Ingles Markets (NASDAQ:IMKTA) Issues Earnings Results

Ingles Markets (NASDAQ:IMKTA) posted its earnings results on Thursday. The company reported $0.87 EPS for the quarter, Zacks reports. Ingles Markets had a return on equity of 5.11% and a net margin of 1.45%.

Ingles Markets Stock Down 3.0 %

IMKTA opened at $64.46 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.45 and a current ratio of 2.89. The company has a market capitalization of $1.22 billion, a PE ratio of 15.57 and a beta of 0.75. The stock’s fifty day moving average is $66.52 and its 200-day moving average is $69.25. Ingles Markets has a one year low of $59.73 and a one year high of $82.76.

Ingles Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Friday, January 10th. Ingles Markets’s dividend payout ratio (DPR) is presently 15.94%.

Analysts Set New Price Targets

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