Ahold (OTCMKTS:ADRNY) Releases Earnings Results

Ahold (OTCMKTS:ADRNY) issued its quarterly earnings data on Wednesday. The company reported €0.85 EPS for the quarter, topping analysts’ consensus estimates of €0.78 by €0.07, Zacks reports. Ahold had a return on equity of 16.23% and a net margin of 2.25%.

Ahold Stock Up 10.4%

Shares of ADRNY traded up €4.28 during trading on Wednesday, reaching €45.44. The company’s stock had a trading volume of 27,378 shares, compared to its average volume of 68,866. The company has a market cap of $40.55 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 2.34 and a beta of 0.50. The company has a quick ratio of 0.42, a current ratio of 0.70 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average of €40.13 and a two-hundred day moving average of €40.57. Ahold has a twelve month low of €32.25 and a twelve month high of €45.82.

Analyst Ratings Changes

A number of equities analysts have weighed in on ADRNY shares. Kepler Capital Markets upgraded Ahold from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Zacks Research cut shares of Ahold from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Finally, UBS Group upgraded shares of Ahold from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 16th. Three analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ahold currently has an average rating of “Buy”.

About Ahold

Ahold Delhaize (often shortened to Ahold) is an international retail grocery group that operates supermarkets, online grocery platforms and related food retail services. The company’s operations span both brick-and-mortar stores and digital channels, offering a mix of fresh foods, packaged groceries, household goods and private-label products. Its business model combines local store networks with centralized purchasing, distribution and supply-chain capabilities to serve everyday consumer needs.

The firm was formed through the 2016 merger of Koninklijke Ahold and Delhaize Group, creating a combined network of banners and ecommerce platforms across multiple geographies.