National Bank Financial Comments on Cineplex Q4 Earnings

Cineplex Inc. (TSE:CGX) – Equities researchers at National Bank Financial issued their Q4 2024 EPS estimates for shares of Cineplex in a research note issued to investors on Thursday, January 16th. National Bank Financial analyst A. Shine forecasts that the company will earn $0.13 per share for the quarter. The consensus estimate for Cineplex’s current full-year earnings is $1.08 per share. National Bank Financial also issued estimates for Cineplex’s FY2025 earnings at $1.12 EPS.

CGX has been the subject of several other research reports. Canaccord Genuity Group upped their target price on shares of Cineplex from C$11.50 to C$12.00 in a research report on Thursday, October 17th. Canaccord Genuity Group upped their target price on shares of Cineplex from C$11.50 to C$12.50 and gave the stock a “buy” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a hold rating and six 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 a consensus price target of C$18.71.

Cineplex Price Performance

Shares of TSE:CGX opened at C$11.15 on Monday. 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. Cineplex has a fifty-two week low of C$7.10 and a fifty-two week high of C$13.09. The firm has a 50-day simple moving average of C$11.67 and a 200 day simple moving average of C$10.59. The company has a market cap of C$710.03 million, a PE ratio of -9.96, a P/E/G ratio of 0.30 and a beta of 2.74.

Cineplex (TSE:CGX) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.63). During the same quarter last year, the company earned $0.40 EPS.

Insider Transactions at Cineplex

In other news, Director Ellis Jacob sold 29,874 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$10.02, for a total value of C$299,337.48. In the last three months, insiders sold 33,615 shares of company stock valued at $340,197. Company insiders own 1.85% of the company’s stock.

About Cineplex

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance.