Ahold (OTCMKTS:ADRNY) Releases Earnings Results, Beats Expectations By $0.03 EPS

Ahold (OTCMKTS:ADRNY) announced its quarterly earnings data on Wednesday. The company reported €0.73 earnings per share for the quarter, beating analysts’ consensus estimates of €0.70 by €0.03, Zacks reports. Ahold had a net margin of 2.45% and a return on equity of 16.91%. The business had revenue of €26.07 billion for the quarter, compared to analyst estimates of €26.24 billion.

Ahold Stock Down 2.5%

OTCMKTS:ADRNY traded down €1.15 during midday trading on Thursday, hitting €43.96. 164,556 shares of the company were exchanged, compared to its average volume of 96,228. The company has a fifty day simple moving average of €47.82 and a 200 day simple moving average of €43.62. Ahold has a fifty-two week low of €32.25 and a fifty-two week high of €50.02. The company has a current ratio of 0.71, a quick ratio of 0.42 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $38.99 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 2.56 and a beta of 0.48.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Zacks Research lowered shares of Ahold from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Wall Street Zen lowered shares of Ahold from a “strong-buy” rating to a “buy” rating in a report on Monday, March 23rd. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “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.