Brokers Set Expectations for Koninklijke Ahold Delhaize’s FY2022 Earnings (OTCMKTS:ADRNY)

Koninklijke Ahold Delhaize (OTCMKTS:ADRNY – Get Rating) – Equities researchers at Jefferies Financial Group dropped their FY2022 EPS estimates for Koninklijke Ahold Delhaize in a note issued to investors on Monday, April 11th. Jefferies Financial Group analyst J. Grzinic now expects that the company will post earnings of $2.38 per share for the year, down from their prior forecast of $2.45. Jefferies Financial Group also issued estimates for Koninklijke Ahold Delhaize’s FY2023 earnings at $2.53 EPS and FY2024 earnings at $2.65 EPS.

Koninklijke Ahold Delhaize (OTCMKTS:ADRNY – Get Rating) last issued its quarterly earnings results on Tuesday, February 15th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Koninklijke Ahold Delhaize had a return on equity of 16.97% and a net margin of 2.97%.

ADRNY has been the topic of several other research reports. Zacks Investment Research downgraded Koninklijke Ahold Delhaize from a “buy” rating to a “hold” rating in a research note on Tuesday, February 1st. Oddo Bhf raised Koninklijke Ahold Delhaize from a “neutral” rating to an “outperform” rating and set a €31.00 ($33.70) price target on the stock in a report on Friday, February 18th. Credit Suisse Group raised their target price on Koninklijke Ahold Delhaize from €25.00 ($27.17) to €26.00 ($28.26) in a report on Friday, February 18th. Finally, Exane BNP Paribas cut Koninklijke Ahold Delhaize from a “neutral” rating to an “underperform” rating in a report on Monday, January 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.67.

ADRNY opened at $31.22 on Wednesday. Koninklijke Ahold Delhaize has a one year low of $26.81 and a one year high of $35.63. The business has a 50 day simple moving average of $31.41 and a two-hundred day simple moving average of $32.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.41. The firm has a market capitalization of $32.69 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 2.22 and a beta of 0.36.

The business also recently declared a dividend, which will be paid on Thursday, April 28th. Stockholders of record on Wednesday, April 20th will be paid a dividend of $0.4683 per share. This represents a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, April 19th. Koninklijke Ahold Delhaize’s dividend payout ratio is presently 31.78%.

About Koninklijke Ahold Delhaize (Get Rating)

Koninklijke Ahold Delhaize N.V. operates retail food stores and e-commerce primarily in the United States and Europe. Its store formats include supermarkets, convenience stores, drugstores, and hypermarkets. It also subleases its stores to franchisees. As of January 2, 2022, it operated 7,452 stores primarily under local brands serving approximately 55 million customers, as well as online.

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