Cineplex (CGX) Scheduled to Post Earnings on Thursday

Cineplex (TSE:CGX) is scheduled to release its earnings data before the market opens on Thursday, May 9th. Analysts expect Cineplex to post earnings of C($0.15) per share for the quarter.

Cineplex (TSE:CGX) last posted its quarterly earnings results on Thursday, February 8th. The company reported C($0.19) earnings per share (EPS) for the quarter. The firm had revenue of C$315.08 million for the quarter, compared to the consensus estimate of C$359.50 million.

Cineplex Trading Up 0.3 %

TSE CGX opened at C$9.08 on Wednesday. The firm has a market capitalization of C$578.21 million, a PE ratio of 5.03, a price-to-earnings-growth ratio of 0.30 and a beta of 2.84. Cineplex has a one year low of C$7.14 and a one year high of C$10.26. The company has a 50-day simple moving average of C$7.85 and a 200-day simple moving average of C$8.17. The company has a debt-to-equity ratio of 7,933.30, a quick ratio of 0.22 and a current ratio of 0.55.

Insider Activity

In related news, Senior Officer Kevin David Watts purchased 3,200 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of C$7.92 per share, for a total transaction of C$25,344.00. In other news, Senior Officer Gordon Nelson acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was acquired at an average price of C$7.47 per share, for a total transaction of C$74,700.00. Also, Senior Officer Kevin David Watts bought 3,200 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average cost of C$7.92 per share, for a total transaction of C$25,344.00. Over the last ninety days, insiders have acquired 14,500 shares of company stock valued at $109,911. Company insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CGX. Royal Bank of Canada lowered their target price on Cineplex from C$15.00 to C$14.00 and set an “outperform” rating for the company in a report on Friday, February 9th. Canaccord Genuity Group dropped their target price on Cineplex from C$13.75 to C$13.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. BMO Capital Markets boosted their price target on shares of Cineplex from C$11.50 to C$12.50 and gave the company a “market perform” rating in a report on Wednesday, March 6th. National Bankshares dropped their price objective on shares of Cineplex from C$13.50 to C$12.50 and set an “outperform” rating on the stock in a report on Tuesday, January 16th. Finally, Scotiabank boosted their target price on shares of Cineplex from C$11.00 to C$11.25 and gave the company an “outperform” rating in a research note on Friday, March 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$12.88.

About Cineplex

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.