Albertsons Companies (NYSE:ACI) Updates FY25 Earnings Guidance

Albertsons Companies (NYSE:ACI) updated its FY25 earnings guidance on Wednesday. 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.

Albertsons Companies Stock Performance

ACI opened at $19.69 on Wednesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.22 and a current ratio of 0.90. The company has a market cap of $11.41 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. The stock has a 50-day moving average of $19.26 and a 200-day moving average of $19.31. Albertsons Companies has a 52-week low of $17.00 and a 52-week high of $23.47.

Albertsons Companies (NYSE:ACI) last announced its earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The firm had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.47 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts forecast that Albertsons Companies will post 2.13 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.05%. This is an increase from Albertsons Companies’s previous quarterly dividend of $0.12. Albertsons Companies’s dividend payout ratio (DPR) is 28.07%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ACI. Morgan Stanley dropped their price objective on Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. Melius Research upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Monday, October 21st. Evercore ISI raised their price objective on shares of Albertsons Companies from $18.00 to $19.00 and gave the stock an “in-line” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 target price on shares of Albertsons Companies in a research report on Tuesday. Finally, Telsey Advisory Group raised shares of Albertsons Companies from a “market perform” rating to an “outperform” rating and increased their price target for the company from $21.00 to $26.00 in a report on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Albertsons Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

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.