Albertsons Companies (NYSE:ACI) Announces Earnings Results

Albertsons Companies (NYSE:ACI) issued its quarterly earnings results on Wednesday. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07, Briefing.com reports. The business had revenue of $18.77 billion for the quarter, compared to the consensus estimate of $18.82 billion. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.79 earnings per share. Albertsons Companies updated its FY25 guidance to $2.25-2.31 EPS.

Albertsons Companies Stock Up 0.4 %

Shares of NYSE:ACI opened at $19.80 on Friday. Albertsons Companies has a 52-week low of $17.00 and a 52-week high of $23.47. The firm has a market capitalization of $11.47 billion, a P/E ratio of 11.58, a P/E/G ratio of 1.07 and a beta of 0.51. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.22 and a current ratio of 0.90. The stock has a 50 day moving average price of $19.33 and a 200-day moving average price of $19.31.

Albertsons Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be given a dividend of $0.15 per share. This is an increase from Albertsons Companies’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Friday, January 24th. Albertsons Companies’s payout ratio is presently 28.07%.

Analysts Set New Price Targets

A number of brokerages have weighed in on ACI. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 target price on shares of Albertsons Companies in a research report on Tuesday. BMO Capital Markets reduced their price target on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 16th. Melius Research upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Monday, October 21st. UBS Group reduced their target price on Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Finally, Morgan Stanley dropped their price target on shares of Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 11th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.75.

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.