Imax Posts Record 3Q; Imax Box Office Outperforms U.S. Box Office
Imax reported a strong third quarter, handily beating our top-line expectations. The company continues to sign agreements for new theater installations, with 17 added in the third quarter, raising the total for the year to 147. There is no change to our narrow moat rating or our $30 fair value estimate. With shares trading in 4-star territory, the stock may offer an attractive entry point to investors.Total revenue for the third quarter was $99 million, up 17% from the same quarter last year an...
IMAX is an entertainment technology company. Co.'s businesses are: the design and manufacture of theater systems and the sale or contribution of those systems to customers under theater system arrangements; and the Digital Re-Mastering of films into the IMAX format and the exhibition of those films in the IMAX theater network. Co. is also engaged in the production and distribution of original large-format films, the provision of services in support of the IMAX theater network, the provision of post-production services for large-format films, the operation of three IMAX theaters and, from time-to-time the conversion of two-dimensional and three-dimensional Hollywood feature films.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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