Safeway (SWY) Set to Announce Earnings on Thursday
Safeway (NYSE:SWY) is set to post its Q313 quarterly earnings results on Thursday, October 10th. Analysts expect Safeway to post earnings of $0.18 per share and revenue of $8.53 billion for the quarter. Safeway has set its FY13 guidance at $2.25-2.45 EPS.
Safeway (NYSE:SWY) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.01. The company had revenue of $8.70 billion for the quarter, compared to the consensus estimate of $10.45 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis.
Shares of Safeway (NYSE:SWY) opened at 30.81 on Wednesday. Safeway has a 52 week low of $15.00 and a 52 week high of $32.72. The stock has a 50-day moving average of $28.83 and a 200-day moving average of $25.79. The company has a market cap of $7.354 billion and a price-to-earnings ratio of 14.32.
A number of research firms have recently commented on SWY. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Safeway in a research note to investors on Tuesday. They now have a $37.00 price target on the stock. On a related note, analysts at Citigroup Inc. raised their price target on shares of Safeway from $27.00 to $31.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Safeway in a research note to investors on Monday. They set a “hold” rating and a $32.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $28.75.
Safeway Inc (NYSE:SWY) is a food and drug retailer in North America.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.