National Bank Financial Weighs in on Cineplex Inc.’s FY2024 Earnings (TSE:CGX)

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

A number of other analysts have also recently issued reports on the company. 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 research note on Friday, February 9th. Canaccord Genuity Group lowered their target price 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. Scotiabank increased their target price 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. National Bankshares lowered their target price 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. Finally, BMO Capital Markets increased their target price 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 equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$12.88.

Cineplex Price Performance

TSE CGX opened at C$7.54 on Monday. The business has a 50 day simple moving average of C$7.72 and a 200 day simple moving average of C$8.23. Cineplex has a 52-week low of C$7.14 and a 52-week high of C$10.26. 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. The stock has a market cap of C$480.15 million, a price-to-earnings ratio of 4.19, a PEG ratio of 0.30 and a beta of 2.88.

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

Insider Transactions at Cineplex

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

Cineplex Company Profile

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.