News stories about Imax Corporation (NYSE:IMAX) have been trending positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Imax Corporation earned a media sentiment score of 0.38 on Accern’s scale. Accern also assigned news stories about the company an impact score of 7 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Imax Corporation (IMAX) Reaches 52-Week High – Highlight Press (highlightpress.com)
- Imax Corporation (NYSE:IMAX) Price Target Lowered to $30.00 at MKM Partners (americanbankingnews.com)
- BRIEF-Primecap Management Company reports a 8.29 pct passive stake in Imax Corp (in.reuters.com)
- IMAX Corporation (IMAX) PT Lowered to $30 at MKM Partners; ‘Slashing Global Box Office Projections to More Conservative Levels’ (streetinsider.com)
- 3 Reasons To Own IMAX Shares For The Long Term (finance.yahoo.com)
Shares of Imax Corporation (NYSE IMAX) traded up 0.93% during mid-day trading on Monday, reaching $21.75. 312,544 shares of the company’s stock traded hands. The company has a 50 day moving average of $25.48 and a 200 day moving average of $30.47. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 83.65 and a beta of 0.90. Imax Corporation has a 12 month low of $21.02 and a 12 month high of $35.30.
Imax Corporation (NYSE:IMAX) last posted its quarterly earnings results on Thursday, April 20th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $68.70 million for the quarter, compared to analysts’ expectations of $71.53 million. Imax Corporation had a return on equity of 2.49% and a net margin of 5.46%. The company’s revenue for the quarter was down 25.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 EPS. Analysts expect that Imax Corporation will post $0.82 earnings per share for the current fiscal year.
IMAX has been the topic of a number of research analyst reports. ValuEngine lowered shares of Imax Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Roth Capital set a $37.00 price objective on shares of Imax Corporation and gave the stock a “buy” rating in a report on Thursday, April 20th. TheStreet lowered shares of Imax Corporation from a “b-” rating to a “c” rating in a report on Wednesday, May 17th. Zacks Investment Research raised shares of Imax Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $39.00 target price on shares of Imax Corporation in a research note on Friday, May 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $37.85.
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In other Imax Corporation news, Director Eric A. Demirian sold 2,670 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $25.10, for a total transaction of $67,017.00. Following the transaction, the director now directly owns 17,945 shares in the company, valued at approximately $450,419.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 18.90% of the stock is currently owned by corporate 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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