Wedbush Analysts Decrease Earnings Estimates for IMAX

IMAX Co. (NYSE:IMAX) – Analysts at Wedbush lowered their Q1 2025 earnings per share estimates for shares of IMAX in a note issued to investors 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 forecast 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.

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

IMAX Stock Performance

NYSE:IMAX opened at $26.01 on Thursday. IMAX has a 52-week low of $13.20 and a 52-week high of $26.47. The stock has a fifty day moving average of $21.96 and a 200 day moving average of $19.65. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 59.16, a P/E/G ratio of 1.61 and a beta of 1.22.

IMAX (NYSE:IMAX) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.23 by $0.12. The firm had revenue of $91.50 million during the quarter, compared to the consensus estimate of $93.71 million. IMAX had a net margin of 6.74% and a return on equity of 7.53%. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS.

Institutional Trading of IMAX

Several institutional investors have recently added to or reduced their stakes in IMAX. Huntington National Bank bought a new stake in shares of IMAX in the 3rd quarter valued at about $34,000. Headlands Technologies LLC bought a new stake in IMAX in the second quarter valued at approximately $35,000. Quarry LP boosted its stake in shares of IMAX by 78,333.3% during the third quarter. Quarry LP now owns 2,353 shares of the company’s stock valued at $48,000 after purchasing an additional 2,350 shares during the period. nVerses Capital LLC bought a new position in shares of IMAX in the third quarter worth approximately $70,000. Finally, Summit Securities Group LLC purchased a new position in shares of IMAX in the second quarter worth $80,000. 93.51% of the stock is currently owned by hedge funds and other institutional investors.

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.