Albertsons Companies (NYSE:ACI) Issues Earnings Results

Albertsons Companies (NYSE:ACI) posted its quarterly earnings results on Monday. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.24, MarketWatch Earnings reports. The business had revenue of $15.41 billion for the quarter, compared to the consensus estimate of $15.32 billion. The business’s revenue for the quarter was up 9.3% on a year-over-year basis.

Shares of ACI opened at $17.12 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.49 and a debt-to-equity ratio of 5.63. The stock has a 50-day moving average price of $15.98 and a 200-day moving average price of $15.02. Albertsons Companies has a 12-month low of $12.91 and a 12-month high of $18.25.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 10th. Stockholders of record on Tuesday, January 26th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, January 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.34%.

A number of research firms have issued reports on ACI. Northcoast Research began coverage on Albertsons Companies in a report on Tuesday, October 6th. They set a “buy” rating and a $18.00 price target on the stock. ValuEngine cut Albertsons Companies from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 1st. BMO Capital Markets cut Albertsons Companies from an “outperform” rating to a “market perform” rating and set a $18.00 target price on the stock. in a report on Tuesday. Tigress Financial started coverage on Albertsons Companies in a report on Friday, September 25th. They issued a “buy” rating on the stock. Finally, Morgan Stanley increased their target price on Albertsons Companies from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $19.59.

Albertsons Companies Company Profile

Albertsons Companies, Inc, through its subsidiaries, operates as a food and drug retailer in the United States. Its 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 29, 2020, the company operated 2,252 stores under various banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Market Street, Pavilions, Star Market, Carrs, and Haggen; and 1,726 pharmacies, 1,290 in-store branded coffee shops, and 402 adjacent fuel centers.

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