Ingles Markets (IMKTA) Announces Earnings Results

Ingles Markets (NASDAQ:IMKTA) released its earnings results on Friday. The company reported $0.91 EPS for the quarter, MarketWatch Earnings reports. Ingles Markets had a return on equity of 16.76% and a net margin of 2.38%.

NASDAQ:IMKTA opened at $28.82 on Friday. The firm has a market cap of $569.28 million, a PE ratio of 10.83, a PEG ratio of 0.92 and a beta of 0.47. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.96 and a quick ratio of 0.50. Ingles Markets has a 52-week low of $26.51 and a 52-week high of $37.65.

A number of equities research analysts have commented on the company. BidaskClub downgraded Ingles Markets from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Zacks Investment Research downgraded Ingles Markets from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2018/12/08/ingles-markets-imkta-announces-earnings-results.html.

Ingles Markets Company Profile

Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States. Its supermarkets offer various food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, such as fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.

Further Reading: Risk Tolerance and Your Investment Decisions

Earnings History for Ingles Markets (NASDAQ:IMKTA)

Receive News & Ratings for Ingles Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingles Markets and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply