Albertsons Companies (NYSE:ACI) Issues Quarterly Earnings Results

Albertsons Companies (NYSE:ACI) issued its quarterly earnings results on Wednesday. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.64 by $0.07, Briefing.com reports. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. The firm had revenue of $18.77 billion during the quarter, compared to analyst estimates of $18.82 billion. During the same quarter in the prior year, the business posted $0.79 earnings per share. Albertsons Companies’s revenue for the quarter was up 1.2% compared to the same quarter last year. Albertsons Companies updated its FY25 guidance to $2.25-2.31 EPS.

Albertsons Companies Stock Performance

Shares of ACI stock opened at $19.80 on Friday. The firm has a market cap of $11.47 billion, a PE ratio of 11.58, a P/E/G ratio of 1.07 and a beta of 0.51. The company’s fifty day simple moving average is $19.33 and its 200-day simple moving average is $19.31. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.58. Albertsons Companies has a 12 month low of $17.00 and a 12 month high of $23.47.

Albertsons Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Friday, January 24th. This is a boost from Albertsons Companies’s previous quarterly dividend of $0.12. Albertsons Companies’s dividend payout ratio is 28.07%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ACI. Morgan Stanley reduced their target price on shares of Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 11th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 target price on shares of Albertsons Companies in a report on Thursday. Wells Fargo & Company restated a “market perform” rating on shares of Albertsons Companies in a research report on Friday, October 18th. Melius upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, October 21st. Finally, UBS Group decreased their target price on Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.75.

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.