Albertsons Companies, Inc. (NYSE:ACI) Announces Quarterly Dividend of $0.12

Albertsons Companies, Inc. (NYSE:ACI) announced a quarterly dividend on Tuesday, October 15th, RTT News reports. Shareholders 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 annualized dividend and a yield of 2.63%.

Albertsons Companies has raised 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% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Albertsons Companies stock opened at $18.27 on Tuesday. The firm has a market capitalization of $10.58 billion, a PE ratio of 8.19, 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 firm’s 50-day simple moving average is $19.20 and its 200 day simple moving average is $19.89. 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 (NYSE:ACI) last announced its earnings results on Tuesday, July 23rd. The company reported $0.66 earnings per share (EPS) 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 business’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS. On average, equities research analysts predict that Albertsons Companies will post 2.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ACI has been the topic of a number of analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a report on Friday. Melius Research initiated coverage on Albertsons Companies in a research report on Monday, September 23rd. They issued a “hold” rating and a $19.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Albertsons Companies has an average rating of “Moderate Buy” and a consensus price target of $23.54.

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.