IMAX (NYSE:IMAX) Rating Reiterated by Barrington Research

Barrington Research restated their outperform rating on shares of IMAX (NYSE:IMAX) in a research report released on Wednesday, Benzinga reports. They currently have a $24.00 target price on the stock. Barrington Research also issued estimates for IMAX’s Q1 2025 earnings at $0.07 EPS and Q4 2025 earnings at $0.34 EPS.

Several other equities research analysts also recently weighed in on the stock. Rosenblatt Securities boosted their target price on shares of IMAX from $25.00 to $28.00 and gave the stock a buy rating in a research report on Friday, July 26th. Roth Mkm boosted their price objective on IMAX from $23.00 to $27.00 and gave the company a buy rating in a report on Friday, July 26th. Benchmark reaffirmed a buy rating and set a $22.00 target price on shares of IMAX in a report on Thursday, June 20th. Seaport Res Ptn upgraded IMAX to a strong-buy rating in a report on Wednesday, July 24th. Finally, Macquarie upped their price target on IMAX from $24.00 to $26.00 and gave the company an outperform rating in a research report on Friday, July 26th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, IMAX currently has a consensus rating of Moderate Buy and a consensus price target of $23.67.

IMAX Stock Up 0.5 %

Shares of NYSE IMAX opened at $20.35 on Wednesday. IMAX has a fifty-two week low of $13.20 and a fifty-two week high of $22.13. The business has a 50 day moving average price of $20.41 and a two-hundred day moving average price of $17.91. The firm has a market cap of $1.07 billion, a PE ratio of 42.40, a price-to-earnings-growth ratio of 1.38 and a beta of 1.25.

IMAX (NYSE:IMAX) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.11. The business had revenue of $88.96 million during the quarter, compared to the consensus estimate of $74.52 million. IMAX had a net margin of 5.97% and a return on equity of 7.78%. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share. On average, analysts anticipate that IMAX will post 0.69 earnings per share for the current year.

Hedge Funds Weigh In On IMAX

Institutional investors have recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in IMAX in the 2nd quarter valued at about $35,000. Price T Rowe Associates Inc. MD boosted its position in shares of IMAX by 19.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,082 shares of the company’s stock worth $212,000 after buying an additional 2,153 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of IMAX during the fourth quarter worth approximately $33,000. Summit Securities Group LLC bought a new position in IMAX in the 2nd quarter worth approximately $80,000. Finally, Partnership Wealth Management LLC increased its position in IMAX by 63.1% in the 1st quarter. Partnership Wealth Management LLC now owns 12,932 shares of the company’s stock valued at $209,000 after acquiring an additional 5,005 shares during the period. 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.