Ahold (OTCMKTS:ADRNY) Posts Quarterly Earnings Results

Ahold (OTCMKTS:ADRNY) issued its quarterly earnings data on Wednesday. The company reported €0.74 earnings per share for the quarter, beating analysts’ consensus estimates of €0.72 by €0.02, Zacks reports. Ahold had a return on equity of 16.70% and a net margin of 2.45%.

Ahold Price Performance

OTCMKTS:ADRNY opened at €39.01 on Friday. The firm has a market capitalization of $34.35 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.89 and a beta of 0.44. Ahold has a 1 year low of €32.25 and a 1 year high of €50.02. The business has a 50 day simple moving average of €40.49 and a 200-day simple moving average of €43.69. 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 Upgrades and Downgrades

A number of equities research analysts recently commented on ADRNY shares. The Goldman Sachs Group downgraded 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 note 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 company. According to data from MarketBeat.com, Ahold 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.