Imax Corporation (NASDAQ:IMAX) VP Larry Oreilly sold 57,750 shares of Imax Corporation stock on the open market in a transaction that occured on Wednesday, August 14th. The shares were sold at an average price of $27.13, for a total value of $1,566,757.50. Following the transaction, the vice president now directly owns 5,000 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on IMAX shares. Analysts at Sterne Agee initiated coverage on shares of Imax Corporation in a research note to investors on Thursday, June 13th. They set an “in-line” rating and a $28.00 price target on the stock. Analysts at B. Riley upgraded shares of Imax Corporation from a “neutral” rating to a “buy” rating in a research note to investors on Monday, June 10th. They now have a $37.00 price target on the stock, up previously from $24.00.
Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $30.09.
Shares of Imax Corporation (NASDAQ:IMAX) traded down 2.43% during mid-day trading on Friday, hitting $26.14. The stock had a trading volume of 701,058 shares. Imax Corporation has a one year low of $18.85 and a one year high of $28.99. The stock’s 50-day moving average is $25.53 and its 200-day moving average is $26.10. The company has a market cap of $1.753 billion and a P/E ratio of 43.28.
Imax Corporation (NASDAQ:IMAX) last released its earnings data on Thursday, July 25th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.05. The company had revenue of $82.30 million for the quarter, compared to the consensus estimate of $77.34 million. During the same quarter last year, the company posted $0.21 earnings per share. Imax Corporation’s revenue was up 17.2% compared to the same quarter last year. On average, analysts predict that Imax Corporation will post $0.77 earnings per share for the current fiscal year.
IMAX Corporation, together with its wholly owned subsidiaries, is an entertainment technology companies, specializing in motion picture technologies and presentations.
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