Seaport Res Ptn Analysts Lower Earnings Estimates for IMAX

IMAX Co. (NYSE:IMAX) – Equities research analysts at Seaport Res Ptn dropped their Q2 2025 earnings per share (EPS) estimates for IMAX in a research note issued on Thursday, February 20th. Seaport Res Ptn analyst D. Joyce now expects that the company will earn $0.17 per share for the quarter, down from their previous estimate of $0.22. The consensus estimate for IMAX’s current full-year earnings is $0.91 per share.

IMAX (NYSE:IMAX) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.14). The firm had revenue of $92.67 million during the quarter, compared to the consensus estimate of $104.08 million. IMAX had a net margin of 7.40% and a return on equity of 8.60%.

A number of other equities research analysts have also recently commented on IMAX. Wedbush reiterated an “outperform” rating and issued a $32.00 price target on shares of IMAX in a research note on Thursday, February 20th. JPMorgan Chase & Co. increased their price objective on shares of IMAX from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Roth Mkm lifted their target price on shares of IMAX from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Macquarie raised their price target on shares of IMAX from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Finally, Barrington Research lifted their price objective on shares of IMAX from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.67.

IMAX Price Performance

Shares of IMAX stock opened at $26.40 on Monday. The stock’s 50-day moving average is $24.69 and its 200 day moving average is $23.12. IMAX has a 1-year low of $14.94 and a 1-year high of $27.77. The company has a market cap of $1.40 billion, a P/E ratio of 53.87, a PEG ratio of 1.49 and a beta of 1.22.

Institutional Trading of IMAX

A number of large investors have recently made changes to their positions in IMAX. Polar Asset Management Partners Inc. increased its holdings in shares of IMAX by 191.6% in the fourth quarter. Polar Asset Management Partners Inc. now owns 204,536 shares of the company’s stock valued at $5,236,000 after purchasing an additional 134,389 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in IMAX by 87.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,978 shares of the company’s stock valued at $3,788,000 after buying an additional 68,957 shares during the last quarter. Squarepoint Ops LLC purchased a new position in IMAX in the 4th quarter valued at $999,000. Two Sigma Investments LP acquired a new position in IMAX in the 4th quarter valued at $2,411,000. Finally, State of Wyoming raised its position in IMAX by 184.6% during the 4th quarter. State of Wyoming now owns 21,606 shares of the company’s stock worth $553,000 after buying an additional 14,014 shares during the last quarter. 93.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at IMAX

In other news, EVP Robert D. Lister sold 55,910 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $25.50, for a total transaction of $1,425,705.00. Following the completion of the transaction, the executive vice president now directly owns 138,889 shares of the company’s stock, valued at approximately $3,541,669.50. This represents a 28.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Natasha Fernandes sold 2,957 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $25.52, for a total transaction of $75,462.64. Following the completion of the transaction, the chief financial officer now owns 14,883 shares in the company, valued at $379,814.16. This represents a 16.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,176 shares of company stock worth $1,662,110. Corporate insiders own 24.08% of the company’s stock.

About IMAX

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.