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

Albertsons Companies (NYSE:ACI) posted its quarterly earnings data on Monday. The company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.20, Briefing.com reports. Albertsons Companies had a net margin of 1.45% and a return on equity of 92.76%. The company had revenue of $16.73 billion during the quarter, compared to analyst estimates of $16.04 billion. During the same quarter last year, the business posted $0.63 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis.

Shares of NYSE:ACI opened at $29.63 on Thursday. The firm has a 50 day moving average of $32.50 and a 200-day moving average of $28.88. The stock has a market capitalization of $13.84 billion, a PE ratio of 26.22, a PEG ratio of 1.39 and a beta of -0.20. Albertsons Companies has a 12 month low of $15.97 and a 12 month high of $37.85. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 3.43.

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

Several analysts have recently commented on the stock. Citigroup cut shares of Albertsons Companies from a “buy” rating to a “neutral” rating and increased their price target for the company from $30.00 to $32.00 in a research note on Tuesday, October 19th. UBS Group reduced their price objective on shares of Albertsons Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Wednesday. MKM Partners raised their price objective on shares of Albertsons Companies from $27.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, October 19th. Royal Bank of Canada raised their price objective on shares of Albertsons Companies from $20.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday, October 19th. Finally, BMO Capital Markets cut shares of Albertsons Companies from a “market perform” rating to an “underperform” rating and raised their price objective for the company from $22.00 to $26.00 in a research note on Tuesday, October 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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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