FY2017 EPS Estimates for Imvescor Restaurant Group Inc Increased by Cormark (IRG)
Imvescor Restaurant Group Inc (TSE:IRG) – Analysts at Cormark upped their FY2017 EPS estimates for Imvescor Restaurant Group in a research report issued to clients and investors on Friday. Cormark analyst K. Mcphee now anticipates that the company will post earnings per share of $0.22 for the year, up from their prior forecast of $0.21. Cormark also issued estimates for Imvescor Restaurant Group’s FY2018 earnings at $0.25 EPS and FY2019 earnings at $0.27 EPS.
Separately, Acumen Capital reaffirmed a “buy” rating and issued a C$4.20 price objective on shares of Imvescor Restaurant Group in a research report on Tuesday, June 13th.
Imvescor Restaurant Group (TSE IRG) opened at 3.89 on Monday. The stock has a 50 day moving average of $3.48 and a 200 day moving average of $3.57. The company has a market cap of $235.66 million and a PE ratio of 19.16. Imvescor Restaurant Group has a one year low of $3.03 and a one year high of $4.15.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th will be given a $0.023 dividend. This represents a $0.09 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Tuesday, September 19th. This is an increase from Imvescor Restaurant Group’s previous quarterly dividend of $0.02.
Imvescor Restaurant Group Company Profile
Imvescor Restaurant Group Inc is a Canada-based franchise and licensing company. Its operating segments are Franchising, Manufacturing and Corporate. The Franchising segment comprises franchising royalties, supplier contributions and franchise fees from the Company’s franchised restaurant brands, as well as retail royalties from the sales of branded products to retailers.
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