Albertsons Companies (NYSE:ACI) Posts Quarterly Earnings Results

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

Albertsons Companies Price Performance

ACI opened at $18.38 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 2.67. Albertsons Companies has a 1 year low of $17.80 and a 1 year high of $23.47. The stock has a fifty day moving average price of $19.16 and a 200 day moving average price of $19.86. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 1.02 and a beta of 0.48.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors 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 dividend yield of 2.61%. Albertsons Companies’s dividend payout ratio is 21.52%.

Analyst Ratings Changes

ACI has been the topic of several research analyst reports. Melius Research began coverage on shares of Albertsons Companies in a research report on Monday, September 23rd. They set a “hold” rating and a $19.00 price objective on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $27.25 price target on shares of Albertsons Companies in a report on Friday, October 11th. Finally, BMO Capital Markets reduced their price objective on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating for the company in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Albertsons Companies currently has a consensus rating of “Moderate Buy” and an average price target 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.