Ingles Markets (NASDAQ:IMKTA) Posts Quarterly Earnings Results

Ingles Markets (NASDAQ:IMKTA) released its quarterly earnings data on Thursday. The company reported $0.87 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 Trading Up 0.3 %

Shares of Ingles Markets stock traded up $0.21 during mid-day trading on Thursday, hitting $67.68. 30,302 shares of the stock were exchanged, compared to its average volume of 107,783. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 12.19 and a beta of 0.75. Ingles Markets has a twelve month low of $59.73 and a twelve month high of $82.76. The company has a current ratio of 2.89, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. The company has a 50-day simple moving average of $66.66 and a 200 day simple moving average of $69.27.

Ingles Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders 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 annualized dividend and a dividend yield of 0.98%. Ingles Markets’s dividend payout ratio is currently 11.89%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of 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.