Albertsons Companies, Inc. (ACI) to Issue Quarterly Dividend of $0.12 on November 8th

Albertsons Companies, Inc. (NYSE:ACI) announced a quarterly dividend on Tuesday, October 15th, RTT News reports. Investors of record on Monday, October 28th will be given a dividend of 0.12 per share on Friday, November 8th. This represents a $0.48 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Monday, October 28th.

Albertsons Companies has increased its dividend payment by an average of 68.7% per year over the last three years. Albertsons Companies has a dividend payout ratio of 20.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Albertsons Companies to earn $2.33 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 20.6%.

Albertsons Companies Stock Performance

Shares of ACI opened at $18.29 on Thursday. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.88 and a quick ratio of 0.21. The firm has a market cap of $10.59 billion, a PE ratio of 8.20, a PEG ratio of 1.02 and a beta of 0.48. Albertsons Companies has a 1 year low of $17.80 and a 1 year high of $23.47. The stock’s fifty day moving average price is $19.16 and its two-hundred day moving average price is $19.86.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Tuesday, October 15th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.47 billion. Albertsons Companies had a net margin of 1.41% and a return on equity of 56.01%. Albertsons Companies’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 EPS. On average, equities research analysts forecast that Albertsons Companies will post 2.25 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ACI. Telsey Advisory Group reiterated a “market perform” rating and set a $27.25 price objective on shares of Albertsons Companies in a research note on Friday, October 11th. BMO Capital Markets decreased their price target on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a research report on Wednesday. Finally, Melius Research began coverage on shares of Albertsons Companies in a report on Monday, September 23rd. They issued a “hold” rating and a $19.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.89.

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.