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

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

Albertsons Companies Stock Performance

Shares of 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 cap of $10.59 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 1.02 and a beta of 0.48. The stock has a 50-day moving average of $19.16 and a 200-day moving average of $19.86. Albertsons Companies has a one year low of $17.80 and a one year 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 issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.48 annualized dividend and a yield of 2.62%. Albertsons Companies’s dividend payout ratio is currently 21.52%.

Analyst Ratings Changes

ACI has been the topic of a number of recent research reports. Telsey Advisory Group reiterated a “market perform” rating and set a $27.25 price target on shares of Albertsons Companies in a research note on Friday, October 11th. Melius Research initiated coverage on shares of Albertsons Companies in a research note on Monday, September 23rd. They set a “hold” rating and a $19.00 price target on the stock. Finally, BMO Capital Markets decreased their price target 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.89.

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.