Albertsons Companies (NYSE:ACI – Get Free Report) is set to announce its earnings results before the market opens on Tuesday, October 15th. Analysts expect the company to announce earnings of $0.45 per share for the quarter.
Albertsons Companies (NYSE:ACI – Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%. The firm had revenue of $24.27 billion during the quarter, compared to analyst estimates of $24.16 billion. During the same quarter last year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts expect Albertsons Companies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Albertsons Companies Stock Performance
Shares of NYSE ACI opened at $18.25 on Wednesday. The stock’s 50 day moving average price is $19.32 and its two-hundred day moving average price is $19.97. The stock has a market capitalization of $10.57 billion, a P/E ratio of 8.18, a PEG ratio of 1.02 and a beta of 0.48. Albertsons Companies has a 52-week low of $17.80 and a 52-week high of $23.47. The company has a quick ratio of 0.21, a current ratio of 0.88 and a debt-to-equity ratio of 2.67.
Albertsons Companies Dividend Announcement
Analyst Ratings Changes
Several equities research analysts have weighed in on ACI shares. Telsey Advisory Group restated a “market perform” rating and issued a $27.25 price objective on shares of Albertsons Companies in a research report on Thursday, July 18th. Melius Research started coverage on Albertsons Companies in a research report on Monday, September 23rd. They set a “hold” rating and a $19.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Albertsons Companies currently has an average rating of “Moderate Buy” and a consensus target price of $23.54.
Get Our Latest Stock Report on Albertsons Companies
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.
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