Ingles Markets (NASDAQ:IMKTA) Issues Quarterly Earnings Results

Ingles Markets (NASDAQ:IMKTA - Get Free Report) issued its quarterly earnings data 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 Up 0.0 %

NASDAQ:IMKTA traded up $0.02 during trading hours on Monday, hitting $64.48. 125,356 shares of the stock traded hands, compared to its average volume of 111,845. The firm has a 50 day moving average price of $66.33 and a 200 day moving average price of $69.06. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 15.57 and a beta of 0.75. Ingles Markets has a fifty-two week low of $59.73 and a fifty-two week high of $82.01. The company has a current ratio of 2.89, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33.

Ingles Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, January 10th. Ingles Markets's payout ratio is 15.94%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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.