Albertsons Companies, Inc. (NYSE:ACI – Get Free Report) has received a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $24.45.
Separately, Telsey Advisory Group restated a “market perform” rating and set a $27.25 price target on shares of Albertsons Companies in a research note on Thursday, July 18th.
Get Our Latest Analysis on Albertsons Companies
Institutional Trading of Albertsons Companies
Albertsons Companies Price Performance
Shares of NYSE:ACI opened at $20.91 on Monday. The firm has a market capitalization of $12.11 billion, a PE ratio of 9.38, a PEG ratio of 1.09 and a beta of 0.49. The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 2.67. Albertsons Companies has a 1-year low of $19.25 and a 1-year high of $23.88. The business’s 50 day moving average is $19.90 and its 200-day moving average is $20.45.
Albertsons Companies (NYSE:ACI – Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $24.27 billion for the quarter, compared to analyst estimates of $24.16 billion. Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. Sell-side analysts predict that Albertsons Companies will post 2.26 earnings per share for the current year.
Albertsons Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a $0.12 dividend. The ex-dividend date was Friday, July 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.30%. Albertsons Companies’s dividend payout ratio (DPR) is currently 21.52%.
About Albertsons Companies
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.
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