Cineplex Inc (TSE:CGX) – Research analysts at National Bank Financial upped their Q3 2019 EPS estimates for shares of Cineplex in a report released on Tuesday, November 12th. National Bank Financial analyst A. Shine now expects that the company will post earnings per share of $0.11 for the quarter, up from their prior forecast of $0.05. National Bank Financial currently has a “Outperform” rating and a $29.00 price target on the stock. National Bank Financial also issued estimates for Cineplex’s FY2019 earnings at $0.74 EPS.

A number of other research analysts have also weighed in on CGX. CIBC raised their target price on Cineplex from C$28.50 to C$29.00 in a report on Friday. Royal Bank of Canada dropped their target price on Cineplex from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a report on Friday. TD Securities dropped their target price on Cineplex from C$33.00 to C$32.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, BMO Capital Markets dropped their target price on Cineplex from C$30.00 to C$28.00 in a report on Monday, September 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Cineplex has a consensus rating of “Buy” and an average target price of C$30.17.

CGX stock opened at C$24.21 on Friday. Cineplex has a twelve month low of C$22.25 and a twelve month high of C$28.91. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 329.31. The stock’s 50 day moving average is C$23.28 and its 200-day moving average is C$24.16. The firm has a market capitalization of $1.42 billion and a PE ratio of 31.04.

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 31st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.80 dividend on an annualized basis and a yield of 7.43%. Cineplex’s dividend payout ratio (DPR) is currently 224.36%.

About Cineplex

Cineplex Inc, through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce.

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Earnings History and Estimates for Cineplex (TSE:CGX)

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