Albertsons Companies (NYSE:ACI) Issues Earnings Results

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

Albertsons Companies Trading Down 0.9 %

NYSE:ACI opened at $18.29 on Thursday. Albertsons Companies has a 52 week low of $17.80 and a 52 week high of $23.47. The firm has a 50 day moving average of $19.16 and a 200 day moving average of $19.86. The company has a quick ratio of 0.21, a current ratio of 0.88 and a debt-to-equity ratio of 2.67. The stock has a market capitalization of $10.59 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 1.02 and a beta of 0.48.

Albertsons Companies Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.62%. Albertsons Companies’s dividend payout ratio is presently 21.52%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ACI shares. 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 started coverage on shares of Albertsons Companies in a research note on Monday, September 23rd. They set a “hold” rating and a $19.00 price objective on the stock. Finally, BMO Capital Markets dropped their price objective on shares of Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.