The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Albertsons Companies Inc. (ACI) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $23.63. The Albertsons Companies Inc. has recorded 281,349 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Kroger and Albertsons Companies Announce Comprehensive Divestiture Plan with C&S Wholesale Grocers, LLC in Connection with Proposed Merger.
The company is listed on the NYSE and operates within the Grocery Stores industry segment. At the end of the last regular session, the stock closed at $23.63 and fluctuated between $23.77 as its day high and $23.59 as its day low. The current market capitalization of Albertsons Companies Inc. is $13.28B. A total of 6.73 million shares were traded on the day, compared to an average of 3.49M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ACI has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 68,830 and the disposition of 27,085 shares. Over the last 12 months, there were 46 BUYs and 43 SELLs from insiders. Insiders purchased 16,737,427 shares during that period but sold 116,269,215.
In the most recent transaction, Larson Robert Bruce sold 32,544 shares of ACI for 20.95 per share on Apr 27. After the transaction, the Chief Accounting Officer now owns 50,241 company shares. In a previous transaction on Jan 25, Gajial Omer sold 36,000 shares at 21.05 per share. ACI shares that EVP, Pharmacy & Health owns now total 25,140.
Among the insiders who sold shares, Larson Robert Bruce disposed of 30,000 shares on Jan 25 at a per-share price of $21.01. This resulted in the Chief Accounting Officer holding 50,241 shares of ACI after the transaction. In another insider transaction, KIMCO REALTY CORP sold 11,500,000 shares at $26.18 per share on Oct 14. Company shares held by the now total 28,338,105.
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Albertsons Companies Inc. pays an annual dividend of $0.48, resulting in a dividend yield of 2.03%, and it has a price to earnings (P/E) ratio of 10.77. ACI’s most recent ex-dividend date was 7/25/2023 when it declared a $0.12 quarterly dividend that was paid in cash on 8/10/2023. Previously, the company paid the dividend on 5/10/2023 with an ex-dividend date of 4/25/2023. The ACI stock dividend was $0.12 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ACI in the last 3 months, the mean price target is $24.65 with high estimates of $27.25 and low estimates of $21.00. In terms of 52-week highs and lows, ACI has a high of $23.88 and a low of $18.28.
As of this writing, ACI has an earnings estimate of $0.56 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.61 per share and a lower estimate of $0.45. The company reported an EPS of $0.79 in the last quarter, which was 17.90% higher than expectations of $0.67.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ACI’s latest balance sheet shows that the firm has $2.90B in Cash & Short Term Investments as of fiscal 2022. There were $14.03B in debt and $8.35B in liabilities at the time. Its Book Value Per Share was $3.49, while its Total Shareholder’s Equity was $3.02B.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ACI is Buy with a score of 3.67.