Ahold (OTCMKTS:ADRNY – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported €0.74 earnings per share for the quarter, topping the consensus estimate of €0.72 by €0.02, Zacks reports. Ahold had a net margin of 2.48% and a return on equity of 16.97%.
Ahold Price Performance
Shares of ADRNY stock traded up €0.07 on Wednesday, hitting €39.73. 11,463 shares of the company’s stock were exchanged, compared to its average volume of 117,610. The company has a 50 day moving average of €40.62 and a 200 day moving average of €43.69. The stock has a market cap of $34.98 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 1.89 and a beta of 0.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.46. Ahold has a 12 month low of €32.25 and a 12 month high of €50.02.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on ADRNY. Royal Bank Of Canada raised shares of Ahold to a “hold” rating in a report on Monday, July 6th. The Goldman Sachs Group cut Ahold from a “strong-buy” rating to a “neutral” rating in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate 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.
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