Albertsons Companies (NYSE:ACI) Releases FY 2022 Earnings Guidance

Albertsons Companies (NYSE:ACIGet Rating) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $2.80-$2.95 for the period, compared to the consensus EPS estimate of $2.85. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

ACI has been the topic of several recent analyst reports. Guggenheim upped their price target on shares of Albertsons Companies from $34.00 to $37.00 and gave the company a buy rating in a report on Wednesday, April 13th. Citigroup decreased their target price on shares of Albertsons Companies from $36.00 to $30.00 in a research report on Thursday, July 28th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Albertsons Companies from $42.00 to $43.00 in a research report on Thursday, July 21st. UBS Group reduced their price objective on shares of Albertsons Companies from $37.00 to $29.00 and set a neutral rating for the company in a research report on Wednesday, July 27th. Finally, BMO Capital Markets reduced their price objective on shares of Albertsons Companies from $26.00 to $24.00 in a research note on Friday, July 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $31.64.

Albertsons Companies Price Performance

Shares of ACI stock traded up $0.25 on Friday, hitting $27.05. 2,781,073 shares of the company’s stock were exchanged, compared to its average volume of 2,875,591. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.10 and a quick ratio of 0.52. Albertsons Companies has a 12 month low of $23.14 and a 12 month high of $37.99. The stock has a market cap of $14.39 billion, a P/E ratio of 9.36, a price-to-earnings-growth ratio of 1.68 and a beta of 0.45. The company has a 50 day moving average of $27.91 and a 200 day moving average of $30.14.

Albertsons Companies (NYSE:ACIGet Rating) last released its earnings results on Tuesday, July 26th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. Albertsons Companies had a return on equity of 63.97% and a net margin of 2.24%. The business had revenue of $23.31 billion during the quarter, compared to analysts’ expectations of $22.77 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. On average, equities research analysts predict that Albertsons Companies will post 2.74 EPS for the current year.

Albertsons Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 10th. Stockholders of record on Tuesday, July 26th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Monday, July 25th. Albertsons Companies’s dividend payout ratio (DPR) is presently 16.61%.

Insider Buying and Selling

In other Albertsons Companies news, EVP Evan Rainwater sold 25,242 shares of Albertsons Companies stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $27.38, for a total transaction of $691,125.96. Following the completion of the sale, the executive vice president now owns 19,691 shares of the company’s stock, valued at $539,139.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Albertsons Companies news, CAO Robert Bruce Larson sold 35,000 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $26.79, for a total transaction of $937,650.00. Following the sale, the chief accounting officer now directly owns 80,241 shares in the company, valued at approximately $2,149,656.39. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Evan Rainwater sold 25,242 shares of the stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $27.38, for a total value of $691,125.96. Following the sale, the executive vice president now owns 19,691 shares in the company, valued at $539,139.58. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Albertsons Companies

A number of institutional investors have recently bought and sold shares of ACI. Great West Life Assurance Co. Can bought a new stake in Albertsons Companies in the first quarter worth about $77,000. MetLife Investment Management LLC purchased a new stake in shares of Albertsons Companies during the first quarter valued at $108,000. PNC Financial Services Group Inc. boosted its holdings in Albertsons Companies by 151.5% in the first quarter. PNC Financial Services Group Inc. now owns 6,029 shares of the company’s stock valued at $200,000 after purchasing an additional 3,632 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Albertsons Companies in the first quarter valued at $207,000. Finally, Toroso Investments LLC acquired a new position in shares of Albertsons Companies in the first quarter worth about $217,000. 62.12% of the stock is owned by institutional investors.

About Albertsons Companies

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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.

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Earnings History and Estimates for Albertsons Companies (NYSE:ACI)

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