Albertsons Companies (NYSE:ACI) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Albertsons Companies (NYSE:ACI) announced its quarterly earnings data on Wednesday. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07, Briefing.com reports. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. The firm had revenue of $18.77 billion during the quarter, compared to the consensus estimate of $18.82 billion. During the same quarter last year, the firm earned $0.79 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. Albertsons Companies updated its FY25 guidance to $2.25-2.31 EPS.

Albertsons Companies Price Performance

ACI stock opened at $19.80 on Thursday. The company has a market cap of $11.47 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.58. The stock has a 50-day moving average price of $19.29 and a two-hundred day moving average price of $19.31. Albertsons Companies has a 12-month low of $17.00 and a 12-month high of $23.47.

Albertsons Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.03%. This is a positive change from Albertsons Companies’s previous quarterly dividend of $0.12. Albertsons Companies’s dividend payout ratio (DPR) is 28.07%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Morgan Stanley reduced their price target on Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. BMO Capital Markets decreased their target price on shares of Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 16th. Tigress Financial reaffirmed a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a report on Monday, October 21st. Bank of America started coverage on Albertsons Companies in a research report on Friday, December 13th. They issued a “neutral” rating and a $22.00 price target for the company. Finally, Melius upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Monday, October 21st. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.75.

Albertsons Companies Company Profile

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.