Cineplex (TSE:CGX) will be announcing its earnings results before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of C$0.31 per share for the quarter.
Cineplex (TSE:CGX) last released its quarterly earnings data on Thursday, May 9th. The company reported C($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.04) by C($0.08). The company had revenue of C$364.94 million during the quarter, compared to the consensus estimate of C$363.75 million.
TSE CGX opened at C$23.40 on Wednesday. The company has a debt-to-equity ratio of 318.99, a quick ratio of 0.27 and a current ratio of 0.37. Cineplex has a twelve month low of C$22.34 and a twelve month high of C$36.65. The firm has a market cap of $1.50 billion and a P/E ratio of 27.21. The firm’s fifty day moving average price is C$23.44.
The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were issued a dividend of $0.15 per share. This is an increase from Cineplex’s previous monthly dividend of $0.15. The ex-dividend date was Thursday, June 27th. This represents a $1.80 annualized dividend and a dividend yield of 7.69%. Cineplex’s dividend payout ratio (DPR) is 201.74%.
Several equities research analysts recently weighed in on CGX shares. Raymond James set a C$31.00 price objective on Cineplex and gave the company an “outperform” rating in a report on Tuesday, June 25th. National Bank Financial raised Cineplex from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$27.00 to C$28.00 in a report on Thursday, June 6th. CIBC cut their price objective on Cineplex from C$30.00 to C$27.50 in a report on Friday, May 3rd. TD Securities cut their price objective on Cineplex from C$35.00 to C$33.00 and set a “buy” rating on the stock in a report on Monday, May 13th. Finally, Echelon Wealth Partners reissued a “buy” rating on shares of Cineplex in a report on Tuesday, April 30th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Cineplex currently has a consensus rating of “Buy” and an average price target of C$31.07.
Cineplex Inc, through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce.
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