Imax Corp (NYSE:IMAX) – Research analysts at B. Riley decreased their Q4 2017 earnings per share estimates for shares of Imax in a research note issued on Monday. B. Riley analyst E. Wold now forecasts that the company will earn $0.27 per share for the quarter, down from their previous estimate of $0.33. B. Riley currently has a “Buy” rating and a $35.00 target price on the stock. B. Riley also issued estimates for Imax’s Q1 2018 earnings at $0.05 EPS, Q2 2018 earnings at $0.27 EPS, FY2018 earnings at $0.86 EPS, Q2 2019 earnings at $0.33 EPS, Q3 2019 earnings at $0.33 EPS and FY2019 earnings at $1.05 EPS.

IMAX has been the subject of a number of other reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $28.00 target price on shares of Imax in a report on Sunday, September 17th. Zacks Investment Research raised shares of Imax from a “sell” rating to a “strong-buy” rating and set a $28.00 target price for the company in a report on Wednesday, November 1st. Wedbush reaffirmed a “buy” rating and issued a $31.00 target price on shares of Imax in a report on Friday, October 27th. JPMorgan Chase & Co. raised shares of Imax from a “neutral” rating to an “overweight” rating in a report on Friday, October 27th. Finally, BidaskClub raised shares of Imax from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.30.

Shares of Imax (IMAX) opened at $20.45 on Tuesday. Imax has a 1-year low of $17.58 and a 1-year high of $34.60. The company has a market cap of $1,320.00, a PE ratio of 204.50, a PEG ratio of 1.10 and a beta of 1.13.

Imax (NYSE:IMAX) last announced its earnings results on Thursday, October 26th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.07. Imax had a net margin of 3.26% and a negative return on equity of 0.66%. The business had revenue of $98.80 million during the quarter, compared to analysts’ expectations of $86.17 million. During the same period in the prior year, the company earned $0.12 earnings per share. The business’s revenue was up 14.2% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc grew its position in Imax by 0.6% during the second quarter. Legal & General Group Plc now owns 21,109 shares of the company’s stock worth $468,000 after buying an additional 129 shares during the period. MML Investors Services LLC grew its position in Imax by 0.5% during the second quarter. MML Investors Services LLC now owns 31,735 shares of the company’s stock worth $698,000 after buying an additional 166 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Imax by 13.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,522 shares of the company’s stock worth $181,000 after buying an additional 748 shares during the period. Virtu KCG Holdings LLC grew its position in Imax by 14.1% during the second quarter. Virtu KCG Holdings LLC now owns 20,666 shares of the company’s stock worth $455,000 after buying an additional 2,556 shares during the period. Finally, Connors Investor Services Inc. grew its position in Imax by 2.9% during the second quarter. Connors Investor Services Inc. now owns 98,852 shares of the company’s stock worth $2,175,000 after buying an additional 2,750 shares during the period. Institutional investors own 83.91% of the company’s stock.

In other news, insider Mark Welton sold 8,985 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $25.81, for a total transaction of $231,902.85. Following the transaction, the insider now directly owns 16,331 shares in the company, valued at $421,503.11. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert D. Lister sold 3,528 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $23.97, for a total transaction of $84,566.16. Following the transaction, the insider now owns 35,594 shares in the company, valued at $853,188.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,050 shares of company stock worth $425,276. Company insiders own 18.90% of the company’s stock.

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About Imax

IMAX Corporation is an entertainment technology company. The Company operates through seven segments: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment.

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