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

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

Shares of Albertsons Companies stock opened at $33.01 on Tuesday. The firm has a market capitalization of $15.42 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 1.91 and a beta of 0.11. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.00 and a quick ratio of 0.46. Albertsons Companies has a one year low of $17.73 and a one year high of $37.99. The business has a 50-day simple moving average of $32.72 and a 200 day simple moving average of $31.58.

Albertsons Companies (NYSE:ACIGet Rating) last released its quarterly earnings results on Tuesday, April 12th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. The business had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $16.85 billion. Albertsons Companies had a return on equity of 79.21% and a net margin of 2.25%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. On average, sell-side analysts expect that Albertsons Companies will post 2.77 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 10th. Shareholders of record on Tuesday, April 26th will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, April 25th. This represents a $0.48 dividend on an annualized basis and a yield of 1.45%. Albertsons Companies’s dividend payout ratio (DPR) is currently 16.96%.

ACI has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Albertsons Companies from a strong-buy rating to a hold rating and set a $38.00 target price on the stock. in a research note on Tuesday, March 15th. Barclays boosted their target price on Albertsons Companies from $30.00 to $32.00 and gave the stock an equal weight rating in a research note on Wednesday, January 12th. MKM Partners boosted their target price on Albertsons Companies from $31.00 to $33.00 in a research note on Thursday, January 13th. Deutsche Bank Aktiengesellschaft boosted their target price on Albertsons Companies from $40.00 to $42.00 in a research note on Thursday, April 7th. Finally, Guggenheim upped their price objective on Albertsons Companies from $34.00 to $37.00 and gave the company a buy rating in a research note on Wednesday, April 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $32.46.

In other news, CAO Robert Bruce Larson sold 19,087 shares of the company’s stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $32.33, for a total value of $617,082.71. Following the transaction, the chief accounting officer now owns 115,241 shares of the company’s stock, valued at $3,725,741.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Albertsons Companies in the fourth quarter valued at $5,011,000. BlackRock Inc. boosted its position in Albertsons Companies by 6.1% during the fourth quarter. BlackRock Inc. now owns 4,795,999 shares of the company’s stock valued at $144,793,000 after buying an additional 274,609 shares during the period. Vident Investment Advisory LLC boosted its position in Albertsons Companies by 3.0% during the fourth quarter. Vident Investment Advisory LLC now owns 104,864 shares of the company’s stock valued at $3,165,000 after buying an additional 3,099 shares during the period. Goldman Sachs Group Inc. boosted its position in Albertsons Companies by 17.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 459,622 shares of the company’s stock valued at $13,876,000 after buying an additional 66,968 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Albertsons Companies by 254.0% during the fourth quarter. Allianz Asset Management GmbH now owns 124,377 shares of the company’s stock worth $3,755,000 after purchasing an additional 89,242 shares during the period. 58.30% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Company Profile (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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