Albertsons Companies, Inc. (NYSE:ACI) to Issue $0.12 Quarterly Dividend

Albertsons Companies, Inc. (NYSE:ACI) announced a quarterly dividend on Tuesday, October 15th, RTT News reports. Investors of record on Monday, October 28th will be paid a dividend of 0.12 per share on Friday, November 8th. This represents a $0.48 annualized dividend and a yield of 2.60%.

Albertsons Companies has raised its dividend by an average of 68.7% per year over the last three years. Albertsons Companies has a payout ratio of 20.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Albertsons Companies to earn $2.33 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 20.6%.

Albertsons Companies Stock Up 1.0 %

NYSE:ACI opened at $18.45 on Wednesday. Albertsons Companies has a 1-year low of $17.80 and a 1-year high of $23.47. The company has a market capitalization of $10.68 billion, a PE ratio of 8.27, a P/E/G ratio of 1.02 and a beta of 0.48. The firm’s 50-day moving average price is $19.18 and its 200-day moving average price is $19.87. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.88 and a quick ratio of 0.21.

Albertsons Companies (NYSE:ACI) last released its earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.47 billion. Albertsons Companies had a net margin of 1.41% and a return on equity of 56.01%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the business earned $0.60 earnings per share. On average, equities analysts predict that Albertsons Companies will post 2.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Telsey Advisory Group restated a “market perform” rating and set a $27.25 price target on shares of Albertsons Companies in a report on Friday, October 11th. Melius Research began coverage on shares of Albertsons Companies in a research note on Monday, September 23rd. They set a “hold” rating and a $19.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Albertsons Companies currently has a consensus rating of “Moderate Buy” and an average price target of $23.54.

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.