Ahold (OTCMKTS:ADRNY) Issues Quarterly Earnings Results

Ahold (OTCMKTS:ADRNY) posted its quarterly earnings results on Wednesday. The company reported €0.78 earnings per share for the quarter, Zacks reports. Ahold had a return on equity of 15.88% and a net margin of 2.02%.

Ahold Price Performance

Shares of OTCMKTS:ADRNY traded up €0.20 during midday trading on Wednesday, hitting €41.00. The stock had a trading volume of 33,901 shares, compared to its average volume of 83,647. Ahold has a fifty-two week low of €31.64 and a fifty-two week high of €43.26. The company has a market capitalization of $37.02 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 1.85 and a beta of 0.47. The company has a quick ratio of 0.43, a current ratio of 0.72 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is €40.80 and its 200-day moving average price is €41.00.

Ahold Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, August 28th. Investors of record on Tuesday, August 12th were issued a dividend of $0.4157 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a dividend yield of 250.0%. Ahold’s payout ratio is presently 42.01%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Ahold from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Zacks Research downgraded Ahold from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, UBS Group upgraded shares of Ahold from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ahold currently has an average rating of “Moderate Buy”.

Ahold Company Profile

Koninklijke Ahold Delhaize N.V. operates retail food stores and e-commerce in the United States, Europe, and internationally. The company's stores offer produce, dairy, meat, deli, bakery, seafood, and frozen products; grocery, beer, and wine; floral, pet food, health and beauty care, kitchen and cookware, gardening tools, general merchandise articles, electronics, newspapers and magazines, tobacco, etc.; gasoline; and pharmacy products.