Cineplex (CGX) Scheduled to Post Quarterly Earnings on Thursday

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

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

Cineplex Price Performance

Shares of TSE CGX opened at C$9.05 on Tuesday. 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. The stock has a fifty day simple moving average of C$7.83 and a two-hundred day simple moving average of C$8.16. Cineplex has a 1-year low of C$7.14 and a 1-year high of C$10.26. The firm has a market cap of C$576.30 million, a price-to-earnings ratio of 5.06, a price-to-earnings-growth ratio of 0.30 and a beta of 2.84.

Analyst Upgrades and Downgrades

CGX has been the topic of several recent research reports. BMO Capital Markets upped their price objective 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. Scotiabank increased their price target on shares of Cineplex from C$11.00 to C$11.25 and gave the stock an “outperform” rating in a report on Friday, March 8th. Royal Bank of Canada reduced their price objective on shares of 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 reduced their price target on shares of Cineplex from C$13.75 to C$13.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Finally, National Bankshares lowered their price objective on Cineplex from C$13.50 to C$12.50 and set an “outperform” rating on the stock in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$12.88.

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 on Wednesday, February 28th. The shares were acquired at an average cost of C$7.92 per share, with a total value of C$25,344.00. In related news, Senior Officer Gordon Nelson bought 10,000 shares of the business’s stock in a transaction that occurred on 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. Also, Senior Officer Kevin David Watts purchased 3,200 shares of Cineplex stock in a transaction on Wednesday, February 28th. The stock was bought at an average price of C$7.92 per share, for a total transaction of C$25,344.00. Insiders bought a total of 14,500 shares of company stock valued at $109,911 over the last three months. Corporate insiders own 1.52% of the company’s stock.

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.