The stock of IMAX Corporation (USA) (NYSE:IMAX) is a huge mover today! About 573,901 shares traded hands. IMAX Corporation (USA) (NYSE:IMAX) has declined 7.69% since March 1, 2016 and is downtrending. It has underperformed by 16.93% the S&P500.
The move comes after 9 months positive chart setup for the $1.90 billion company. It was reported on Oct, 4 by Barchart.com. We have $45.29 PT which if reached, will make NYSE:IMAX worth $1.06B more.
Analysts await IMAX Corporation (USA) (NYSE:IMAX) to report earnings on October, 26. They expect $0.10 EPS, down 16.67% or $0.02 from last year’s $0.12 per share. IMAX’s profit will be $6.54M for 72.58 P/E if the $0.10 EPS becomes a reality. After $0.09 actual EPS reported by IMAX Corporation (USA) for the previous quarter, Wall Street now forecasts 11.11% EPS growth.
IMAX Corporation (USA) (NYSE:IMAX) Ratings Coverage
Out of 10 analysts covering IMAX (NYSE:IMAX), 9 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 90% are positive. IMAX has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, October 20 by B. Riley & Co. As per Wednesday, September 9, the company rating was maintained by Stifel Nicolaus. The stock of IMAX Corporation (USA) (NYSE:IMAX) has “Buy” rating given on Wednesday, July 20 by Roth Capital. The firm has “Buy” rating by Benchmark given on Monday, March 7. The firm has “Buy” rating by M Partners given on Wednesday, September 9. The stock has “Buy” rating given by Stifel Nicolaus on Thursday, October 29. The firm has “Outperform” rating by Wedbush given on Monday, February 22. Macquarie Research maintained IMAX Corporation (USA) (NYSE:IMAX) on Wednesday, September 14 with “Outperform” rating. On Friday, November 20 the stock rating was maintained by Goldman Sachs with “Neutral”. Dougherty & Company maintained the stock with “Buy” rating in Friday, October 16 report.
According to Zacks Investment Research, “Imax Corporation is an entertainment technology company, with particular emphasis on film and digital imaging technologies including giant-screen images, 3D presentations, post-production and digital projection. They design and manufacture projection and sound systems for giant-screen theaters and are a producer and distributor of films for giant-screen theaters. They also design and manufacture high performance digital image delivery systems in the form of digital projectors capable of projecting quality images on large screens from any video, computer or HDTV source.”
More news for IMAX Corporation (USA) (NYSE:IMAX) were recently published by: Livetradingnews.com, which released: “IMAX Corporation (USA)(NYSE:IMAX) Downward Trend” on August 30, 2016. Investorplace.com‘s article titled: “IMAX Corporation (USA): Long-Term, IMAX Stock Is Looking Better Than Ever” and published on May 09, 2016 is yet another important article.
IMAX Company Profile
IMAX Corporation, incorporated on January 1, 2002, is an entertainment technology company. The Firm offers specialized motion picture technologies and presentations. The Firm operates through seven divisions: the IMAX systems, the theater system maintenance, the joint revenue sharing arrangements, film production and IMAX DMR, film distribution, film post-production and other. IMAX offers end-to-end cinematic solutions combining software, theater architecture and equipment to create the immersive motion picture experience. The Company’s theater network is a theatrical distribution platform for event films across the world. The Company’s principal businesses include the design and manufacture of theater systems (IMAX theater systems) and the sale, lease or contribution of those systems to customers, and the Digital Re-Mastering of films into the IMAX format and the exhibition of those films in the IMAX theater network. The Company’s clients who purchase, lease or otherwise acquire the IMAX theater systems are theater exhibitors that operate commercial theaters (particularly multiplexes), museums, science centers or destination entertainment sites. IMAX theater systems include IMAX DMR (Digital Re-Mastering) movie conversion technology, projectors with specialized equipment and automated theater control systems, sound system components and specialized theater acoustics.
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