Albertsons Companies, Inc. (NYSE:ACI) to Issue Quarterly Dividend of $0.12

Albertsons Companies, Inc. (NYSE:ACI) declared a quarterly dividend on Tuesday, October 15th, RTT News reports. Stockholders of record on Monday, October 28th will be paid a dividend of 0.12 per share on Friday, November 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Monday, October 28th.

Albertsons Companies has raised its dividend payment by an average of 68.7% per year over the last three years. Albertsons Companies has a dividend payout ratio of 20.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Albertsons Companies to earn $2.33 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 20.6%.

Albertsons Companies Stock Down 2.0 %

Shares of NYSE:ACI opened at $18.39 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 2.67. Albertsons Companies has a 12 month low of $17.80 and a 12 month high of $23.47. The company has a 50-day moving average price of $18.98 and a 200 day moving average price of $19.75. The company has a market cap of $10.65 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 1.02 and a beta of 0.48.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Albertsons Companies had a net margin of 1.41% and a return on equity of 56.01%. The firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same quarter last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities research analysts predict that Albertsons Companies will post 2.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ACI has been the subject of a number of analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a report on Friday, October 11th. Melius Research raised shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Monday, October 21st. BMO Capital Markets decreased their price objective on shares of Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating for the company in a research note on Wednesday, October 16th. Wells Fargo & Company reissued a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. Finally, Melius raised shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.58.

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.