Albertsons Companies (NYSE:ACI) Issues FY25 Earnings Guidance

Albertsons Companies (NYSE:ACI) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.25-2.31 for the period, compared to the consensus estimate of $2.27.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ACI shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price target on shares of Albertsons Companies in a report on Tuesday. Morgan Stanley dropped their target price on shares of Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. Wells Fargo & Company reissued a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. Melius raised shares of 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. Finally, Tigress Financial reaffirmed a “buy” rating and set a $27.00 price objective on shares of Albertsons Companies in a report on Monday, October 21st. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $22.75.

Albertsons Companies Stock Performance

Shares of NYSE:ACI opened at $19.69 on Wednesday. The firm’s 50 day simple moving average is $19.26 and its 200 day simple moving average is $19.31. Albertsons Companies has a fifty-two week low of $17.00 and a fifty-two week high of $23.47. The company has a market capitalization of $11.41 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.07 and a beta of 0.51. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.90 and a quick ratio of 0.22.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. The company had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same period last year, the business posted $0.60 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Albertsons Companies will post 2.13 earnings per share for the current year.

Albertsons Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be issued a dividend of $0.15 per share. This is a positive change from Albertsons Companies’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 3.05%. Albertsons Companies’s payout ratio is currently 28.07%.

Albertsons Companies Company Profile

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.