Albertsons Companies (NYSE:ACI) Announces Earnings Results

Albertsons Companies (NYSE:ACI) announced its quarterly earnings results on Wednesday. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04, Zacks reports. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%.

Albertsons Companies Stock Performance

Shares of ACI opened at $19.69 on Wednesday. Albertsons Companies has a 12-month low of $17.00 and a 12-month high of $23.47. The company has a market cap of $11.41 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.58. The stock has a 50-day moving average price of $19.26 and a 200-day moving average price of $19.31.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were paid a $0.12 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.48 dividend on an annualized basis and a yield of 2.44%. Albertsons Companies’s dividend payout ratio is currently 28.07%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Bank of America started coverage on Albertsons Companies in a research report on Friday, December 13th. They set a “neutral” rating and a $22.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 target price on shares of Albertsons Companies in a research report on Tuesday. Tigress Financial reaffirmed a “buy” rating and set a $27.00 price target on shares of Albertsons Companies in a research report on Monday, October 21st. Telsey Advisory Group upgraded shares of Albertsons Companies from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $21.00 to $26.00 in a report on Tuesday, December 17th. Finally, Melius Research upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Monday, October 21st. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.75.

Albertsons Companies Company Profile

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.