Cineplex (TSE:CGX) Issues Quarterly Earnings Results

Cineplex (TSE:CGX) posted its earnings results on Tuesday. The company reported C$0.12 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$383.72 million during the quarter. Cineplex had a positive return on equity of 27.72% and a negative net margin of 1.72%.

Cineplex Price Performance

Cineplex stock opened at C$12.63 on Tuesday. Cineplex has a 12 month low of C$9.15 and a 12 month high of C$13.28. The stock’s 50 day moving average is C$11.86 and its 200-day moving average is C$10.98. The company has a current ratio of 0.37, a quick ratio of 0.22 and a debt-to-equity ratio of -1,703.50. The company has a market capitalization of C$795.73 million, a price-to-earnings ratio of -35.08, a PEG ratio of 0.30 and a beta of 0.36.

Analyst Upgrades and Downgrades

CGX has been the subject of a number of research reports. Canaccord Genuity Group increased their price objective on Cineplex from C$10.50 to C$11.50 and gave the stock a “hold” rating in a report on Tuesday, May 12th. TD Securities upgraded shares of Cineplex to a “strong-buy” rating in a report on Friday, July 24th. Finally, National Bank Financial reduced their target price on shares of Cineplex from C$14.00 to C$13.50 and set an “outperform” rating for the company in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$13.46.

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.