Cineplex (CGX) Scheduled to Post Earnings on Thursday

Cineplex (TSE:CGX) is scheduled to release its earnings data after the market closes on Thursday, February 22nd. Analysts expect Cineplex to post earnings of C$0.51 per share for the quarter.

Cineplex (TSE CGX) opened at C$32.27 on Thursday. The company has a market capitalization of $2,100.00, a PE ratio of 31.33 and a beta of 0.25. Cineplex has a twelve month low of C$29.25 and a twelve month high of C$54.81.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, January 31st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.68 annualized dividend and a dividend yield of 5.21%. Cineplex’s dividend payout ratio is currently 159.71%.

In other Cineplex news, insider Lorraine Marie Legault purchased 1,625 shares of Cineplex stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average price of C$39.82 per share, for a total transaction of C$64,707.50.

Several research firms have recently commented on CGX. National Bank Financial decreased their price objective on Cineplex from C$42.00 to C$40.50 and set a “sector perform” rating on the stock in a report on Wednesday, November 8th. TD Securities decreased their price objective on Cineplex from C$47.00 to C$40.00 and set a “buy” rating on the stock in a report on Wednesday, January 10th. BMO Capital Markets downgraded Cineplex from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$44.00 to C$37.00 in a report on Monday, January 15th. Finally, Scotiabank decreased their price objective on Cineplex from C$46.00 to C$45.00 and set an “outperform” rating on the stock in a report on Wednesday, January 10th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Cineplex presently has a consensus rating of “Buy” and a consensus target price of C$44.31.

COPYRIGHT VIOLATION NOTICE: “Cineplex (CGX) Scheduled to Post Earnings on Thursday” was first reported by Markets Daily and is the sole property of of Markets Daily. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.themarketsdaily.com/2018/02/15/cineplex-cgx-scheduled-to-post-earnings-on-thursday.html.

About Cineplex

Cineplex Inc (Cineplex) is a Canada-based film exhibition company. The Company’s segments include Exhibition and Media. The Exhibition segment includes all direct and ancillary revenues from theatre attendance, including box office and food service revenues. The Exhibition segment also includes amusement gaming and leisure, theatre rentals and digital commerce rental and sales.

Earnings History for Cineplex (TSE:CGX)

Receive News & Ratings for Cineplex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cineplex and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply