Albertsons Companies (NYSE:ACI) announced its quarterly earnings data on Monday. The company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.24, MarketWatch Earnings reports. The company had revenue of $15.41 billion during the quarter, compared to analyst estimates of $15.32 billion. The firm’s revenue was up 9.3% on a year-over-year basis.
Shares of NYSE ACI traded down $0.03 during mid-day trading on Wednesday, reaching $17.07. The company had a trading volume of 80,339 shares, compared to its average volume of 3,421,689. The company has a debt-to-equity ratio of 5.63, a current ratio of 1.13 and a quick ratio of 0.49. The stock has a 50 day simple moving average of $15.96. Albertsons Companies has a 52-week low of $12.91 and a 52-week high of $18.25.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 10th. Shareholders of record on Tuesday, January 26th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, January 25th.
Albertsons Companies Company Profile
Albertsons Companies, Inc, through its subsidiaries, operates as a food and drug retailer in the United States. Its food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. As of February 29, 2020, the company operated 2,252 stores under various banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Market Street, Pavilions, Star Market, Carrs, and Haggen; and 1,726 pharmacies, 1,290 in-store branded coffee shops, and 402 adjacent fuel centers.
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