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%.
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.
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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.
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