National Bank Financial Comments on Cineplex Inc.’s Q3 2024 Earnings (TSE:CGX)

Cineplex Inc. (TSE:CGX) – Investment analysts at National Bank Financial issued their Q3 2024 EPS estimates for Cineplex in a note issued to investors on Monday, September 30th. National Bank Financial analyst A. Shine expects that the company will earn $0.24 per share for the quarter. The consensus estimate for Cineplex’s current full-year earnings is $1.07 per share.

A number of other equities research analysts have also issued reports on the stock. TD Securities upped their price objective on shares of Cineplex from C$14.00 to C$16.00 and gave the company a “buy” rating in a report on Friday, August 16th. Royal Bank of Canada cut their price target on shares of Cineplex from C$14.00 to C$13.00 in a report on Wednesday, July 24th. Desjardins upped their price objective on Cineplex from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Canaccord Genuity Group lowered their price objective on Cineplex from C$12.00 to C$11.50 in a research report on Wednesday, September 25th. Finally, Scotiabank lifted their target price on Cineplex from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cineplex presently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.64.

Cineplex Stock Down 1.5 %

Shares of CGX opened at C$10.31 on Wednesday. Cineplex has a 52-week low of C$7.10 and a 52-week high of C$11.16. The company has a quick ratio of 0.22, a current ratio of 0.36 and a debt-to-equity ratio of 30,533.69. The stock has a fifty day simple moving average of C$10.24 and a two-hundred day simple moving average of C$8.79. The company has a market capitalization of C$656.54 million, a PE ratio of -9.13, a price-to-earnings-growth ratio of 0.30 and a beta of 2.75.

Cineplex (TSE:CGX) last posted its quarterly earnings results on Friday, August 9th. The company reported C($0.33) EPS for the quarter. The company had revenue of C$277.34 million during the quarter, compared to analysts’ expectations of C$283.90 million.

About Cineplex

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.