Ingles Markets (NASDAQ:IMKTA) Posts Earnings Results

Ingles Markets (NASDAQ:IMKTA) announced its earnings results on Friday. The company reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports. Ingles Markets had a return on equity of 10.58% and a net margin of 2.74%.

Ingles Markets Stock Performance

NASDAQ IMKTA traded up $0.26 during trading hours on Friday, hitting $66.52. The company’s stock had a trading volume of 7,127 shares, compared to its average volume of 103,256. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.99 and a quick ratio of 1.49. The company has a market cap of $1.26 billion, a P/E ratio of 7.92 and a beta of 0.73. The company’s 50 day simple moving average is $68.62 and its two-hundred day simple moving average is $70.41. Ingles Markets has a 12 month low of $59.73 and a 12 month high of $89.59.

Ingles Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 10th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Thursday, October 10th. Ingles Markets’s dividend payout ratio is currently 7.86%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Ingles Markets from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th.

Ingles Markets Company Profile

Ingles Markets, Incorporated, together with its subsidiaries, operates a chain of supermarkets in the southeast United States. It offers food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, which include fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.