Roth Capital Has Optimistic Outlook of IMAX Q1 Earnings

IMAX Co. (NYSE:IMAX) – Investment analysts at Roth Capital lifted their Q1 2025 earnings per share estimates for shares of IMAX in a note issued to investors on Wednesday, April 9th. Roth Capital analyst E. Handler now anticipates that the company will post earnings of $0.15 per share for the quarter, up from their prior estimate of $0.11. The consensus estimate for IMAX’s current full-year earnings is $0.91 per share. Roth Capital also issued estimates for IMAX’s FY2025 earnings at $1.05 EPS and FY2026 earnings at $1.24 EPS.

IMAX (NYSE:IMAX) last issued its earnings results on Wednesday, February 19th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.14). IMAX had a net margin of 7.40% and a return on equity of 8.60%. The firm had revenue of $92.67 million during the quarter, compared to analysts’ expectations of $104.08 million.

Several other equities analysts have also recently issued reports on IMAX. Benchmark reissued a “buy” rating and issued a $30.00 price objective on shares of IMAX in a report on Thursday. Wedbush restated an “outperform” rating and issued a $32.00 price objective on shares of IMAX in a research report on Thursday, February 20th. Wells Fargo & Company raised their price objective on shares of IMAX from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. decreased their target price on shares of IMAX from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Macquarie raised their price target on shares of IMAX from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.56.

IMAX Price Performance

NYSE IMAX opened at $21.48 on Friday. The company has a fifty day moving average of $25.36 and a 200 day moving average of $24.15. The company has a market capitalization of $1.14 billion, a PE ratio of 43.85, a P/E/G ratio of 1.49 and a beta of 0.91. IMAX has a 1 year low of $14.94 and a 1 year high of $27.77.

Institutional Trading of IMAX

Several institutional investors have recently modified their holdings of the stock. Blue Trust Inc. raised its stake in IMAX by 138.5% in the 4th quarter. Blue Trust Inc. now owns 966 shares of the company’s stock valued at $25,000 after purchasing an additional 561 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of IMAX by 415.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,236 shares of the company’s stock valued at $185,000 after buying an additional 5,832 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of IMAX in the fourth quarter valued at about $217,000. Cornerstone Investment Partners LLC acquired a new position in IMAX during the fourth quarter worth about $248,000. Finally, Savant Capital LLC purchased a new stake in IMAX during the 4th quarter valued at about $249,000. 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.