Albertsons Companies (NYSE:ACI) Issues Quarterly Earnings Results

Albertsons Companies (NYSE:ACI) posted its quarterly earnings results on Wednesday. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04, Zacks reports. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%.

Albertsons Companies Trading Up 0.5 %

NYSE:ACI opened at $19.69 on Wednesday. The firm has a fifty day simple moving average of $19.26 and a 200-day simple moving average of $19.31. Albertsons Companies has a 12 month low of $17.00 and a 12 month high of $23.47. 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 company has a market capitalization of $11.41 billion, a P/E ratio of 11.51, a PEG ratio of 1.07 and a beta of 0.51.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Monday, October 28th. Albertsons Companies’s dividend payout ratio is presently 28.07%.

Analyst Ratings Changes

A number of brokerages recently commented on ACI. UBS Group decreased their target price on Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Evercore ISI raised their price objective on shares of Albertsons Companies from $18.00 to $19.00 and gave the company an “in-line” rating in a research note on Tuesday, December 3rd. Morgan Stanley lowered their target price on shares of Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. Tigress Financial reiterated a “buy” rating and set a $27.00 price objective on shares of Albertsons Companies in a research report on Monday, October 21st. Finally, Melius Research raised shares of 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 investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Albertsons Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.75.

About Albertsons Companies

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.