Albertsons Companies (NYSE:ACI) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Albertsons Companies (NYSE:ACI) announced its quarterly earnings results on Wednesday. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04, Zacks reports. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%.

Albertsons Companies Stock Up 0.5 %

ACI stock opened at $19.69 on Wednesday. The company’s 50 day moving average price is $19.26 and its 200 day moving average price is $19.31. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 1.07 and a beta of 0.51. Albertsons Companies has a fifty-two week low of $17.00 and a fifty-two week high of $23.47. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.22 and a current ratio of 0.90.

Albertsons Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.44%. The ex-dividend date was Monday, October 28th. Albertsons Companies’s payout ratio is presently 28.07%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ACI shares. Tigress Financial restated a “buy” rating and issued a $27.00 price objective on shares of Albertsons Companies in a report on Monday, October 21st. Wells Fargo & Company reissued a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. BMO Capital Markets decreased their price objective on shares of Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a report on Wednesday, October 16th. Morgan Stanley dropped their target price on shares of Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. Finally, Bank of America assumed coverage on Albertsons Companies in a research note on Friday, December 13th. They set a “neutral” rating and a $22.00 price target on the stock. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.75.

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.