News headlines about Imax Corp (NYSE:IMAX) have been trending somewhat positive this week, according to Alpha One Sentiment Analysis. Alpha One, a unit of Accern, identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Imax Corp earned a media sentiment score of 0.06 on Alpha One’s scale. Alpha One also gave news stories about the company an impact score of 100 out of 100, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected AlphaOne’s rankings:
- IMAX VR Centres to Showcase VR Experience Raising a Rukus (vrfocus.com)
- The Virtual Reality Company Partners with IMAX to Premiere First-of-its-Kind Family VR Experience “Raising a Rukus” at IMAX VR Centres (bizjournals.com)
- IMAX Corporation to Present at the 45th Annual J.P. Morgan Global Technology, Media and Telecom Conference – PR Newswire (press release) (prnewswire.com)
- Imax Corp (IMAX) Cut to “Hold” at TheStreet (americanbankingnews.com)
A number of brokerages have recently weighed in on IMAX. Credit Suisse Group AG cut Imax Corp from an “outperform” rating to a “neutral” rating and set a $34.00 price target for the company. in a research report on Tuesday, January 31st. MKM Partners restated a “buy” rating and issued a $40.00 price target on shares of Imax Corp in a research report on Tuesday, April 25th. Barrington Research restated an “outperform” rating and issued a $40.00 price target on shares of Imax Corp in a research report on Sunday, February 26th. Roth Capital set a $37.00 price target on Imax Corp and gave the company a “buy” rating in a research report on Thursday, April 20th. Finally, Canaccord Genuity restated a “buy” rating and issued a $39.00 price target on shares of Imax Corp in a research report on Monday, April 10th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $40.10.
Shares of Imax Corp (NYSE:IMAX) traded up 0.92% on Friday, reaching $27.35. The company’s stock had a trading volume of 473,958 shares. The stock has a 50-day moving average of $31.14 and a 200 day moving average of $32.00. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 105.19 and a beta of 1.16. Imax Corp has a 52 week low of $26.48 and a 52 week high of $35.30.
Imax Corp (NYSE:IMAX) last released its earnings results on Thursday, April 20th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $68.70 million for the quarter, compared to the consensus estimate of $71.53 million. Imax Corp had a return on equity of 5.99% and a net margin of 10.86%. Imax Corp’s quarterly revenue was down 25.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 earnings per share. On average, analysts expect that Imax Corp will post $0.95 EPS for the current year.
In other Imax Corp news, CEO Greg Foster sold 6,585 shares of the company’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $32.26, for a total transaction of $212,432.10. Following the sale, the chief executive officer now owns 56,100 shares of the company’s stock, valued at $1,809,786. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eileen Campbell sold 8,512 shares of the company’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $32.26, for a total transaction of $274,597.12. Following the sale, the insider now directly owns 15,829 shares in the company, valued at approximately $510,643.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,097 shares of company stock valued at $3,807,029. Corporate insiders own 5.80% of the company’s stock.
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About Imax Corp
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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