Albertsons Companies Inc. [NYSE:ACI] will report earnings after markets close on Tuesday, January 12th.
ACI Earnings Forecast For The Current Quarter
Albertsons Companies Inc. [ACI] is expected to report earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $15.34B and an earnings per share of $0.42 for Nov 2020. Looking further ahead, the company is expected to report revenue of $15.49B at an EPS of $0.46 for Feb 2021. The estimates represent -6.10% and -38.28% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
ACI Earnings Estimates For The Current Year
For the financial year, Albertsons Companies Inc. [NYSE:ACI] is expected to bring in revenue of $69.37B. The returns are nearly $6.91 billion higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 2.78. Estimates put next year’s earnings growth at -38.10%, and at an annual 17.19% over the next 5-year period. As for sales, forecasts are for an increase of 11.10% in the current fiscal year and a further -6.10% over the following year.
Albertsons Companies Inc. [ACI] Valuation Measures
Notably, Albertsons Companies Inc. [ACI] stock can be classified as a good candidate in the listing of underestimated low-priced Grocery Stores companies to purchase soonest possible with the prevailing 12-month PE ratio of 7.74. The measure means the stock is exchanging at a discount as compared to the 18.88x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 0.12 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 0.45 which means ACI serve an attractive investment opportunity compared to its competitors.
ACI Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 16.18 level, and in case of violation of this particular level, it will cause more drop to 15.75 level. On the upper level, 17.41 is still the key resistance. The stock may increase to the subsequent resistance at 17.01. The Relative Strength Index (RSI) pinned on the 14-day chart is 56.51, implying a neutral technical stance while the MACD stands at 0.50, meaning price will decrease in the next trading period. Percent R indicator moved to 46.36%, implying low price movement. Stochastic %K at 66.28% suggest holding the stock.
What is the short interest in Albertsons Companies Inc.?
Short interest in the Albertsons Companies Inc. stock has surged, increasing by 0.5 million shares to total 19.63 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 20.13 million, data from Yahoo Finance shows. The decrease of -2.55% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 14.36% of the overall float for the stock.
Albertsons Companies Inc.’s Biggest Shareholders: Who Owns Albertsons Companies Inc. [ACI]?
Filings by HPS Investment Partners LLC showed that the firm now holds a total of 33,909,372 shares or roughly 7.17% of the outstanding ACI shares. Details in the latest 13F filings reveal that Citadel Advisors LLC disposed off their -27.06% stake valued at $75,019,358 while Alyeska Investment Group LP cut theirs at $61,613,854. During the last quarter, Citadel Advisors LLC liquidated -1,736,251 of its shares in Albertsons Companies Inc. while Alyeska Investment Group LP sold -416,341 shares. The Private Management Group, Inc.’s holdings currently number 1,991,638 shares at $33081107.18. According to the firm’s last 13F report, BlackRock Fund Advisors shares in the company at filing stood at 1,428,880 shares, roughly $22,904,946.
What are analyst thoughts on Albertsons Companies Inc.?
Looking forward to the Albertsons Companies Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Albertsons Companies Inc. stock at $20.00 within the next 12 months, which represents almost 16.95 per cent growth from its previous closing price of $16.61. The highest analysts’ target for Albertsons Companies Inc. stock projections is $31.00 and the lowest one is $16.00. Still, 19 analysts sharing their consensus rating for ACI stock in 2021 agree that it is an Overweight.