|Bid||0.00 x 800|
|Ask||22.76 x 800|
|Day's Range||22.48 - 22.81|
|52 Week Range||17.55 - 26.10|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||53.33|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||27.04|
(Bloomberg) -- Movie-theater companies may be missing the power of Earth’s Mightiest Heroes.After strong domestic box-office performance earlier in the year, led by the historic success of “Avengers: Endgame,” third-quarter performance is looking soft, analysts said, prompting two firms to trim their estimates on theater chains.MKM Partners lowered its third-quarter revenue and Ebitda estimates on both AMC Entertainment Holdings and Cinemark Holdings, citing the weaker-than-expected U.S. box office. Analyst Eric Handler wrote that based on results in July and August, he now expects the domestic third-quarter box office to rise 2.5% from the year-ago period, compared with a prior view of 10% growth.Shares of Cinemark dropped 1.4% in Tuesday trading.Handler wrote that “our biggest concern right now” with AMC is that estimates may also be too high for 2020. He said the domestic box office could be down 4% next year, as it faces difficult comparisons with major hits from earlier in 2019, including “Avengers.” He has a buy rating on Cinemark but trimmed his price target by $2 to $43.Shares of AMC slipped 0.1% on Tuesday, though the stock has risen more than 30% from a July low. While there were some sizable blockbusters in the third quarter, including “The Lion King,” it also featured a soft debut for “Hobbs & Shaw,” while “It: Chapter Two” had a weaker opening weekend than its predecessor.According to Bloomberg Intelligence, “the U.S. box office needs a supernatural performance through year-end just for sales to draw even with 2018.”Separately, B Riley FBR lowered its adjusted earnings expectations for IMAX Corp.’s 2019 and 2020, also citing weaker-than-expected box-office trends.“With lower-than-expected results out of ‘It: Chapter Two’ over this past weekend and modest expectations for ‘Ad Astra,’ we now project that IMAX is tracking to $225-230M in global box office for 3Q19 vs. our previous estimate of $249M and the current consensus estimate of $246M,” analyst Eric Wold wrote.Despite that, he reiterated his buy rating and $34 price target on IMAX shares, writing that he was optimistic on its long-term trends, as well as the “improving profitability of the core cinema operations.”IMAX shares were little changed, though the company is coming off a four-day rally.(Adds Tuesday trading activity throughout.)To contact the reporter on this story: Ryan Vlastelica in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
NEW YORK , Sept. 4, 2019 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) today announced that Richard L. Gelfond , CEO, and Patrick McClymont , CFO, will present at the Goldman Sachs 28 th Annual Communacopia ...
Imax China sees record box office numbers, benefiting from Hollywood and Chinese blockbuster releases despite increasing U.S.-China trade unrest.
IMAX China Box Office Reaches RMB 2.1 Billion Year to Date, up 28% Over 2018 SHANGHAI , Sept. 2, 2019 /PRNewswire/ -- IMAX China Holding, Inc. (HKSE: 1970) today announced it delivered a record-breaking ...
NEW YORK , Aug. 29, 2019 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) today announced that Richard L. Gelfond , CEO, and Megan Colligan , President, IMAX Entertainment and Executive Vice President, IMAX ...
Rating Action: Moody's upgrades five and affirms nine classes of MSBAM 2012- C5. Global Credit Research- 16 Aug 2019. Approximately $943 million of structured securities affected.
GREATER CHINA HIGHLIGHTS (Note: Percentage and other changes refer to first-half 2018 unless otherwise noted) Achieved record IMAX China box office of US$236 million , up 24% year-on-year and 35% in RMB ...
Imax (IMAX) delivered earnings and revenue surprises of 14.29% and 6.65%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK , July 30, 2019 /PRNewswire/ -- HIGHLIGHTS (Note: Percentage and other changes refer to second quarter 2018 unless otherwise noted.) Strong execution and focus on core business driving solid ...
NEW YORK, NY / ACCESSWIRE / July, 30 2019 / IMAX Corp. (NYSE: IMAX ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on July, 30 2019 at 4:30 PM Eastern Time. ...
SHANGHAI , July 29, 2019 /PRNewswire/ -- IMAX China Holding, Inc. (HKSE:1970) today announced that Enlight Coloroom Picture, Cocoa Bean Animation and October Culture Animation's Ne Zha, the first Chinese ...
Cineworld Increases its Offering of IMAX Next-Gen Laser Projection Technology in Theatres across the United States NEW YORK , July 24, 2019 /PRNewswire/ -- Cineworld Group PLC (LON: CINE) and IMAX Corporation ...
Imax (IMAX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
For second-quarter 2019, World Wrestling (WWE) anticipates adjusted OIBDA in the band of $19-$24 million, down significantly from $43.5 million reported in the year-ago period.
Imax (IMAX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
New Theatres to Predominantly Feature IMAX with Laser® Projection System SHANGHAI and NEW YORK , July 16, 2019 /PRNewswire/ -- CGV Holdings Limited and IMAX Corporation (NYSE: IMAX), IMAX China Holding, ...