Check out these key findings about Albertsons Companies Inc. (ACI)

Albertsons Companies Inc. (NYSE: ACI) stock fell -1.09% on Friday to $26.35 against a previous-day closing price of $26.64. With 1.74 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.2 million shares. During the session, the Grocery Stores company that operates in wider Consumer Defensive sector, reached to the highest price of $26.94 whereas the lowest price it dropped to was $26.33. The 52-week range on ACI shows that it touched its highest point at $37.99 and its lowest point at $25.89 during that stretch. It currently has a 1-year price target of $34.94. With its current market cap of 14.13 billion, ACI has annualized dividend of $0.48 while the current yield stands at 1.82%.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ACI was down-trending over the past week, with a drop of -7.93%, but this was down by -7.71% over a month. Three-month performance dropped to -7.19% while six-month performance fell -26.17%. The stock lost -13.27% in the past year, while it has lost -12.72% so far this year. A look at the trailing 12-month EPS for ACI yields 2.68 with Next year EPS estimates of 2.93. For the next quarter, that number is 0.63. This implies an EPS growth rate of 83.70% for this year and 0.93% for next year. EPS is expected to grow by 0.06% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 32.10%.

Float and Shares Shorts:

At present, 513.30 million ACI shares are outstanding with a float of 310.51 million shares on hand for trading. On Jul 14, 2022, short shares totaled 7.63 million, which was 1.44% higher than short shares on Jun 14, 2022. In addition to Mr. Vivek Sankaran as the firm’s CEO & Director, Ms. Sharon L. McCollam serves as its Pres & CFO.

Institutional Ownership:

Through their ownership of 73.63% of ACI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 51.80% of ACI, in contrast to 12.84% held by mutual funds. Shares owned by individuals account for 11.31%. As the largest shareholder in ACI with 4.22% of the stake, Fidelity Management & Research Co holds 22,473,923 shares worth 22,473,923. A second-largest stockholder of ACI, The Vanguard Group, Inc., holds 7,917,623 shares, controlling over 1.49% of the firm’s shares. Citadel Advisors LLC is the third largest shareholder in ACI, holding 6,312,532 shares or 1.19% stake. With a 0.99% stake in ACI, the Fidelity Global Innovators Invest is the largest stakeholder. A total of 5,253,438 shares are owned by the mutual fund manager. The MFS Mid Cap Value Fund, which owns about 0.73% of ACI stock, is the second-largest Mutual Fund holder. It holds 3,898,002 shares valued at 107.23 million. Fidelity Global Innovators Class holds 0.72% of the stake in ACI, owning 3,831,950 shares worth 105.42 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 17, 2022, ACI reported revenue of $23.31B and operating income of $680.70M. Over the past year, revenue came in at $73.93B while operating income stood at $2.51B. It generated $484.20M net income for the quarter, which came to $1.66B over the last twelve months. The EBITDA in the recently reported quarter was $1.43B and diluted EPS was $0.84. EBITDA for the full year was $4.86B.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ACI since 20 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 10 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ACI analysts setting a high price target of $45.00 and a low target of $24.00, the average target price over the next 12 months is $34.56. Based on these targets, ACI could surge 70.78% to reach the target high and fall by -8.92% to reach the target low. Reaching the average price target will result in a growth of 31.16% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ACI will report FY 2023 earnings on 04/12/2023. Analysts have provided yearly estimates in a range of $3.01 being high and $2.81 being low. For ACI, this leads to a yearly average estimate of $2.92. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Albertsons Companies Inc. surprised analysts by $0.04 when it reported $1.00 EPS against a consensus estimate of $0.96. The surprise factor in the prior quarter was $0.11. Based on analyst estimates, the high estimate for the next quarter is $0.72 and the low estimate is $0.54. The average estimate for the next quarter is thus $0.63.

Summary of Insider Activity:

Insiders traded ACI stock several times over the past three months with 2 Buys and 5 Sells. In these transactions, 82,250 shares were bought while 571,372 shares were sold. The number of buy transactions has increased to 45 while that of sell transactions has risen to 45 over the past year. The total number of shares bought during that period was 1,940,054 while 1,311,330 shares were sold.

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