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

Ahold (OTCMKTS:ADRNY) released its earnings results on Wednesday. The company reported €0.79 earnings per share for the quarter, topping analysts’ consensus estimates of €0.76 by €0.03, Zacks reports. Ahold had a net margin of 2.45% and a return on equity of 16.64%.

Ahold Stock Up 7.3%

ADRNY traded up €2.62 during midday trading on Wednesday, reaching €38.59. The company’s stock had a trading volume of 85,486 shares, compared to its average volume of 140,174. The firm has a market capitalization of $33.71 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 1.68 and a beta of 0.44. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 0.34. Ahold has a 1 year low of €32.25 and a 1 year high of €50.02. The stock’s 50-day moving average is €36.21 and its 200-day moving average is €41.40.

About Ahold

Ahold Delhaize is an international food retail and e-commerce company headquartered in Zaandam, the Netherlands. The company operates supermarkets, convenience stores and online grocery businesses, selling fresh food, packaged groceries, household products, health and beauty items, and other consumer goods. Its brands also provide digital ordering, delivery and pickup services in many markets.

The company was formed in 2016 through the merger of Koninklijke Ahold and Delhaize Group. Its retail brands include Albert Heijn, bol, Delhaize, Food Lion, Giant Food, Hannaford, Stop & Shop, Giant Company, and other regional banners.