Albertsons Companies (NYSE:ACI) Releases FY 2022 Earnings Guidance

Albertsons Companies (NYSE:ACIGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.700-$2.850 for the period, compared to the Thomson Reuters consensus estimate of $2.780. The company issued revenue guidance of -.Albertsons Companies also updated its FY23 guidance to $2.70-2.85 EPS.

Shares of NYSE ACI opened at $34.78 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 1.12 and a debt-to-equity ratio of 3.43. The firm’s 50-day moving average price is $32.38 and its two-hundred day moving average price is $31.55. Albertsons Companies has a 52-week low of $17.73 and a 52-week high of $37.99. The stock has a market capitalization of $16.25 billion, a P/E ratio of 20.83, a P/E/G ratio of 1.56 and a beta of 0.11.

Albertsons Companies (NYSE:ACIGet Rating) last issued its earnings results on Tuesday, January 11th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.20. Albertsons Companies had a net margin of 1.45% and a return on equity of 92.76%. The firm had revenue of $16.73 billion for the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter last year, the company posted $0.63 earnings per share. Albertsons Companies’s revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts expect that Albertsons Companies will post 2.87 earnings per share for the current year.

ACI has been the topic of a number of recent research reports. UBS Group raised their target price on shares of Albertsons Companies from $31.00 to $37.00 and gave the stock a neutral rating in a report on Monday. MKM Partners lifted their price target on Albertsons Companies from $31.00 to $33.00 in a report on Thursday, January 13th. Telsey Advisory Group lifted their price target on Albertsons Companies from $35.00 to $37.00 and gave the company an outperform rating in a report on Friday, January 7th. Deutsche Bank Aktiengesellschaft lifted their price target on Albertsons Companies from $40.00 to $42.00 in a report on Thursday, April 7th. Finally, Zacks Investment Research cut Albertsons Companies from a strong-buy rating to a hold rating and set a $38.00 price target on the stock. in a report on Tuesday, March 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Albertsons Companies currently has an average rating of Hold and a consensus target price of $30.85.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Albertsons Companies during the fourth quarter valued at approximately $5,011,000. BlackRock Inc. grew its position in Albertsons Companies by 6.1% in the fourth quarter. BlackRock Inc. now owns 4,795,999 shares of the company’s stock worth $144,793,000 after buying an additional 274,609 shares during the last quarter. Vident Investment Advisory LLC grew its position in Albertsons Companies by 3.0% in the fourth quarter. Vident Investment Advisory LLC now owns 104,864 shares of the company’s stock worth $3,165,000 after buying an additional 3,099 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Albertsons Companies by 17.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 459,622 shares of the company’s stock worth $13,876,000 after buying an additional 66,968 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in Albertsons Companies by 254.0% in the fourth quarter. Allianz Asset Management GmbH now owns 124,377 shares of the company’s stock worth $3,755,000 after buying an additional 89,242 shares during the last quarter. Institutional investors and hedge funds own 58.30% of the company’s stock.

About Albertsons Companies (Get Rating)

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. As of February 27, 2021, it operated 2,277 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and 1,727 pharmacies, 1,313 in-store branded coffee shops, 400 adjacent fuel centers, 22 distribution centers, and 20 manufacturing facilities, as well as various digital platforms.

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Earnings History and Estimates for Albertsons Companies (NYSE:ACI)

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