Safeway (NYSE:SWY) announced a quarterly dividend on Friday, March 15th. Shareholders of record on Monday, March 25th will be paid a dividend of $0.18 per share on Thursday, April 11th. This represents a $0.70 annualized dividend and a dividend yield of 2.87%.
A number of analysts have recently weighed in on SWY shares. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Safeway in a research note to investors on Friday, March 8th. They now have a $28.00 price target on the stock. On the ratings front, analysts at Telsey Advisory Group raised their price target on shares of Safeway from $22.00 to $24.00 in a research note to investors on Thursday, March 7th. Finally, analysts at JPMorgan Chase reiterated a “neutral” rating on shares of Safeway in a research note to investors on Thursday, March 7th. They now have a $27.00 price target on the stock.
Five equities research analysts have rated the stock with a buy rating, eight have given a hold rating, one has given an underweight rating, and seven have given a sell rating to the stock. Safeway has a consensus rating of “hold” and a consensus price target of $23.12.
Safeway (NYSE: SWY) opened at 24.38 on Friday. Safeway has a 1-year low of $14.73 and a 1-year high of $25.14. The stock’s 50-day moving average is currently $21.60. The company has a market cap of $5.780 billion and a price-to-earnings ratio of 10.16.
Safeway (NYSE: SWY) last released its earnings data on Thursday, February 21st. The company reported $0.94 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.19. The company had revenue of $13.77 billion for the quarter, compared to the consensus estimate of $13.70 billion. During the same quarter last year, the company posted $0.67 earnings per share. Safeway’s revenue was up 1.2% compared to the same quarter last year. Analysts expect that Safeway will post $2.27 EPS for the current fiscal year.
Safeway Inc. (Safeway) is a food and drug retailer in North America. As of December 3 1, 2011, the Company had 1,678 stores.
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