Ahold (OTCMKTS:ADRNY) Announces Quarterly Earnings Results

Ahold (OTCMKTS:ADRNY) posted its quarterly earnings results on Wednesday. The company reported €0.85 earnings per share for the quarter, topping analysts’ consensus estimates of €0.78 by €0.07, Zacks reports. Ahold had a return on equity of 16.23% and a net margin of 2.25%.

Ahold Stock Performance

Shares of OTCMKTS ADRNY traded up €4.65 during trading hours on Wednesday, hitting €45.81. 21,811 shares of the company’s stock were exchanged, compared to its average volume of 68,526. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.70 and a quick ratio of 0.42. The company’s 50-day moving average price is €40.13 and its 200-day moving average price is €40.57. The stock has a market capitalization of $40.88 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 2.34 and a beta of 0.50. Ahold has a 1-year low of €32.25 and a 1-year high of €45.81.

Analysts Set New Price Targets

A number of equities analysts recently commented on ADRNY shares. UBS Group upgraded Ahold from a “strong sell” rating to a “hold” rating in a report on Thursday, October 16th. Kepler Capital Markets upgraded shares of Ahold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Finally, Zacks Research downgraded shares of Ahold from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus 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.