Indigo Books & Music Inc. Forecasted to Post FY2018 Earnings of $1.03 Per Share (IDG)

Indigo Books & Music Inc. (TSE:IDG) – Equities research analysts at Cormark increased their FY2018 earnings per share (EPS) estimates for Indigo Books & Music in a research note issued on Thursday. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings of $1.03 per share for the year, up from their previous estimate of $1.01. Cormark also issued estimates for Indigo Books & Music’s FY2019 earnings at $1.28 EPS.

Indigo Books & Music (TSE IDG) opened at C$18.77 on Monday. The stock has a market cap of $507.53, a PE ratio of 21.33 and a beta of 0.27. Indigo Books & Music has a 1 year low of C$15.00 and a 1 year high of C$19.27.

In related news, insider Gerald Wilfred Schwartz acquired 8,300 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were bought at an average price of C$18.76 per share, with a total value of C$155,708.00. Insiders have bought a total of 93,700 shares of company stock worth $1,764,289 in the last three months.

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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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