Ingles Markets (NASDAQ:IMKTA) Releases Earnings Results

Ingles Markets (NASDAQ:IMKTA) announced its earnings results on Thursday. The company reported $0.87 earnings per share (EPS) for the quarter, Zacks reports. Ingles Markets had a net margin of 1.87% and a return on equity of 6.90%.

Ingles Markets Stock Performance

Shares of NASDAQ:IMKTA traded up $0.21 during midday trading on Thursday, hitting $67.68. The stock had a trading volume of 30,302 shares, compared to its average volume of 107,783. The company has a market capitalization of $1.29 billion, a PE ratio of 12.19 and a beta of 0.75. The stock has a 50 day moving average price of $66.66 and a two-hundred day moving average price of $69.27. The company has a current ratio of 2.89, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. Ingles Markets has a 1 year low of $59.73 and a 1 year high of $82.76.

Ingles Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 9th were given a $0.165 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.66 dividend on an annualized basis and a yield of 0.98%. Ingles Markets’s dividend payout ratio (DPR) is 11.89%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Ingles Markets from a “hold” rating to a “buy” rating in a report on Monday, December 30th.

About Ingles Markets

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.