Albertsons Companies (NYSE:ACI – Get Free Report) posted its earnings results on Tuesday. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03, RTT News reports. Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%. The company had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis.
Albertsons Companies Trading Down 0.4 %
Shares of NYSE:ACI traded down $0.07 during midday trading on Thursday, reaching $18.24. The company’s stock had a trading volume of 356,679 shares, compared to its average volume of 3,010,502. Albertsons Companies has a fifty-two week low of $17.80 and a fifty-two week high of $23.47. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.21 and a current ratio of 0.88. The firm has a 50 day moving average price of $19.16 and a two-hundred day moving average price of $19.86. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 1.02 and a beta of 0.48.
Albertsons Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, October 28th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, October 28th. This represents a $0.48 dividend on an annualized basis and a yield of 2.63%. Albertsons Companies’s dividend payout ratio (DPR) is currently 21.52%.
Analysts Set New Price Targets
View Our Latest Stock Report on ACI
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.
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