Cineplex Inc (TSE:CGX) – Analysts at National Bank Financial lowered their FY2020 earnings estimates for Cineplex in a research note issued on Wednesday, February 12th. National Bank Financial analyst A. Shine now forecasts that the company will post earnings of $1.08 per share for the year, down from their previous forecast of $1.16. National Bank Financial has a “Tender” rating and a $34.00 price objective on the stock.
Cineplex (TSE:CGX) last issued its quarterly earnings data on Thursday, November 14th. The company reported C$0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.14 by C$0.10. The business had revenue of C$418.45 million for the quarter, compared to analyst estimates of C$413.10 million.
Other equities research analysts also recently issued reports about the company. CIBC downgraded Cineplex from an “outperform” rating to a “neutral” rating and upped their target price for the stock from C$29.00 to C$34.00 in a research report on Tuesday, December 17th. TD Securities downgraded Cineplex from a “hold” rating to a “tender” rating and set a C$34.00 target price for the company. in a research report on Tuesday, February 4th. Canaccord Genuity downgraded Cineplex from a “buy” rating to a “hold” rating and upped their target price for the stock from C$31.00 to C$34.00 in a research report on Tuesday. Finally, Royal Bank of Canada downgraded Cineplex from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$32.00 to C$34.00 in a research report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Cineplex currently has a consensus rating of “Hold” and a consensus price target of C$32.71.
CGX opened at C$33.81 on Friday. The company has a market capitalization of $2.14 billion and a price-to-earnings ratio of 40.78. The company has a debt-to-equity ratio of 335.67, a current ratio of 0.43 and a quick ratio of 0.30. Cineplex has a 1-year low of C$22.25 and a 1-year high of C$34.39. The business has a 50 day moving average price of C$33.90 and a two-hundred day moving average price of C$27.30.
The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be given a $0.15 dividend. The ex-dividend date is Thursday, January 30th. This represents a $1.80 dividend on an annualized basis and a yield of 5.32%. Cineplex’s dividend payout ratio (DPR) is 212.91%.
Cineplex Company Profile
Cineplex Inc, through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce.
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