Albertsons Companies (ACI) Scheduled to Post Quarterly Earnings on Monday

Albertsons Companies (NYSE:ACI) is scheduled to issue its quarterly earnings data before the market opens on Monday, April 22nd. Analysts expect the company to announce earnings of $0.51 per share for the quarter.

Albertsons Companies Trading Down 0.6 %

Shares of ACI stock opened at $20.35 on Friday. Albertsons Companies has a 12 month low of $19.88 and a 12 month high of $23.88. The company has a quick ratio of 0.19, a current ratio of 0.85 and a debt-to-equity ratio of 3.09. The business’s 50 day moving average is $20.92 and its two-hundred day moving average is $21.67. The company has a market cap of $11.72 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 0.96 and a beta of 0.50.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, April 25th. This represents a $0.48 annualized dividend and a yield of 2.36%. Albertsons Companies’s dividend payout ratio (DPR) is presently 20.51%.

Analysts Set New Price Targets

ACI has been the topic of several analyst reports. Tigress Financial reiterated a “buy” rating and set a $27.00 price target on shares of Albertsons Companies in a report on Friday, January 12th. Evercore ISI lowered their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Tuesday. Royal Bank of Canada restated an “outperform” rating and issued a $24.00 price objective on shares of Albertsons Companies in a research note on Tuesday, February 13th. Telsey Advisory Group restated a “market perform” rating and issued a $27.25 price objective on shares of Albertsons Companies in a research note on Wednesday. Finally, Roth Mkm raised their price objective on shares of Albertsons Companies from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $24.85.

Institutional Investors Weigh In On Albertsons Companies

Several hedge funds and other institutional investors have recently modified their holdings of ACI. JPMorgan Chase & Co. lifted its position in Albertsons Companies by 195.6% in the first quarter. JPMorgan Chase & Co. now owns 244,265 shares of the company’s stock worth $8,122,000 after purchasing an additional 161,634 shares during the period. Raymond James & Associates lifted its position in Albertsons Companies by 4.4% in the first quarter. Raymond James & Associates now owns 33,937 shares of the company’s stock worth $1,128,000 after purchasing an additional 1,435 shares during the period. Bank of New York Mellon Corp lifted its position in Albertsons Companies by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 1,023,813 shares of the company’s stock worth $34,043,000 after purchasing an additional 63,822 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Albertsons Companies by 18.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,808 shares of the company’s stock worth $293,000 after purchasing an additional 1,360 shares during the period. Finally, HighTower Advisors LLC bought a new position in Albertsons Companies in the first quarter worth $207,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

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.