Koninklijke Ahold Delhaize to Post FY2022 Earnings of $2.35 Per Share, Jefferies Financial Group Forecasts (OTCMKTS:ADRNY)

Koninklijke Ahold Delhaize (OTCMKTS:ADRNY – Get Rating) – Equities researchers at Jefferies Financial Group decreased their FY2022 earnings per share (EPS) estimates for Koninklijke Ahold Delhaize in a research note issued to investors on Wednesday, May 11th. Jefferies Financial Group analyst J. Grzinic now forecasts that the company will earn $2.35 per share for the year, down from their previous forecast of $2.38. Jefferies Financial Group also issued estimates for Koninklijke Ahold Delhaize’s FY2023 earnings at $2.42 EPS and FY2024 earnings at $2.55 EPS.

Koninklijke Ahold Delhaize (OTCMKTS:ADRNY – Get Rating) last announced its quarterly earnings data on Wednesday, February 16th. The company reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67. Koninklijke Ahold Delhaize had a net margin of 2.97% and a return on equity of 16.97%. The company had revenue of $23.04 billion during the quarter, compared to analysts’ expectations of $22.63 billion.

ADRNY has been the subject of a number of other research reports. The Goldman Sachs Group set a €30.50 ($32.11) target price on shares of Koninklijke Ahold Delhaize in a research report on Wednesday, February 16th. Oddo Bhf upgraded shares of Koninklijke Ahold Delhaize from a “neutral” rating to an “outperform” rating and set a €31.00 ($32.63) price objective for the company in a research report on Friday, February 18th. Exane BNP Paribas upgraded shares of Koninklijke Ahold Delhaize from an “underperform” rating to a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. set a €32.50 ($34.21) price objective on shares of Koninklijke Ahold Delhaize in a research report on Monday, February 14th. Finally, Sanford C. Bernstein set a €33.00 ($34.74) price objective on shares of Koninklijke Ahold Delhaize in a research report on Tuesday, April 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.26.

Shares of Koninklijke Ahold Delhaize stock opened at $27.92 on Friday. The stock has a market capitalization of $29.23 billion, a P/E ratio of 10.95, a price-to-earnings-growth ratio of 1.99 and a beta of 0.40. The company has a quick ratio of 0.41, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a 50-day simple moving average of $30.30 and a 200 day simple moving average of $31.93. Koninklijke Ahold Delhaize has a 12-month low of $27.18 and a 12-month high of $35.63.

The business also recently declared a dividend, which was paid on Thursday, April 28th. Shareholders of record on Wednesday, April 20th were paid a $0.4683 dividend. This represents a yield of 2.81%. The ex-dividend date of this dividend was Tuesday, April 19th. Koninklijke Ahold Delhaize’s payout ratio is currently 36.08%.

Koninklijke Ahold Delhaize Company Profile (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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