Ingles Markets Inc (NASDAQ: IMKTA) has reported E.P.S. of $1.68 for its second fiscal quarter (ending March 31) versus $2.13 for the same period a year ago — a decline of -21%. E.P.S. were $9.27 for the latest four quarters through March 31 versus $13.05 for the same period a year ago — a decline of -29%.
Recent Price Action
On 5/9/24, Ingles Markets Inc (NASDAQ: IMKTA) stock declined by -2.1%, closing at $70.97. Moreover, exceptionally high trading volume at 232% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -1.4% 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 a Value Builder.
Ingles Markets has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Ingles Markets has a very high Appreciation Score of 89 but a slightly negative Power Rating of 37, with the Positive Value Trend Rating the result.
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.
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