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.
(Display)
See how this little, unknown gold company has secured a prime land package right next to the world’s two largest gold producers in the famous Carlin Trend in Nevada, which has already produced 84 million ounces of gold. Best of all, investors can still get in well below $ 0.50 per share.
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.
See also: How is the LIBOR rate calculated?
Get a free copy of the Zacks Research Report on The Kroger (KR)
For more information on Zacks Investment Research’s research offerings, please visit Zacks.com
This instant news alert was generated through narrative science technology and financial data from MarketBeat to deliver the fastest, most accurate coverage to readers. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]
Sponsored Article: How to Calculate the Ratio of Debt to Equity
7 Internet of Things stocks that are a perfect fit for our connected future
When you talk about the Internet of Things (IoT), you might get different answers. I like to think of it as a connection in general. It’s about devices that can connect to each other and to the Internet. This means that solutions are available to users that make our lives more comfortable.
The simplest and most ubiquitous example of an IoT device is the smartphone that many of us carry with us all the time. But think about what that did. Home assistants, security cameras, fitness apps and much more are made possible by the Internet of Things.
IoT became even more important in the pandemic as companies needed to find a way to keep their networks safe and viable, even when their workforce was dispersed. This led to a demand for edge and cloud computing solutions, which are also made possible by the Internet of Things.
And yes, this is just the beginning. The need for more and more data is driving the demand for IoT solutions in areas such as autonomous vehicles.
But the good news is that this area is still growing. And that means there is no shortage of companies to find in this industry. To get you started, we’ve put together this particular presentation that highlights seven such companies and the reasons we think they deserve an addition to your portfolio.
Check out the “7 Internet of Things Stocks That Fit Our Connected Future Perfectly”.
Comments are closed.