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Stock Market & Financial Investment News

News Breaks
May 28, 2014
08:44 EDTIMAXIMAX China valuation higher than initially thought, says MKM Partners
After reevaluating IMAX's sale of a minority interest in IMAX China last month, MKM Partners now believes that IMAX China is being valued at a premium closer to 4-5 turns higher than the company's overall valuation, versus earlier estimates of in-line to just under a 1-turn premium. The firm now thinks the company may spin off the subsidiary in an IPO within the next 24-36 months. It keeps a $36 price target and Buy rating on the shares.
News For IMAX From The Last 14 Days
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February 26, 2015
12:08 EDTIMAXIMAX management to meet with MKM Partners
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February 19, 2015
12:58 EDTIMAXIMAX price target raised to $43.50 from $39 at B. Riley
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07:11 EDTIMAXIMAX recognizes 57 installations in Q4
In the fourth quarter of 2014, the company signed contracts for 16 theater systems, of which 3 were upgrades, bringing total singings for 2014 to 118, of which 14 were upgrades. The Company also installed 57 theater systems in the quarter, of which 2 were upgrades of existing theater locations, bringing the full year installation total to 121 theater systems, of which 8 were upgrades. The total IMAX theater network consisted of 934 systems as of December 31, 2014, of which 809 were in commercial multiplexes. IMAX signed contracts for 118 theaters in 2014, across 28 countries, resulting in 397 theater systems in backlog as of December 31, 2014, compared to 407 theater systems in backlog as of December 31, 2013.
07:10 EDTIMAXIMAX reports Q4 adjusted EPS 34c, consensus 30c
Reports Q4 revenue $102.46M, consensus $95.28M. Reports Q4 global per screen average of $292K.
February 17, 2015
10:00 EDTIMAXOn The Fly: Analyst Downgrade Summary
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08:22 EDTIMAXIMAX downgraded to Hold from at Canaccord
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06:55 EDTIMAXIMAX volatility elevated into Q4 and outlook
IMAX February call option implied volatility is at 67, March is 32, June is at is at 27; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on February 19.
06:37 EDTIMAXIMAX downgraded to Hold from Buy at Canaccord

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