IMAX (NYSE:IMAX) Sets New 52-Week High on Earnings Beat

IMAX Corporation (NYSE:IMAX)’s stock price reached a new 52-week high on Friday following a better than expected earnings announcement. The company traded as high as $45.76 and last traded at $44.5540, with a volume of 171194 shares changing hands. The stock had previously closed at $43.96.

The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.30 by $0.13. IMAX had a net margin of 9.08% and a return on equity of 13.61%. The business had revenue of $102.84 million during the quarter, compared to analysts’ expectations of $96.09 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis.

Key Stories Impacting IMAX

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: Wedbush raised its price target on IMAX to $54 from $46 and reiterated an outperform rating, signaling further upside after the company’s recent rally. Benzinga
• Positive Sentiment: IMAX reported second-quarter earnings of $0.43 per share, topping expectations, with revenue of $102.84 million also beating estimates and rising 12.2% year over year. IMAX Corporation Reports Second Quarter 2026 Results
• Positive Sentiment: Investor enthusiasm is being driven by strong early demand for The Odyssey, which management called a potentially transformational release for IMAX and a major catalyst for second-half performance. The Odyssey is cleaning up for IMAX. Expect the momentum to continue
• Positive Sentiment: Trade chatter also turned bullish after reports that The Odyssey tickets are reselling for very high prices, highlighting exceptional demand for IMAX screens and premium-format showings. Imax’s CEO says it’s time to hike prices as tickets to ‘The Odyssey’ resell for $1,000
• Neutral Sentiment: IMAX disclosed a new regulatory risk tied to geopolitical, trade, and compliance pressures that could complicate its global expansion, but this is more of a longer-term overhang than an immediate earnings driver. IMAX Confronts Rising Geopolitical, Regulatory and Trade Risks Threatening Global Expansion

Wall Street Analysts Forecast Growth

IMAX has been the subject of several analyst reports. Wells Fargo & Company restated an “equal weight” rating and issued a $41.00 price objective (down from $47.00) on shares of IMAX in a report on Thursday, July 16th. B. Riley Financial reissued a “buy” rating on shares of IMAX in a research report on Monday. Rosenblatt Securities restated a “buy” rating and issued a $47.00 price target on shares of IMAX in a research note on Monday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $60.00 price target on shares of IMAX in a research report on Friday, May 22nd. Finally, Wall Street Zen cut IMAX from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $48.90.

Insiders Place Their Bets

In other IMAX news, CEO Richard L. Gelfond sold 8,943 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $37.33, for a total value of $333,842.19. Following the sale, the chief executive officer owned 765,002 shares in the company, valued at $28,557,524.66. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.55% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IMAX. CIBC Private Wealth Group LLC acquired a new stake in IMAX during the 3rd quarter valued at $27,000. Quarry LP increased its holdings in shares of IMAX by 166.8% in the fourth quarter. Quarry LP now owns 875 shares of the company’s stock valued at $32,000 after purchasing an additional 547 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of IMAX by 2,310.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,157 shares of the company’s stock valued at $38,000 after purchasing an additional 1,109 shares during the last quarter. Torren Management LLC bought a new position in shares of IMAX in the fourth quarter valued at about $40,000. Finally, Aster Capital Management DIFC Ltd raised its position in shares of IMAX by 863.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,666 shares of the company’s stock valued at $62,000 after purchasing an additional 1,493 shares during the period. 93.51% of the stock is owned by institutional investors and hedge funds.

IMAX Trading Up 0.6%

The company has a market cap of $2.43 billion, a price-to-earnings ratio of 68.08, a PEG ratio of 1.44 and a beta of 0.37. The business’s 50 day moving average price is $39.80 and its 200-day moving average price is $38.00.

IMAX Company Profile

IMAX Corporation is a global leader in immersive entertainment technologies, specializing in the design, manufacture and distribution of high-resolution cameras, projectors, and proprietary software solutions that enhance both film production and theatrical exhibition. The company licenses its premium large-format system to theatre owners and filmmakers around the world, enabling audiences to experience movies with greater clarity, scale and sound fidelity. IMAX also offers turnkey theatre development services, assisting cinema operators with auditorium design, installation and custom branding to optimize the customer experience.

Founded in 1967 and headquartered in Mississauga, Ontario, IMAX has built a reputation for pioneering film-format innovations, including its patented dual 15-perforation, 70-millimeter projection system.