Albertsons Companies (NYSE:ACI) Releases Earnings Results, Beats Expectations By $0.20 EPS

Albertsons Companies (NYSE:ACI) issued its earnings results on Tuesday. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.20, Briefing.com reports. The business had revenue of $16.73 billion for the quarter, compared to analyst estimates of $16.04 billion. Albertsons Companies had a net margin of 1.45% and a return on equity of 92.76%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.63 EPS. Albertsons Companies updated its FY22 guidance to $2.90-2.95 EPS.

Shares of NYSE:ACI opened at $29.63 on Thursday. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.54 and a current ratio of 1.12. The company has a market cap of $13.84 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 1.39 and a beta of -0.20. Albertsons Companies has a 52 week low of $15.97 and a 52 week high of $37.85. The firm has a 50 day simple moving average of $32.50 and a 200 day simple moving average of $28.88.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 10th. Investors of record on Wednesday, January 26th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, January 25th. This represents a $0.48 annualized dividend and a dividend yield of 1.62%. Albertsons Companies’s dividend payout ratio (DPR) is presently 42.48%.

A number of brokerages have recently issued reports on ACI. BMO Capital Markets lowered shares of Albertsons Companies from a “market perform” rating to an “underperform” rating and upped their target price for the company from $22.00 to $26.00 in a research note on Tuesday, October 5th. Morgan Stanley upped their target price on shares of Albertsons Companies from $24.00 to $26.00 and gave the stock an “underweight” rating in a research report on Wednesday. MKM Partners upped their target price on shares of Albertsons Companies from $27.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 19th. UBS Group decreased their target price on shares of Albertsons Companies from $33.00 to $31.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Albertsons Companies from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, October 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.56.

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. As of February 27, 2021, it operated 2,277 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and 1,727 pharmacies, 1,313 in-store branded coffee shops, 400 adjacent fuel centers, 22 distribution centers, and 20 manufacturing facilities, as well as various digital platforms.

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Earnings History for Albertsons Companies (NYSE:ACI)

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