Ahold (OTCMKTS:ADRNY) Issues Quarterly Earnings Results

Ahold (OTCMKTS:ADRNY) issued its quarterly earnings results on Wednesday. The company reported €0.85 EPS for the quarter, beating the consensus estimate of €0.78 by €0.07, Zacks reports. The firm had revenue of €27.35 billion during the quarter, compared to analysts’ expectations of €27.51 billion. Ahold had a return on equity of 16.89% and a net margin of 2.45%.

Ahold Price Performance

Shares of ADRNY stock traded up €0.08 during trading on Friday, hitting €46.91. The company had a trading volume of 18,073 shares, compared to its average volume of 71,078. The firm has a market capitalization of $41.86 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 2.62 and a beta of 0.50. Ahold has a one year low of €32.25 and a one year high of €47.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.42 and a current ratio of 0.70. The stock’s 50-day moving average price is €40.36 and its 200 day moving average price is €40.65.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ADRNY shares. Kepler Capital Markets raised Ahold from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Zacks Research downgraded shares of Ahold from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Finally, UBS Group raised shares of Ahold from a “strong sell” rating to a “hold” rating in a report on Thursday, October 16th. Three analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ahold has a consensus rating of “Buy”.

Ahold Company Profile

Ahold Delhaize (often shortened to Ahold) is an international retail grocery group that operates supermarkets, online grocery platforms and related food retail services. The company’s operations span both brick-and-mortar stores and digital channels, offering a mix of fresh foods, packaged groceries, household goods and private-label products. Its business model combines local store networks with centralized purchasing, distribution and supply-chain capabilities to serve everyday consumer needs.

The firm was formed through the 2016 merger of Koninklijke Ahold and Delhaize Group, creating a combined network of banners and ecommerce platforms across multiple geographies.