News headlines about Imax Corporation (NYSE:IMAX) have trended somewhat positive on Tuesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Imax Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.0752214668818 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Imax USA : Give the Gift of Exploration and Adventure For an Entire Year with the Balboa Park Annual Explorer Pass (4-traders.com)
- News Corporation (NWSA) Jumps: Stock Rises 5.2% (finance.yahoo.com)
- ETFs with exposure to IMAX Corp. : November 13, 2017 (finance.yahoo.com)
- Amy Adams Lauded As “Virtuoso” & “Babe Ruth” Of Actors At American Cinematheque; Imax Receives Sid Grauman Award (deadline.com)
- Imax Can’t Escape Arbitration Awards, Fla. Court Told (law360.com)
Several brokerages recently weighed in on IMAX. Credit Suisse Group cut their price objective on shares of Imax Corporation from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, September 28th. Wedbush reissued an “outperform” rating and issued a $35.00 price target on shares of Imax Corporation in a research report on Thursday, July 20th. Canaccord Genuity set a $32.00 price objective on shares of Imax Corporation and gave the stock a “buy” rating in a research note on Monday, October 23rd. B. Riley set a $35.00 price objective on shares of Imax Corporation and gave the stock a “buy” rating in a research note on Thursday, October 19th. Finally, BidaskClub upgraded shares of Imax Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $31.00.
Shares of Imax Corporation (NYSE:IMAX) opened at $23.10 on Tuesday. Imax Corporation has a 12 month low of $17.58 and a 12 month high of $35.30. The stock has a market capitalization of $1,524.98, a P/E ratio of 98.13, a PEG ratio of 3.46 and a beta of 1.12.
Imax Corporation (NYSE:IMAX) last released its earnings results on Thursday, October 26th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.07. The company had revenue of $98.80 million for the quarter, compared to analyst estimates of $86.17 million. Imax Corporation had a return on equity of 2.62% and a net margin of 1.78%. Imax Corporation’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 EPS. equities analysts expect that Imax Corporation will post 0.3 earnings per share for the current year.
In other Imax Corporation news, CEO Greg Foster sold 9,417 shares of Imax Corporation stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $19.55, for a total value of $184,102.35. Following the completion of the sale, the chief executive officer now directly owns 67,018 shares in the company, valued at $1,310,201.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 18.90% of the stock is owned by company insiders.
Imax Corporation Company Profile
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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