Albertsons Companies (NYSE:ACI) Issues Earnings Results, Beats Estimates By $0.24 EPS

Albertsons Companies (NYSE:ACI) announced its quarterly earnings results on Monday. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.24, MarketWatch Earnings reports. The firm had revenue of $15.41 billion for the quarter, compared to the consensus estimate of $15.32 billion. Albertsons Companies’s revenue was up 9.3% compared to the same quarter last year.

ACI opened at $17.12 on Thursday. The stock’s fifty day moving average is $15.98 and its two-hundred day moving average is $15.02. Albertsons Companies has a 52 week low of $12.91 and a 52 week high of $18.25. The company has a debt-to-equity ratio of 5.63, a quick ratio of 0.49 and a current ratio of 1.13.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 10th. Shareholders of record on Tuesday, January 26th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, January 25th. This represents a $0.40 annualized dividend and a yield of 2.34%.

A number of brokerages recently commented on ACI. BMO Capital Markets lowered Albertsons Companies from an “outperform” rating to a “market perform” rating and set a $18.00 price target for the company. in a research note on Tuesday. Barclays lowered Albertsons Companies from an “equal weight” rating to an “underweight” rating and set a $17.00 price target for the company. in a research note on Thursday, January 7th. Deutsche Bank Aktiengesellschaft raised their price objective on Albertsons Companies from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, January 6th. ValuEngine lowered Albertsons Companies from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 1st. Finally, Morgan Stanley raised their price objective on Albertsons Companies from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $19.59.

Albertsons Companies Company Profile

Albertsons Companies, Inc, through its subsidiaries, operates as a food and drug retailer in the United States. Its food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. As of February 29, 2020, the company operated 2,252 stores under various banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Market Street, Pavilions, Star Market, Carrs, and Haggen; and 1,726 pharmacies, 1,290 in-store branded coffee shops, and 402 adjacent fuel centers.

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