Albertsons Companies (ACI) Expected to Announce Earnings on Tuesday

Albertsons Companies (NYSE:ACI) is expected to be posting its quarterly earnings results before the market opens on Tuesday, April 15th. Analysts expect Albertsons Companies to post earnings of $0.40 per share and revenue of $18.78 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Albertsons Companies Stock Down 1.1 %

ACI stock opened at $21.12 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31. The firm has a 50-day moving average of $21.16 and a two-hundred day moving average of $19.90. Albertsons Companies has a 12 month low of $17.00 and a 12 month high of $23.20. The company has a market cap of $12.24 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 1.92 and a beta of 0.47.

Wall Street Analyst Weigh In

Several research firms recently commented on ACI. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $26.00 price target on shares of Albertsons Companies in a report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 target price on shares of Albertsons Companies in a research note on Thursday, April 3rd. Citigroup started coverage on shares of Albertsons Companies in a research report on Friday, January 24th. They set a “buy” rating and a $26.00 price target on the stock. The Goldman Sachs Group restated a “buy” rating and set a $26.00 price objective on shares of Albertsons Companies in a research report on Tuesday, February 4th. Finally, UBS Group decreased their target price on shares of Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Albertsons Companies presently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

About Albertsons Companies

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.