Albertsons Companies, Inc. (ACI) To Go Ex-Dividend on October 23rd

Albertsons Companies, Inc. (NYSE:ACI) announced a quarterly dividend on Tuesday, October 13th. Investors of record on Friday, October 23rd will be paid a dividend of $0.17 per share on Friday, November 6th. This represents a $0.68 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Friday, October 23rd.

Albertsons Companies has increased its dividend by an average of 0.2% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Albertsons Companies has a dividend payout ratio of 30.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Albertsons Companies to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 43.6%.

Albertsons Companies Stock Performance

NYSE ACI opened at $13.43 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.21 and a debt-to-equity ratio of 5.89. The business’s 50 day moving average is $12.28 and its two-hundred day moving average is $14.09. Albertsons Companies has a 12-month low of $10.86 and a 12-month high of $19.76. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of -122.09, a PEG ratio of 2.24 and a beta of 0.40.

Albertsons Companies (NYSE:ACI) last issued its earnings results on Tuesday, October 13th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Albertsons Companies had a positive return on equity of 52.17% and a negative net margin of 0.06%. The business had revenue of $18.89 billion during the quarter, compared to the consensus estimate of $18.87 billion. During the same period in the prior year, the business posted $0.30 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. Research analysts expect that Albertsons Companies will post 1.65 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets downgraded shares of Albertsons Companies from an “outperform” rating to a “market perform” rating and cut their price target for the company from $23.00 to $12.00 in a report on Friday, July 24th. Bank of America restated an “underperform” rating and issued a $12.00 price objective (down from $16.00) on shares of Albertsons Companies in a research report on Wednesday, October 14th. JPMorgan Chase & Co. lowered shares of Albertsons Companies from an “overweight” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research report on Thursday, October 15th. Telsey Advisory Group restated a “market perform” rating and issued a $13.00 price target (down from $22.00) on shares of Albertsons Companies in a report on Friday, July 24th. Finally, Wells Fargo & Company upped their price objective on Albertsons Companies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 14th. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $13.42.

Albertsons Companies Company Profile

Albertsons Companies, Inc is a U.S. food and drug retailer that operates supermarkets, pharmacies, fuel centers and e-commerce businesses. Its stores offer fresh food, groceries, meat and seafood, bakery and deli items, household products, health and beauty products, and prepared meals.

The company operates through a portfolio of regional and national banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME, Tom Thumb, Randalls, Pavilions, United Supermarkets, Market Street, Amigos, Carrs, Haggen, Star Market and Kings Food Markets.