Albertsons Companies (NYSE:ACI - Get Free Report) is set to announce its earnings results before the market opens on Monday, April 22nd. Analysts expect the company to announce earnings of $0.51 per share for the quarter.
Albertsons Companies Stock Down 0.7 %
NYSE ACI traded down $0.15 during trading on Monday, reaching $20.23. The company's stock had a trading volume of 2,911,676 shares, compared to its average volume of 3,527,987. The company has a current ratio of 0.85, a quick ratio of 0.19 and a debt-to-equity ratio of 3.09. The stock has a market capitalization of $11.65 billion, a PE ratio of 8.65, a PEG ratio of 0.96 and a beta of 0.50. The business has a 50-day moving average price of $20.99 and a 200-day moving average price of $21.73. Albertsons Companies has a 1-year low of $19.88 and a 1-year high of $23.88.
Albertsons Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Thursday, April 25th. Albertsons Companies's dividend payout ratio (DPR) is presently 20.51%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on ACI shares. Telsey Advisory Group reiterated a "market perform" rating and issued a $27.25 target price on shares of Albertsons Companies in a research note on Thursday, January 4th. Tigress Financial restated a "buy" rating and issued a $27.00 price objective on shares of Albertsons Companies in a research note on Friday, January 12th. Roth Mkm boosted their price objective on shares of Albertsons Companies from $23.00 to $24.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 10th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $24.00 price objective on shares of Albertsons Companies in a research note on Tuesday, February 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $25.56.
Check Out Our Latest Analysis on Albertsons Companies
Hedge Funds Weigh In On Albertsons Companies
Several large investors have recently bought and sold shares of the stock. Resurgent Financial Advisors LLC bought a new stake in Albertsons Companies in the 4th quarter valued at $45,000. UniSuper Management Pty Ltd bought a new stake in Albertsons Companies in the 2nd quarter valued at $46,000. Fortis Capital Advisors LLC bought a new stake in Albertsons Companies in the 4th quarter valued at $51,000. Atlas Capital Advisors LLC bought a new stake in Albertsons Companies in the 1st quarter valued at $62,000. Finally, Great West Life Assurance Co. Can bought a new stake in Albertsons Companies in the 1st quarter valued at $77,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.
Albertsons Companies Company Profile
(Get Free Report)
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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