Ingles Markets (NASDAQ:IMKTA) Announces Quarterly Earnings Results

Ingles Markets (NASDAQ:IMKTA) announced its quarterly earnings results on Friday. The company reported ($0.08) earnings per share (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 Price Performance

Shares of NASDAQ IMKTA opened at $65.32 on Friday. Ingles Markets has a 52 week low of $59.73 and a 52 week high of $89.59. The business’s 50 day moving average price is $68.65 and its 200 day moving average price is $70.37. The company has a quick ratio of 1.49, a current ratio of 2.99 and a debt-to-equity ratio of 0.34. The firm has a market cap of $1.24 billion, a P/E ratio of 7.78 and a beta of 0.73.

Ingles Markets Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Ingles Markets from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th.

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.