Ahold (OTCMKTS:ADRNY – Get Free Report) announced its earnings results on Wednesday. The company reported €0.74 EPS for the quarter, beating the consensus estimate of €0.72 by €0.02, Zacks reports. Ahold had a return on equity of 16.97% and a net margin of 2.48%.
Ahold Stock Down 2.2%
OTCMKTS ADRNY traded down €0.87 on Thursday, hitting €38.85. 6,790 shares of the company were exchanged, compared to its average volume of 117,061. The company has a market cap of $34.21 billion, a PE ratio of 13.26, a PEG ratio of 1.89 and a beta of 0.44. Ahold has a 12 month low of €32.25 and a 12 month high of €50.02. The stock has a fifty day moving average of €40.56 and a 200-day moving average of €43.69. The company has a current ratio of 0.77, a quick ratio of 0.46 and a debt-to-equity ratio of 0.36.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on ADRNY shares. The Goldman Sachs Group downgraded shares of Ahold from a “strong-buy” rating to a “neutral” rating in a research report on Monday, June 1st. Royal Bank Of Canada upgraded shares of Ahold to a “hold” rating in a report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.
About Ahold
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.
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