Albertsons Companies (ACI) Scheduled to Post Earnings on Tuesday

Albertsons Companies (NYSE:ACI) will be releasing its earnings data before the market opens on Tuesday, October 15th. Analysts expect Albertsons Companies to post earnings of $0.45 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $24.27 billion for the quarter, compared to the consensus estimate of $24.16 billion. Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%. Albertsons Companies’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share. On average, analysts expect Albertsons Companies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Albertsons Companies Stock Performance

Shares of NYSE:ACI opened at $18.37 on Monday. Albertsons Companies has a 12-month low of $17.80 and a 12-month high of $23.47. The company’s 50 day moving average price is $19.23 and its two-hundred day moving average price is $19.91. The firm has a market cap of $10.64 billion, a PE ratio of 8.24, a PEG ratio of 1.02 and a beta of 0.48. The company has a quick ratio of 0.21, a current ratio of 0.88 and a debt-to-equity ratio of 2.67.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ACI. Melius Research started coverage on Albertsons Companies in a research report on Monday, September 23rd. They set a “hold” rating and a $19.00 price target on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a report on Friday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.54.

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.