Ingles Markets (NASDAQ:IMKTA - Get Free Report) announced its quarterly earnings data on Thursday, May 8th. The company reported $0.80 earnings per share (EPS) for the quarter, Zacks reports. Ingles Markets had a net margin of 1.45% and a return on equity of 5.09%.
Ingles Markets Trading Up 0.1%
Shares of NASDAQ:IMKTA traded up $0.08 during mid-day trading on Thursday, reaching $61.88. 3,011 shares of the company were exchanged, compared to its average volume of 119,792. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.24 and a quick ratio of 1.45. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 14.95 and a beta of 0.73. The firm's 50-day simple moving average is $62.72 and its 200 day simple moving average is $65.30. Ingles Markets has a 1 year low of $58.92 and a 1 year high of $82.01.
Ingles Markets Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th were paid a $0.165 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $0.66 annualized dividend and a dividend yield of 1.07%. Ingles Markets's dividend payout ratio (DPR) is 20.25%.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Ingles Markets from a "hold" rating to a "buy" rating in a research note on Tuesday, May 6th.
Read Our Latest Analysis on Ingles Markets
About Ingles Markets
(
Get Free Report)
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.
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