Albertsons Companies (NYSE:ACI) Releases FY 2022 Earnings Guidance

Albertsons Companies (NYSE:ACIGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.80-$2.95 for the period, compared to the consensus estimate of $2.85. The company issued revenue guidance of -.

Albertsons Companies Stock Up 0.9 %

Shares of ACI stock traded up $0.25 during trading on Friday, reaching $27.05. The company’s stock had a trading volume of 2,781,073 shares, compared to its average volume of 2,875,591. The business has a fifty day moving average price of $27.91 and a 200-day moving average price of $30.14. The company has a quick ratio of 0.52, a current ratio of 1.10 and a debt-to-equity ratio of 1.75. The company has a market cap of $14.39 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 1.68 and a beta of 0.45. Albertsons Companies has a one year low of $23.14 and a one year high of $37.99.

Albertsons Companies (NYSE:ACIGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $23.31 billion for the quarter, compared to analyst estimates of $22.77 billion. Albertsons Companies had a net margin of 2.24% and a return on equity of 63.97%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Analysts anticipate that Albertsons Companies will post 2.74 earnings per share for the current year.

Albertsons Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 10th. Shareholders of record on Tuesday, July 26th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.77%. The ex-dividend date is Monday, July 25th. Albertsons Companies’s dividend payout ratio (DPR) is currently 16.61%.

Analyst Upgrades and Downgrades

ACI has been the topic of several analyst reports. The Goldman Sachs Group upped their price target on shares of Albertsons Companies from $28.00 to $32.00 and gave the stock a neutral rating in a research report on Wednesday, April 13th. UBS Group dropped their price target on shares of Albertsons Companies from $37.00 to $29.00 and set a neutral rating on the stock in a research report on Wednesday, July 27th. Guggenheim upped their price target on shares of Albertsons Companies from $34.00 to $37.00 and gave the stock a buy rating in a research report on Wednesday, April 13th. Morgan Stanley upped their price target on shares of Albertsons Companies from $26.00 to $28.00 and gave the stock an underweight rating in a research report on Wednesday, April 13th. Finally, BMO Capital Markets dropped their price target on shares of Albertsons Companies from $26.00 to $24.00 in a research report on Friday, July 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, Albertsons Companies currently has an average rating of Hold and a consensus target price of $31.64.

Insider Buying and Selling

In other Albertsons Companies news, EVP Evan Rainwater sold 25,242 shares of the company’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $27.38, for a total transaction of $691,125.96. Following the sale, the executive vice president now owns 19,691 shares of the company’s stock, valued at $539,139.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Albertsons Companies news, EVP Evan Rainwater sold 25,242 shares of the company’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $27.38, for a total transaction of $691,125.96. Following the sale, the executive vice president now owns 19,691 shares of the company’s stock, valued at $539,139.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Robert Bruce Larson sold 35,000 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $26.79, for a total transaction of $937,650.00. Following the sale, the chief accounting officer now directly owns 80,241 shares in the company, valued at approximately $2,149,656.39. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Albertsons Companies

Institutional investors have recently made changes to their positions in the stock. Utah Retirement Systems increased its stake in Albertsons Companies by 256.8% in the 1st quarter. Utah Retirement Systems now owns 28,900 shares of the company’s stock valued at $961,000 after buying an additional 20,800 shares during the last quarter. Graham Capital Management L.P. increased its stake in Albertsons Companies by 29.0% in the 1st quarter. Graham Capital Management L.P. now owns 27,920 shares of the company’s stock valued at $928,000 after buying an additional 6,271 shares during the last quarter. Echo Street Capital Management LLC purchased a new stake in Albertsons Companies in the 1st quarter valued at about $687,000. Citigroup Inc. increased its stake in Albertsons Companies by 18.1% in the 1st quarter. Citigroup Inc. now owns 20,486 shares of the company’s stock valued at $681,000 after buying an additional 3,145 shares during the last quarter. Finally, Synovus Financial Corp increased its stake in Albertsons Companies by 10.8% in the 1st quarter. Synovus Financial Corp now owns 12,495 shares of the company’s stock valued at $413,000 after buying an additional 1,214 shares during the last quarter. Institutional investors and hedge funds own 62.12% of the company’s stock.

About Albertsons Companies

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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.

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Earnings History and Estimates for Albertsons Companies (NYSE:ACI)

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