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

IMAX Co. (NYSE:IMAX) – Equities research analysts at Roth Capital reduced their Q4 2024 EPS estimates for IMAX in a research note issued to investors on Wednesday, January 22nd. Roth Capital analyst E. Handler now anticipates that the company will post earnings per share of $0.17 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.

Several other equities analysts have also recently weighed in on IMAX. Roth Mkm raised their target price on shares of IMAX from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. StockNews.com raised shares of IMAX from a “hold” rating to a “buy” rating in a research note on Wednesday. Barrington Research reissued an “outperform” rating and issued a $30.00 price objective on shares of IMAX in a research note on Friday, January 10th. Rosenblatt Securities reissued a “buy” rating and issued a $28.00 price objective on shares of IMAX in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of IMAX from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $28.13.

IMAX Price Performance

Shares of IMAX stock opened at $23.53 on Thursday. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 53.48, a PEG ratio of 1.29 and a beta of 1.24. IMAX has a one year low of $13.20 and a one year high of $26.84. The company’s fifty day moving average price is $24.77 and its 200-day moving average price is $22.07.

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 firm had revenue of $91.50 million for 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 company’s revenue was down 11.9% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS.

Insider Transactions at IMAX

In related news, CFO Natasha Fernandes sold 2,957 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $25.52, for a total transaction of $75,462.64. Following the completion of the sale, the chief financial officer now owns 14,883 shares of the company’s stock, valued at $379,814.16. This represents a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kenneth Ian Weissman sold 6,309 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $25.51, for a total transaction of $160,942.59. Following the sale, the insider now directly owns 25,139 shares of the company’s stock, valued at $641,295.89. The trade was a 20.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,176 shares of company stock valued at $1,662,110. Company insiders own 24.08% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IMAX. Blue Trust Inc. increased its stake in shares of IMAX by 138.5% in the fourth quarter. Blue Trust Inc. now owns 966 shares of the company’s stock worth $25,000 after acquiring an additional 561 shares during the period. Huntington National Bank acquired a new stake in shares of IMAX in the third quarter worth $34,000. Quarry LP increased its stake in shares of IMAX by 78,333.3% in the third quarter. Quarry LP now owns 2,353 shares of the company’s stock worth $48,000 after acquiring an additional 2,350 shares during the period. nVerses Capital LLC acquired a new stake in shares of IMAX in the third quarter worth $70,000. Finally, US Bancorp DE increased its stake in shares of IMAX by 23.4% in the third quarter. US Bancorp DE now owns 7,656 shares of the company’s stock worth $157,000 after acquiring an additional 1,452 shares during the period. Institutional investors and hedge funds 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.