Cormark Weighs in on Indigo Books & Music Inc.’s FY2018 Earnings (IDG)
Indigo Books & Music Inc. (TSE:IDG) – Analysts at Cormark increased their FY2018 earnings per share (EPS) estimates for shares of Indigo Books & Music in a research report issued on Thursday. Cormark analyst D. Mcfadgen now anticipates that the company will post earnings per share of $1.30 for the year, up from their prior estimate of $1.16. Cormark also issued estimates for Indigo Books & Music’s FY2019 earnings at $1.53 EPS.
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Indigo Books & Music (IDG) traded down 3.12% during trading on Friday, reaching $15.50. 8,300 shares of the company’s stock were exchanged. Indigo Books & Music has a 12 month low of $15.00 and a 12 month high of $19.19. The firm’s 50-day moving average price is $15.74 and its 200-day moving average price is $16.25. The firm has a market cap of $408.46 million and a price-to-earnings ratio of 19.87.
Indigo Books & Music (TSE:IDG) last released its quarterly earnings data on Thursday, June 1st. The company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.31) by $0.02. Indigo Books & Music had a negative return on equity of 9.44% and a negative net margin of 4.23%. The company had revenue of $209.51 million for the quarter.
In other Indigo Books & Music news, insider Kathleen Flynn sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of C$16.00, for a total value of C$80,000.00.
About Indigo Books & Music
Indigo Books & Music Inc is a Canada-based book, gift and toy retailer. The Company operates stores in approximately 10 provinces and a territory in Canada, and offers online sales through its indigo.ca Website. It operates approximately 90 superstores under the banners Chapters and Indigo, and approximately 120 small format stores under the banners Coles, Indigospirit, SmithBooks and The Book Company.
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