Ingles Markets, (IMKTA) Receiving Somewhat Positive Press Coverage, Study Shows
Media coverage about Ingles Markets, (NASDAQ:IMKTA) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ingles Markets, earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.9946423947501 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Ingles Markets, (IMKTA) traded down 2.04% during trading on Friday, hitting $26.45. 81,124 shares of the stock were exchanged. The stock has a 50-day moving average of $24.19 and a 200 day moving average of $33.74. The stock has a market cap of $535.85 million, a P/E ratio of 11.02 and a beta of 0.69. Ingles Markets, has a 12-month low of $20.75 and a 12-month high of $52.40.
Ingles Markets, (NASDAQ:IMKTA) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.57 earnings per share for the quarter. The business had revenue of $984.40 million during the quarter. Ingles Markets, had a net margin of 1.26% and a return on equity of 10.08%. Equities analysts predict that Ingles Markets, will post $2.75 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Thursday, October 12th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Wednesday, October 11th. Ingles Markets,’s payout ratio is currently 27.50%.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Ingles Markets, from a “strong sell” rating to a “hold” rating in a report on Wednesday. TheStreet downgraded shares of Ingles Markets, from a “b” rating to a “c+” rating in a report on Thursday, June 15th.
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In related news, Director Sharp Laura Ingle sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $24.97, for a total value of $124,850.00. Following the completion of the sale, the director now owns 2,500 shares of the company’s stock, valued at $62,425. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 30.30% of the company’s stock.
About Ingles Markets,
Ingles Markets, Incorporated (Ingles) is a supermarket chain in the southeast United States. The Company’s segments include retail grocery and other. Its other segment consists of fluid dairy operations and shopping center rentals. As of September 24, 2016, the Company operated 201 supermarkets in Georgia, North Carolina, South Carolina, Tennessee, Virginia and Alabama.
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