Wedbush Equities Analysts Cut Earnings Estimates for IMAX

IMAX Co. (NYSE:IMAX) – Investment analysts at Wedbush dropped their Q1 2025 EPS estimates for shares of IMAX in a report released on Wednesday, November 27th. Wedbush analyst A. Reese now forecasts that the company will post earnings of $0.08 per share for the quarter, down from their prior estimate of $0.11. Wedbush has a “Outperform” rating on the stock. The consensus estimate for IMAX’s current full-year earnings is $0.78 per share. Wedbush also issued estimates for IMAX’s Q4 2025 earnings at $0.48 EPS.

IMAX (NYSE:IMAX) last posted its earnings results on Wednesday, October 30th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.12. The company had revenue of $91.50 million for the quarter, compared to analyst estimates of $93.71 million. IMAX had a net margin of 6.74% and a return on equity of 7.53%. The firm’s revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 EPS.

A number of other equities research analysts have also commented on IMAX. Roth Mkm increased their price target on IMAX from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $28.00 target price on shares of IMAX in a report on Thursday, October 31st. StockNews.com cut shares of IMAX from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. lifted their target price on shares of IMAX from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, Barrington Research restated an “outperform” rating and issued a $24.00 target price on shares of IMAX in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.22.

IMAX Stock Up 3.1 %

Shares of IMAX stock opened at $26.01 on Thursday. The company has a market cap of $1.37 billion, a PE ratio of 59.16, a price-to-earnings-growth ratio of 1.61 and a beta of 1.22. IMAX has a 52 week low of $13.20 and a 52 week high of $26.47. The business has a 50 day moving average price of $21.96 and a 200-day moving average price of $19.65.

Hedge Funds Weigh In On IMAX

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of IMAX by 13.2% during the 1st quarter. Vanguard Group Inc. now owns 584,795 shares of the company’s stock valued at $9,456,000 after buying an additional 68,155 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in IMAX by 33.1% during the second quarter. Victory Capital Management Inc. now owns 1,293,221 shares of the company’s stock valued at $21,687,000 after purchasing an additional 321,506 shares during the last quarter. Mizuho Markets Americas LLC boosted its position in IMAX by 47.5% during the third quarter. Mizuho Markets Americas LLC now owns 387,689 shares of the company’s stock worth $7,952,000 after purchasing an additional 124,811 shares during the period. American Century Companies Inc. increased its stake in shares of IMAX by 57.0% in the second quarter. American Century Companies Inc. now owns 120,021 shares of the company’s stock worth $2,013,000 after purchasing an additional 43,584 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of IMAX by 90.6% in the second quarter. Bank of New York Mellon Corp now owns 587,694 shares of the company’s stock worth $9,856,000 after purchasing an additional 279,410 shares in the last quarter. 93.51% of the stock is owned by institutional investors.

IMAX Company Profile

IMAX Corporation, together with its subsidiaries, operates as a technology platform for entertainment and events worldwide. The company operates in two segments, Content Solutions and Technology Products and Services. The company offers IMAX DMR, a proprietary technology that digitally remasters films and other content into IMAX formats for distribution to the IMAX network; IMAX Enhanced that provides end-to-end technology across streaming content and entertainment devices at home; and SSIMWAVE, an AI-driven video quality solutions for media and entertainment companies.