Ingles Markets (NASDAQ:IMKTA) Issues Quarterly Earnings Results

Ingles Markets (NASDAQ:IMKTA) issued its quarterly earnings data on Friday. The company reported ($0.08) 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

IMKTA traded down $0.76 during trading hours on Friday, hitting $65.50. 1,883 shares of the stock were exchanged, compared to its average volume of 103,241. 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 has a 12 month low of $59.73 and a 12 month high of $89.59. The stock has a 50-day simple moving average of $68.62 and a 200-day simple moving average of $70.41. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 7.80 and a beta of 0.73.

Ingles Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 10th were given 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 of this dividend was Thursday, October 10th. Ingles Markets’s dividend payout ratio is currently 7.86%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Ingles Markets from a “buy” rating to a “hold” rating in a 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.