Ingles Markets (NASDAQ:IMKTA) Issues Earnings Results

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

Ingles Markets Trading Down 1.4 %

Shares of NASDAQ:IMKTA opened at $65.32 on Friday. The business’s 50 day moving average price is $68.65 and its 200-day moving average price is $70.37. Ingles Markets has a 1 year low of $59.73 and a 1 year high of $89.59. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 7.78 and a beta of 0.73. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.99 and a quick ratio of 1.49.

Ingles Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 10th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Thursday, October 10th. Ingles Markets’s payout ratio is 7.86%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Ingles Markets from a “buy” rating to a “hold” rating in a research report 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.