Albertsons Companies (NYSE:ACI) Updates FY25 Earnings Guidance

Albertsons Companies (NYSE:ACI) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.25-2.31 for the period, compared to the consensus EPS estimate of $2.27.

Albertsons Companies Stock Performance

NYSE ACI opened at $19.80 on Friday. The company has a market cap 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. Albertsons Companies has a 1-year low of $17.00 and a 1-year high of $23.47. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.90 and a quick ratio of 0.22. The stock has a 50-day moving average of $19.33 and a two-hundred day moving average of $19.31.

Albertsons Companies (NYSE:ACI) last announced its earnings results on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.07. The firm had revenue of $18.77 billion for the quarter, compared to the consensus estimate of $18.82 billion. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 EPS. As a group, analysts anticipate that Albertsons Companies will post 2.13 EPS for the current year.

Albertsons Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be paid a $0.15 dividend. This is a boost from Albertsons Companies’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Friday, January 24th. Albertsons Companies’s dividend payout ratio (DPR) is presently 28.07%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ACI. Morgan Stanley cut their price target on Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. Melius Research raised shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Monday, October 21st. Melius upgraded shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Monday, October 21st. 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 report on Wednesday, October 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price objective on shares of Albertsons Companies in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.75.

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.