Ingles Markets (IMKTA) Earns Daily Coverage Optimism Rating of 0.09

Headlines about Ingles Markets (NASDAQ:IMKTA) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ingles Markets earned a news impact score of 0.09 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.126141113903 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

IMKTA has been the subject of a number of recent analyst reports. TheStreet raised shares of Ingles Markets from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. BidaskClub raised shares of Ingles Markets from a “hold” rating to a “buy” rating in a report on Tuesday, March 6th. Finally, Zacks Investment Research raised shares of Ingles Markets from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Wednesday, February 14th.

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IMKTA opened at $35.35 on Tuesday. Ingles Markets has a fifty-two week low of $20.75 and a fifty-two week high of $47.95. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.81 and a quick ratio of 0.37. The firm has a market capitalization of $685.77, a price-to-earnings ratio of 13.16, a PEG ratio of 3.59 and a beta of 0.57.

Ingles Markets (NASDAQ:IMKTA) last released its quarterly earnings data on Friday, February 9th. The company reported $2.23 earnings per share for the quarter. Ingles Markets had a net margin of 2.11% and a return on equity of 16.66%. The company had revenue of $1.01 billion during the quarter. equities analysts anticipate that Ingles Markets will post 2.95 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Thursday, April 12th will be issued a $0.165 dividend. The ex-dividend date is Wednesday, April 11th. This represents a $0.66 dividend on an annualized basis and a yield of 1.87%. Ingles Markets’s payout ratio is 24.81%.

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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.

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