Ahold (OTCMKTS:ADRNY – Get Free Report) released its earnings results on Wednesday. The company reported €0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 Performance
ADRNY traded up €0.07 during trading on Wednesday, hitting €39.73. The stock had a trading volume of 11,463 shares, compared to its average volume of 117,610. The company has a 50 day moving average price of €40.62 and a 200-day moving average price of €43.69. The firm has a market cap of $34.98 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 1.89 and a beta of 0.44. Ahold has a one year low of €32.25 and a one year high of €50.02. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.46.
Analyst Ratings Changes
Several research analysts recently commented on ADRNY shares. The Goldman Sachs Group cut Ahold from a “strong-buy” rating to a “neutral” rating in a research report on Monday, June 1st. Royal Bank Of Canada raised Ahold to a “hold” rating in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Ahold has a consensus 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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