Albertsons Companies (NYSE:ACI - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.01, RTT News reports. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%. The business had revenue of $24.88 billion for the quarter, compared to analysts' expectations of $24.68 billion. During the same period in the prior year, the firm earned $0.66 EPS. The business's quarterly revenue was up 2.5% on a year-over-year basis. Albertsons Companies updated its FY 2025 guidance to 2.030-2.160 EPS.
Albertsons Companies Stock Up 1.1%
Shares of Albertsons Companies stock traded up $0.23 during midday trading on Friday, hitting $20.47. The company's stock had a trading volume of 7,374,372 shares, compared to its average volume of 5,110,985. The company has a quick ratio of 0.22, a current ratio of 0.82 and a debt-to-equity ratio of 2.17. Albertsons Companies has a 1-year low of $17.00 and a 1-year high of $23.20. The stock has a 50-day simple moving average of $21.71 and a 200-day simple moving average of $21.21. The firm has a market capitalization of $11.79 billion, a P/E ratio of 12.48, a PEG ratio of 2.08 and a beta of 0.44.
Albertsons Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Friday, July 25th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, July 25th. This represents a $0.60 annualized dividend and a dividend yield of 2.93%. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.
Insider Activity
In related news, EVP Omer Gajial sold 47,303 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $21.46, for a total transaction of $1,015,122.38. Following the completion of the sale, the executive vice president directly owned 162,569 shares in the company, valued at approximately $3,488,730.74. This trade represents a 22.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.35% of the company's stock.
Hedge Funds Weigh In On Albertsons Companies
A hedge fund recently bought a new stake in Albertsons Companies stock. Empowered Funds LLC acquired a new position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 49,553 shares of the company's stock, valued at approximately $1,090,000. Institutional investors and hedge funds own 71.35% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on ACI shares. Royal Bank Of Canada reissued an "outperform" rating and issued a $23.00 price objective on shares of Albertsons Companies in a report on Wednesday, April 16th. Roth Capital reissued a "buy" rating and issued a $24.00 price objective (up from $23.00) on shares of Albertsons Companies in a report on Wednesday. BMO Capital Markets raised Albertsons Companies from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $19.00 to $25.00 in a report on Wednesday, May 7th. Evercore ISI decreased their price target on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research note on Thursday, April 17th. Finally, UBS Group decreased their price target on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Albertsons Companies currently has a consensus rating of "Moderate Buy" and an average target price of $24.20.
Read Our Latest Research Report on ACI
About Albertsons Companies
(
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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.
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