Albertsons Companies (NYSE:ACI) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

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

Albertsons Companies Stock Down 0.9 %

ACI stock 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 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. The business’s fifty day moving average price is $19.16 and its two-hundred day moving average price is $19.86. Albertsons Companies has a fifty-two week low of $17.80 and a fifty-two week high of $23.47.

Albertsons Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

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