National Bank Financial Equities Analysts Raise Earnings Estimates for Cineplex Inc. (TSE:CGX)

Cineplex Inc. (TSE:CGX) – Analysts at National Bank Financial raised their FY2024 earnings estimates for Cineplex in a research note issued to investors on Monday, September 30th. National Bank Financial analyst A. Shine now expects that the company will earn $0.42 per share for the year, up from their prior estimate of $0.41. The consensus estimate for Cineplex’s current full-year earnings is $1.07 per share.

Several other analysts have also recently commented on the company. Desjardins raised their price target on Cineplex from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Thursday, August 1st. TD Securities raised their target price on Cineplex from C$14.00 to C$16.00 and gave the company a “buy” rating in a report on Friday, August 16th. Canaccord Genuity Group decreased their target price on shares of Cineplex from C$12.00 to C$11.50 in a research report on Wednesday, September 25th. Scotiabank upped their price target on shares of Cineplex from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada reduced their price objective on shares of Cineplex from C$14.00 to C$13.00 in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Cineplex has an average rating of “Moderate Buy” and an average target price of C$18.64.

Cineplex Price Performance

Shares of TSE:CGX opened at C$10.32 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.36 and a debt-to-equity ratio of 30,533.69. The company has a 50-day moving average price of C$10.28 and a 200 day moving average price of C$8.80. Cineplex has a 52 week low of C$7.10 and a 52 week high of C$11.16. The company has a market cap of C$657.18 million, a P/E ratio of -9.20, a PEG ratio of 0.30 and a beta of 2.75.

Cineplex (TSE:CGX) last issued its earnings results on Friday, August 9th. The company reported C($0.33) earnings per share for the quarter. The firm had revenue of C$277.34 million for the quarter, compared to analyst estimates of C$283.90 million.

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.