Analysts expect that Imax Corp (NYSE:IMAX) will announce earnings of $0.28 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Imax’s earnings. The lowest EPS estimate is $0.24 and the highest is $0.33. Imax reported earnings per share of $0.34 during the same quarter last year, which suggests a negative year over year growth rate of 17.6%. The company is expected to issue its next earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that Imax will report full year earnings of $0.93 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $0.97. For the next fiscal year, analysts forecast that the company will report earnings of $1.12 per share, with EPS estimates ranging from $1.02 to $1.23. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Imax.

Imax (NYSE:IMAX) last released its earnings results on Thursday, October 25th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.10. The firm had revenue of $82.11 million during the quarter, compared to the consensus estimate of $80.26 million. Imax had a return on equity of 6.87% and a net margin of 6.64%.

Several research firms have issued reports on IMAX. Zacks Investment Research raised Imax from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Tuesday, September 25th. Wedbush set a $29.00 price target on Imax and gave the company a “buy” rating in a report on Monday, October 15th. Barrington Research dropped their price target on Imax to $27.00 and set an “outperform” rating on the stock in a report on Monday, October 29th. ValuEngine cut Imax from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Finally, Canaccord Genuity dropped their price target on Imax from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $26.72.

A number of large investors have recently made changes to their positions in IMAX. Macquarie Group Ltd. acquired a new stake in Imax during the 3rd quarter valued at $113,000. Point72 Hong Kong Ltd raised its stake in Imax by 185.5% during the 3rd quarter. Point72 Hong Kong Ltd now owns 5,921 shares of the company’s stock valued at $153,000 after purchasing an additional 3,847 shares during the period. Renaissance Technologies LLC acquired a new stake in Imax during the 2nd quarter valued at $202,000. B. Riley Financial Inc. acquired a new stake in Imax during the 2nd quarter valued at $242,000. Finally, AQR Capital Management LLC acquired a new stake in Imax during the 3rd quarter valued at $278,000. 76.52% of the stock is currently owned by institutional investors.

NYSE IMAX opened at $18.71 on Friday. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 103.94, a P/E/G ratio of 1.53 and a beta of 1.17. Imax has a 1 year low of $18.13 and a 1 year high of $26.10.

About Imax

IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company that specializes in motion picture technologies and presentations worldwide. It offers cinematic solution comprising proprietary software, theater architecture, and equipment. The company engages in Digital Re-Mastering (DMR) of films into the IMAX format for exhibition in the IMAX theater network; the provision of IMAX premium theater systems to exhibitor customers through sales, long-term leases, or joint revenue sharing arrangements; the distribution of documentary films; the provision of production technical support and film post-production services; the ownership and operation of IMAX theaters; and the provision of camera and other miscellaneous items rental services.

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