Cineplex (CGX) Set to Announce Quarterly Earnings on Friday

Cineplex (TSE:CGX) is set to release its earnings data before the market opens on Friday, February 15th. Analysts expect Cineplex to post earnings of C$0.51 per share for the quarter.

Cineplex (TSE:CGX) last posted its earnings results on Wednesday, November 14th. The company reported C$0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.30 by C($0.14). The company had revenue of C$386.72 million for the quarter, compared to the consensus estimate of C$405.60 million.

CGX opened at C$27.01 on Thursday. The firm has a market cap of $1.70 billion and a P/E ratio of 21.73. Cineplex has a fifty-two week low of C$22.88 and a fifty-two week high of C$36.65. The company has a debt-to-equity ratio of 91.04, a current ratio of 0.40 and a quick ratio of 0.28.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, January 31st. Shareholders of record on Monday, December 31st were paid a $0.145 dividend. The ex-dividend date of this dividend was Friday, December 28th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 6.44%. Cineplex’s payout ratio is currently 137.39%.

A number of equities analysts have commented on the stock. Raymond James set a C$34.00 price objective on shares of Cineplex and gave the stock an “outperform” rating in a research note on Monday. CIBC dropped their price objective on shares of Cineplex from C$36.00 to C$33.00 in a research note on Thursday, November 15th. National Bank Financial cut shares of Cineplex from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$36.00 to C$30.00 in a research note on Thursday, November 15th. Finally, Royal Bank of Canada dropped their price objective on shares of Cineplex from C$39.00 to C$36.00 and set an “outperform” rating for the company in a research note on Thursday, November 15th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Cineplex presently has a consensus rating of “Buy” and a consensus target price of C$33.88.

In other news, insider Daniel F. Mcgrath bought 4,000 shares of the stock in a transaction dated Tuesday, November 27th. The stock was purchased at an average price of C$25.65 per share, for a total transaction of C$102,600.00.

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Cineplex Company Profile

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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Earnings History for Cineplex (TSE:CGX)

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