For its fourth fiscal quarter (ending September 30), Ingles Markets Inc (NASDAQ: IMKTA) has reported a -25% decline in E.P.S. from $3.69 a year ago to $2.77 in the current quarter. E.P.S. were $11.10 for the latest four quarters through September 30 versus $14.36 for the same period a year ago — a decline of -23%.
Recent Price Action
On 11/29/23, Ingles Markets Inc (NASDAQ: IMKTA) stock rose modestly by 0.9%, closing at $80.91. However, trading volume in this advance was below average at 79% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, IMKTA is expected to continue to be an important Value Builder.
Ingles Markets has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Ingles Markets has a very high Appreciation Score of 86 but a neutral Power Rating of 48, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment