Ahold (OTCMKTS:ADRNY) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Key Points

• Ahold beat estimates: The company reported €0.73 EPS for the quarter, beating the consensus of €0.70 by €0.03, with a return on equity of 16.91% and a net margin of 2.45%.
• Shares slipped 1.4% to €45.11 on Wednesday with below-average volume; Ahold's market capitalization is $40.01 billion and its PE ratio is 15.94.
• Analyst sentiment has been nudged lower—Wall Street Zen cut to "buy" and Zacks to "hold"—but the MarketBeat consensus rating remains "Buy" (two Strong Buy, two Hold).

Ahold (OTCMKTS:ADRNY - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported €0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of €0.70 by €0.03, Zacks reports. Ahold had a return on equity of 16.91% and a net margin of 2.45%.

Ahold Stock Down 1.4%

OTCMKTS ADRNY traded down €0.66 during trading on Wednesday, hitting €45.11. The stock had a trading volume of 79,100 shares, compared to its average volume of 95,434. The company has a market capitalization of $40.01 billion, a PE ratio of 15.94, a P/E/G ratio of 2.56 and a beta of 0.48. The company's 50-day moving average price is €47.82 and its two-hundred day moving average price is €43.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.42 and a current ratio of 0.71. Ahold has a 12 month low of €32.25 and a 12 month high of €50.02.

Analysts Set New Price Targets

Several equities analysts have weighed in on ADRNY shares. Wall Street Zen lowered Ahold from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 23rd. Zacks Research lowered Ahold from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 19th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

About Ahold

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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