Albertsons Companies (NYSE:ACI) Issues Earnings Results

Albertsons Companies (NYSE:ACI) released its quarterly earnings results on Tuesday. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03, RTT News reports. The business had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.47 billion. Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 earnings per share.

Albertsons Companies Price Performance

Albertsons Companies stock opened at $18.29 on Thursday. The firm’s 50-day simple moving average is $19.16 and its 200 day simple moving average is $19.86. The firm has a market capitalization of $10.59 billion, a PE ratio of 8.20, a P/E/G ratio of 1.02 and a beta of 0.48. Albertsons Companies has a 52 week low of $17.80 and a 52 week high of $23.47. The company has a quick ratio of 0.21, a current ratio of 0.88 and a debt-to-equity ratio of 2.67.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, October 28th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Monday, October 28th. Albertsons Companies’s dividend payout ratio (DPR) is presently 21.52%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ACI. Telsey Advisory Group restated a “market perform” rating and issued a $27.25 target price on shares of Albertsons Companies in a research note on Friday, October 11th. Melius Research initiated coverage on Albertsons Companies in a report on Monday, September 23rd. They issued a “hold” rating and a $19.00 price objective on the stock. Finally, BMO Capital Markets cut their target price on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating for the company in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Albertsons Companies has a consensus 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.