Cineplex Inc. Expected to Post FY2024 Earnings of $0.43 Per Share (TSE:CGX)

Cineplex Inc. (TSE:CGXFree Report) – Stock analysts at National Bank Financial upped their FY2024 earnings estimates for shares of Cineplex in a research report issued on Wednesday, April 10th. National Bank Financial analyst A. Shine now anticipates that the company will earn $0.43 per share for the year, up from their previous forecast of $0.40. The consensus estimate for Cineplex’s current full-year earnings is $0.51 per share.

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

Get Our Latest Research Report on CGX

Cineplex Trading Down 2.5 %

Shares of TSE:CGX opened at C$7.66 on Monday. The stock has a 50 day moving average of C$7.74 and a 200 day moving average of C$8.24. The company has a market cap of C$487.79 million, a PE ratio of 4.26, a price-to-earnings-growth ratio of 0.30 and a beta of 2.88. The company has a current ratio of 0.55, a quick ratio of 0.22 and a debt-to-equity ratio of 7,933.30. Cineplex has a 12-month low of C$7.14 and a 12-month high of C$10.26.

Cineplex (TSE:CGXGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The company reported C($0.19) earnings per share (EPS) for the quarter. The company had revenue of C$315.08 million during the quarter, compared to the consensus estimate of C$359.50 million.

Insider Activity

In other news, Senior Officer Kevin David Watts bought 3,200 shares of the stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average cost of C$7.92 per share, for a total transaction of C$25,344.00. In other news, Senior Officer Kevin David Watts bought 3,200 shares of the stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average cost of C$7.92 per share, for a total transaction of C$25,344.00. Also, Senior Officer Gordon Nelson bought 10,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were purchased at an average price of C$7.47 per share, with a total value of C$74,700.00. In the last ninety days, insiders bought 14,500 shares of company stock worth $109,911. 1.52% of the stock is currently owned by insiders.

About Cineplex

(Get Free Report)

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.

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