Albertsons Companies (NYSE:ACI) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Albertsons Companies (NYSE:ACI) released its quarterly earnings results on Tuesday. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03, RTT News reports. The business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.47 billion. Albertsons Companies had a net margin of 1.41% and a return on equity of 56.01%. Albertsons Companies’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS.

Albertsons Companies Price Performance

NYSE ACI opened at $18.38 on Thursday. The stock has a 50-day simple moving average of $19.16 and a 200 day simple moving average of $19.86. Albertsons Companies has a twelve month low of $17.80 and a twelve month high of $23.47. The stock has a market capitalization of $10.64 billion, a PE ratio of 8.20, a P/E/G ratio of 1.02 and a beta of 0.48. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.21 and a current ratio of 0.88.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, October 28th will be paid a $0.12 dividend. The ex-dividend date is Monday, October 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.61%. Albertsons Companies’s payout ratio is presently 21.52%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ACI. Telsey Advisory Group restated a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a report on Friday, October 11th. Melius Research began coverage on Albertsons Companies in a report on Monday, September 23rd. They set a “hold” rating and a $19.00 price objective on the stock. Finally, BMO Capital Markets reduced their target price on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating for the company in a report on Wednesday. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.89.

About Albertsons Companies

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.