According to Zacks, stock analysts expect The Kroger Co. (NYSE: KR) to report earnings of $ 0.57 per share for the current quarter. Four analysts have estimated The Kroger’s earnings, with the highest EPS estimate at $ 0.65 and the lowest estimate at $ 0.50. The Kroger reported earnings per share of $ 0.73 for the year-ago quarter, indicating a negative year-over-year growth rate of 21.9%. The company is expected to announce its next quarterly results on Friday, September 10th.
According to Zacks, analysts expect The Kroger to post annual earnings of $ 2.90 per share for the current fiscal year, with EPS estimates ranging between $ 2.70 and $ 3.10. For the next fiscal year, analysts expect the company to post earnings of $ 2.99 per share, with EPS estimates ranging between $ 2.65 and $ 3.26. Zacks’ EPS calculations are an average average based on a survey of research companies covering The Kroger.
The Kroger (NYSE: KR) last announced its quarterly earnings data on Wednesday June 16th. The company reported earnings per share (EPS) for the quarter of $ 1.19, beating the consensus estimate of $ 0.99 by $ 0.20. The company had revenue of $ 41.30 billion for the quarter, compared to the consensus estimate of $ 39.87 billion. The Kroger had a net margin of 1.95% and a return on equity of 28.31%. The company’s quarterly sales were down 0.6% compared to the same quarter of the previous year. For the same quarter last year, the company had earnings per share of $ 1.22.
A number of brokerage firms have published reports on KR. Bank of America downgraded The Kroger from a “neutral” rating to an “underperform” rating and lowered its price target for the stock from $ 40.00 to $ 28.00 in a research release on Tuesday, February 23. The Goldman Sachs Group confirmed a “sell” rating in a research report on Monday May 10th and set a price target of $ 31.00 (previously $ 37.00) on The Kroger’s shares. Credit Suisse Group raised its price target for The Kroger shares from USD 34.00 to USD 36.00 and rated the company as “neutral” in a report on Friday. Citigroup Inc. 3% minimum coupon capital protection based on Russell raised its target price for The Kroger from $ 37.00 to $ 41.00 and rated the stock as “neutral” in a report on Friday. Finally, the UBS Group raised its target price for The Kroger from USD 35.00 to USD 40.00 and rated the company as “neutral” in a report on Friday. Four research analysts have given the stock a sell rating, thirteen with a hold rating and two with a buy rating. The company currently has an average rating of “Hold” and a consensus price target of $ 35.26.
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In related news, SVP Timothy A. Massa sold 16,000 shares in the company in one transaction on Monday, April 19. The stock sold at an average price of $ 37.58 for a total transaction of $ 601,280.00. Following the transaction, the senior vice president now directly owns 198,298 shares in the company valued at $ 7,452,038.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed on the SEC website. In addition, VP Carin L. Fike sold 6,000 shares of The Kroger in a transaction on Thursday April 8th. The stock sold at an average price of $ 37.09 for a total transaction of $ 222,540.00. Upon completion of the transaction, the Vice President now directly owns 41,244 shares in the company valued at approximately $ 1,529,739.96. The disclosure for this sale can be found here. Insiders sold a total of 66,000 shares in the company last quarter, valued at $ 2,430,220. 1.35% of the shares are currently owned by insiders.
A number of hedge funds have recently changed their holdings in KR. BlackRock Inc. increased its stake in The Kroger stock by 2.5% in the first quarter. BlackRock Inc. now owns 74,072,030 shares of the company valued at $ 2,665,850,000 after purchasing an additional 1,841,672 shares last quarter. Berkshire Hathaway Inc increased its position in The Kroger 52.3% in the first quarter. Berkshire Hathaway Inc now owns 51,060,296 shares in the company valued at $ 1,837,660,000 after purchasing an additional 17,526,279 shares during the reporting period. Dimensional Fund Advisors LP increased its stake in The Kroger by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 10,912,090 shares in the company, valued at $ 392,935,000, after purchasing an additional 406,343 shares last quarter. Bank of New York Mellon Corp increased its stake in The Kroger by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 7,958,154 shares in the company valued at $ 286,414,000 after purchasing an additional 58,494 shares during the reporting period. Finally, Norges Bank acquired a new stake in The Kroger in the fourth quarter valued at approximately $ 226,065,000. Institutional investors own 82.65% of the company’s stock.
Shares in KR stock fell $ 0.43 during Friday’s midday trading to hit $ 38.75. 16,210,760 shares of the company were exchanged compared to an average volume of 10,111,436 shares. The stock has a market capitalization of $ 29.34 billion, a P / E ratio of 11.92, a price-to-earnings-growth ratio of 2.15, and a beta of 0.36. The company has a 50-day simple moving average of $ 37.46. The Kroger has a 52-week low of $ 30.35 and a 52-week high of $ 42.99. The company has a current key figure of 0.81, a quick ratio of 0.35 and a leverage ratio of 1.31.
About The Kroger
The Kroger Co operates as a retailer in the United States. The company operates combined food and drug stores, multi-department stores, marketplaces and mark-up warehouses. Its combined grocery and drug stores offer natural and organic sections, pharmacies, general merchandise, animal centers, fresh seafood, and organic products; and multi-department stores offer clothing, home fashion and furnishings, outdoor living, electronics, automotive products and toys.
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