Albertsons Companies (NYSE:ACI) Announces Earnings Results

Albertsons Companies (NYSE:ACI - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06, RTT News reports. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The company had revenue of $18.80 billion for the quarter, compared to the consensus estimate of $18.78 billion. During the same period in the previous year, the business earned $0.54 EPS. Albertsons Companies updated its FY 2025 guidance to 2.030-2.160 EPS.

Albertsons Companies Stock Up 2.4 %

Shares of ACI stock traded up $0.51 during trading on Friday, reaching $21.66. The company's stock had a trading volume of 10,042,907 shares, compared to its average volume of 4,307,437. The business has a fifty day moving average price of $21.19 and a 200-day moving average price of $19.97. Albertsons Companies has a one year low of $17.00 and a one year high of $23.20. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. The company has a market cap of $12.55 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47.

Albertsons Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Friday, April 25th. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

Wall Street Analyst Weigh In

Several research firms have commented on ACI. UBS Group decreased their target price on shares of Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday. The Goldman Sachs Group restated a "buy" rating and issued a $26.00 price target on shares of Albertsons Companies in a research report on Tuesday, February 4th. Citigroup began coverage on shares of Albertsons Companies in a research note on Friday, January 24th. They set a "buy" rating and a $26.00 price objective for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $23.00 price target on shares of Albertsons Companies in a report on Wednesday. Finally, Evercore ISI decreased their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research note on Thursday. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Albertsons Companies has an average rating of "Moderate Buy" and a consensus price target of $23.36.

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.