for the quarter, compared to analysts’ expectations of $77.09 million. During the same quarter last year, the firm earned $0.17 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities research analysts expect that Imax Corp. will post $0.79 EPS for the current fiscal year.
In other Imax Corp. news, insider Robert D. Lister sold 3,343 shares of the business’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $31.90, for a total transaction of $106,641.70. Following the transaction, the insider now owns 19,917 shares in the company, valued at $635,352.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mark Welton sold 3,015 shares of the business’s stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $31.02, for a total value of $93,525.30. Following the transaction, the insider now owns 9,969 shares in the company, valued at approximately $309,238.38. The disclosure for this sale can be found here. Insiders sold 215,788 shares of company stock worth $6,864,507 in the last quarter. 5.80% of the stock is owned by insiders.
Imax Corp is a Canada-based entertainment technology company. The Company operates through the following segments: the IMAX systems, the theater system maintenance, the joint revenue sharing arrangements, film production and IMAX DMR, film distribution, film post-production and other. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment.