Albertsons Companies (NYSE:ACI) Updates FY25 Earnings Guidance

Albertsons Companies (NYSE:ACI - Get Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.25-2.31 for the period, compared to the consensus earnings per share estimate of $2.27.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company reiterated a "market perform" rating on shares of Albertsons Companies in a research note on Friday, October 18th. UBS Group cut their price target on shares of Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 17th. Tigress Financial restated a "buy" rating and issued a $27.00 price objective on shares of Albertsons Companies in a research note on Monday, October 21st. Royal Bank of Canada reiterated an "outperform" rating and set a $22.00 target price on shares of Albertsons Companies in a research report on Tuesday. Finally, Bank of America began coverage on Albertsons Companies in a research report on Friday, December 13th. They issued a "neutral" rating and a $22.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.75.

Albertsons Companies Stock Performance

Shares of NYSE ACI traded up $0.08 during mid-day trading on Wednesday, hitting $19.80. 9,866,902 shares of the company were exchanged, compared to its average volume of 7,238,360. The stock has a 50 day simple moving average of $19.29 and a 200-day simple moving average of $19.31. Albertsons Companies has a 1-year low of $17.00 and a 1-year high of $23.47. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.58. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.64 by $0.07. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. The company had revenue of $18.77 billion during the quarter, compared to analysts' expectations of $18.82 billion. During the same quarter last year, the business earned $0.79 EPS. The business's revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts forecast that Albertsons Companies will post 2.13 EPS for the current fiscal year.

Albertsons Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be given a dividend of $0.15 per share. This is a boost from Albertsons Companies's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 3.03%. Albertsons Companies's payout ratio is presently 28.07%.

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.