Albertsons Companies (NYSE:ACI) Updates FY 2021 Earnings Guidance

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Albertsons Companies (NYSE:ACI) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.950-2.050 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.950. The company issued revenue guidance of -.

Albertsons Companies stock traded down $0.41 during midday trading on Tuesday, hitting $18.44. The stock had a trading volume of 46,567 shares, compared to its average volume of 2,346,425. The company has a quick ratio of 0.43, a current ratio of 1.13 and a debt-to-equity ratio of 6.06. The business has a fifty day moving average price of $19.03 and a 200 day moving average price of $16.92. Albertsons Companies has a 12 month low of $12.91 and a 12 month high of $20.89.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Sunday, April 25th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.09. The business had revenue of $15.28 billion during the quarter, compared to the consensus estimate of $15.66 billion. Albertsons Companies had a return on equity of 99.45% and a net margin of 1.53%. Albertsons Companies’s quarterly revenue was down 1.0% on a year-over-year basis. On average, sell-side analysts forecast that Albertsons Companies will post 3.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 10th. Shareholders of record on Monday, April 26th will be issued a $0.10 dividend. The ex-dividend date is Friday, April 23rd. This represents a $0.40 annualized dividend and a dividend yield of 2.17%.

ACI has been the topic of several recent analyst reports. Northcoast Research boosted their target price on shares of Albertsons Companies from $20.00 to $21.00 and gave the company a buy rating in a research note on Friday, January 15th. BMO Capital Markets downgraded shares of Albertsons Companies from an outperform rating to a market perform rating and set a $18.00 price target on the stock. in a research note on Tuesday, January 12th. Barclays downgraded shares of Albertsons Companies from an equal weight rating to an underweight rating and set a $17.00 price target on the stock. in a research note on Thursday, January 7th. Wells Fargo & Company cut shares of Albertsons Companies from an overweight rating to an equal weight rating and set a $19.00 price objective for the company. in a report on Wednesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Albertsons Companies from $24.00 to $26.00 and gave the stock a buy rating in a report on Tuesday, April 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. Albertsons Companies presently has a consensus rating of Buy and an average target price of $20.00.

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

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