Ignite Restaurant Group Inc (NASDAQ:IRG) declared on Wednesday that its fourth-quarter net loss of $7.6M or $0.30 a share, more than $1.0M or $0.05 a share in the similar quarter previous year.
Adjusted net loss for the newest Q4 was $3.9M or $0.15 a share. On average, six analysts polled by Thomson Reuters anticipated the firm to declare a loss of $0.14 a share. Analysts’ anticipates typically exclude special items.
Revenues for the quarter were $112.60M, in contrast to $101.39M in the year-before quarter, while six analysts anticipated revenues of $112.51M for the quarter.
Ignite Restaurant Group Inc (NASDAQ:IRG) stock hit highest price at $16.48, beginning with a price of $16.13 and reported increased +0.62% to the closed at $16.23 with day range of $15.97-$16.48. The total market capitalization remained $416.07 million, total volume held in the session was 84,396 shares surprisingly lower than its average volume of 131,368 shares.
To check the Stocks ups and downs, IRG last week stock price volatility remained 3.16% and month was at 4.00%. IRG generated revenue of 453.84 million in the following twelve months income of $10.87 million. The Company showed a positive 2.40% in the net profit margin and in addition to in its operating margin which remained 5.09%.
The IRG past twelve months price to sales ratio was 0.92 and price to cash ratio remained 8.45. As far as if notice on other major contributors of similar sectors have sale ratio and price to cash ratio remained McDonald’s Corporation (NYSE:MCD)’s P/S 3.59% P/C 42.40%, Krispy Kreme Doughnuts (NYSE:KKD)’s P/S 2.34% P/C 19.68%, Yum! Brands, Inc. (NYSE:YUM)’s P/S 2.30% P/C 40.34%, Darden Restaurants, Inc. (NYSE:DRI)’s P/S 0.77% P/C 102.69%.
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