In the last trading session, 3.74 million shares of the Albertsons Companies Inc (NYSE:ACI) were traded, and its beta was 0.51. Most recently the company’s share price was $20.32, and it changed around $0.09 or 0.44% from the last close, which brings the market valuation of the company to $11.71B. ACI currently trades at a discount to its 52-week high of $23.88, offering almost -17.52% off that amount. The share price’s 52-week low was $19.88, which indicates that the current value has risen by an impressive 2.17% since then. We note from Albertsons Companies Inc’s average daily trading volume that its 3-month average coming to 3.37 million.
Albertsons Companies Inc (NYSE:ACI) trade information
Instantly ACI has showed a green trend with a performance of 0.44% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -11.65% year-to-date, but still up 0.54% over the last five days. On the other hand, Albertsons Companies Inc (NYSE:ACI) is -2.78% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $26.85, which translates to bulls needing to increase their stock price by 24.32% from its current value. Analyst projections state that ACI is forecast to be at a low of $22 and a high of $35.
Albertsons Companies Inc (ACI) estimates and forecasts
Albertsons Companies Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -8.76 percent over the past six months and at a -4.17% annual growth rate that is well below the industry average of 4.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -18.30% in revenue this quarter, and will report a decrease of -14.30% in the next quarter. The year-over-year growth rate is expected to be 1.30%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of $24.09 billion in revenue for the current quarter. 12 analysts expect Albertsons Companies Inc to make $18.38 billion in revenue for the quarter ending Aug 2024.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 87.96%. Albertsons Companies Inc earnings are expected to increase by -9.59% in 2024, but the outlook is positive 8.00% per year for the next five years.
ACI Dividends
Albertsons Companies Inc’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 2.36 percent and its annual dividend per share was 0.48. It is important to note, however, that the 2.36% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
