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

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

Albertsons Companies Price Performance

NYSE:ACI traded up $0.08 during mid-day trading on Wednesday, reaching $19.80. The stock had a trading volume of 9,866,902 shares, compared to its average volume of 7,238,360. Albertsons Companies has a one year low of $17.00 and a one year high of $23.47. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.22 and a current ratio of 0.90. The firm has a 50 day moving average price of $19.26 and a two-hundred day moving average price of $19.31. The stock has a market capitalization of $11.47 billion, a P/E ratio of 11.58, a P/E/G ratio of 1.07 and a beta of 0.51.

Albertsons Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be issued a $0.15 dividend. This is a boost from Albertsons Companies's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.03%. Albertsons Companies's dividend payout ratio is presently 28.07%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ACI. Royal Bank of Canada restated an "outperform" rating and set a $22.00 price target on shares of Albertsons Companies in a research report on Tuesday. Tigress Financial restated a "buy" rating and set a $27.00 price target on shares of Albertsons Companies in a research note on Monday, October 21st. Telsey Advisory Group upgraded Albertsons Companies from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $21.00 to $26.00 in a research note on Tuesday, December 17th. Bank of America began coverage on shares of Albertsons Companies in a research report on Friday, December 13th. They set a "neutral" rating and a $22.00 target price for the company. Finally, Melius upgraded Albertsons Companies from a "hold" rating to a "buy" rating and set a $24.00 price target 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.