IMAX (IMAX) to Release Quarterly Earnings on Thursday
IMAX (NASDAQ:IMAX) is scheduled to announce its Q214 earnings results on Thursday, July 24th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $81.10 million for the quarter.
IMAX (NASDAQ:IMAX) opened at 25.27 on Wednesday. IMAX has a 52-week low of $24.01 and a 52-week high of $31.23. The stock’s 50-day moving average is $26.91 and its 200-day moving average is $26.93. The company has a market cap of $1.717 billion and a P/E ratio of 41.77.
A number of analysts have recently weighed in on IMAX shares. Analysts at B. Riley upgraded shares of IMAX from a “neutral” rating to a “buy” rating in a research note on Monday. On the ratings front, analysts at Stifel Nicolaus upgraded shares of IMAX from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $32.00 price target on the stock. Finally, analysts at Piper Jaffray downgraded shares of IMAX from an “overweight” rating to a “neutral” rating in a research note on Wednesday, July 16th. They now have a $28.00 price target on the stock, down previously from $35.00. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $30.07.
IMAX Corporation, together with its wholly owned subsidiaries, is an entertainment technology companies, specializing in motion picture technologies and presentations.
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