Cineplex (TSE:CGX) Issues Quarterly Earnings Results

Cineplex (TSE:CGX) posted its earnings results on Monday. The company reported C($0.36) earnings per share for the quarter, FiscalAI reports. Cineplex had a positive return on equity of 49.30% and a negative net margin of 2.84%.The company had revenue of C$290.98 million during the quarter.

Cineplex Price Performance

Cineplex stock opened at C$11.80 on Monday. The company has a debt-to-equity ratio of -2,256.39, a quick ratio of 0.22 and a current ratio of 0.52. Cineplex has a 52 week low of C$9.15 and a 52 week high of C$12.72. The firm has a market cap of C$748.90 million, a P/E ratio of -20.34, a P/E/G ratio of 0.30 and a beta of 0.11. The business’s fifty day moving average is C$10.73 and its two-hundred day moving average is C$10.91.

Analysts Set New Price Targets

CGX has been the topic of several recent analyst reports. Royal Bank Of Canada dropped their price target on Cineplex from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 3rd. TD Securities dropped their price target on Cineplex from C$17.00 to C$16.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. Finally, Canaccord Genuity Group lifted their price target on Cineplex from C$9.00 to C$10.50 and gave the stock a “hold” rating in a research report on Thursday, April 16th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Cineplex presently has an average rating of “Moderate Buy” and a consensus price target of C$13.21.

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. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.