Albertsons Companies (NYSE:ACI) Issues 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 $19.69 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.58. The stock has a market cap of $11.41 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. Albertsons Companies has a fifty-two week low of $17.00 and a fifty-two week high of $23.47. The business has a fifty day moving average of $19.26 and a 200-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, beating the consensus estimate of $0.64 by $0.07. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. The firm had revenue of $18.77 billion during the quarter, compared to the consensus estimate of $18.82 billion. During the same quarter in the previous year, the company posted $0.79 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, analysts predict that Albertsons Companies will post 2.13 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.05%. This is a positive change from Albertsons Companies’s previous quarterly dividend of $0.12. Albertsons Companies’s dividend payout ratio (DPR) is 28.07%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Telsey Advisory Group upgraded Albertsons Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $21.00 to $26.00 in a report on Tuesday, December 17th. Bank of America assumed coverage on Albertsons Companies in a research note on Friday, December 13th. They issued a “neutral” rating and a $22.00 target price for the company. Wells Fargo & Company reissued a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. Melius Research raised shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Monday, October 21st. Finally, Tigress Financial reiterated a “buy” rating and set a $27.00 price objective on shares of Albertsons Companies in a report on Monday, October 21st. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.