Ahold (OTCMKTS:ADRNY – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported €0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of €0.72 by €0.02, Zacks reports. Ahold had a return on equity of 16.97% and a net margin of 2.48%.
Ahold Stock Up 0.2%
Ahold stock traded up €0.07 during mid-day trading on Wednesday, reaching €39.73. 13,095 shares of the company’s stock were exchanged, compared to its average volume of 117,614. The company has a quick ratio of 0.46, a current ratio of 0.77 and a debt-to-equity ratio of 0.36. Ahold has a twelve month low of €32.25 and a twelve month high of €50.02. The company has a market cap of $34.99 billion, a P/E ratio of 13.56, a P/E/G ratio of 1.89 and a beta of 0.44. The company has a fifty day moving average of €40.62 and a 200-day moving average of €43.69.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on ADRNY shares. The Goldman Sachs Group lowered shares of Ahold from a “strong-buy” rating to a “neutral” rating in a research note on Monday, June 1st. Royal Bank Of Canada upgraded shares of Ahold to a “hold” rating in a report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Ahold presently has an average rating of “Moderate Buy”.
Ahold Company Profile
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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