The Kroger Co. (NYSE: KR) – Research analysts at Jefferies Financial Group reduced their earnings per share estimates for Q2 2022 for The Kroger shares in a report released on Wednesday March 24th. Jefferies Financial Group analyst M. Fishbein now predicts the company will earn $ 0.50 per share for the quarter, compared to its previous forecast of $ 0.55. Jefferies Financial Group also estimates The Kroger’s earnings for the third quarter of 2022 at $ 0.47 per share, for the fourth quarter of 2022 at $ 0.59 per share, for the first quarter of 2023 at $ 1.14 each Stock, known for the second quarter of 2023 at $ 0.45 per share, for the third quarter of 2023 at $ 0.45 per share, and for the fourth quarter of 2023 at $ 0.58 per share, FY2023 earnings at $ 2.63 per share and FY2024 earnings at $ 2.86 per share.
Other analysts recently released research reports on the stock. Telsey Advisory Group downgraded The Kroger’s shares from an “Outperform” rating to a “Market Perform” rating and lowered its price target on the stock from $ 43.00 in a report on Thursday, January 28th $ 39.00. Smith Barney Citigroup lowered its target price on shares of The Kroger from USD 36.00 to USD 33.00 and rated the company as “neutral” in a research report on Friday, December 4th. Bank of America lowered The Kroger’s stock from a “neutral” rating to an “underperform” rating and lowered its price target on the stock from $ 40.00 to $ 28 in a research report on Tuesday, February 23rd .00 USD. Barclays downgraded The Kroger’s stock from an “equilibrium” rating to an “underweight” rating and set a price target of $ 31.00 for the company. in a research report on Thursday, January 7th. Finally, Citigroup Inc. lowered its target price on shares of The Kroger from $ 36.00 to $ 33.00 and rated the company in a research report on Friday, December 4th, as a 3% Minimum Coupon Principal Protected Based on Russell “neutral”. Five research analysts have rated the stock with a sell rating, seventeen with a hold rating and three with a buy rating. The company has a consensus rating of “Hold” and an average price target of $ 33.74.
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NYSE KR shares opened at $ 35.71 on Thursday. The company has a 50-day simple moving average of $ 34.09 and a 200-day simple moving average of $ 33.14. The company has a market cap of $ 27.19 billion, a P / E of 9.52, a P / E of 1.51, and a beta of 0.36. The company has a leverage ratio of 1.19, a current rate of 0.83, and a fast rate of 0.35. The Kroger has a 1-year low of $ 27.33 and a 1-year high of $ 42.99. The Kroger (NYSE: KR) last announced its quarterly results on Wednesday, March 3rd. The company reported earnings per share for the quarter of $ 0.81, beating Zacks’ consensus estimate of $ 0.69 by $ 0.12. The company had revenue of $ 30.74 billion for the quarter, compared to the consensus estimate of $ 30.79 billion. The Kroger had a net margin of 2.29% and a return on equity of 27.26%. The company’s sales increased 6.4% compared to the same quarter of the previous year. For the same quarter last year, the company posted earnings of $ 0.57 per share.
The company recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Friday May 14th will receive a dividend of $ 0.18 per share. The ex-dividend day is Thursday, May 13th. This equates to an annualized dividend of $ 0.72 and a dividend yield of 2.02%. Kroger’s dividend payout ratio (DPR) is currently 32.73%.
In related news, SVP Mark C. Tuffin sold 21,000 shares of Kroger stock in one transaction on Monday March 22nd. The shares were sold at an average price of $ 36.00 for a total transaction of $ 756,000.00. Following the sale, the senior vice president now directly owns 243,243 shares in the company valued at approximately $ 8,756,748. The sale was disclosed in a document filed with the Securities & Exchange Commission and available via this hyperlink. In addition, on Monday, December 28, 2000 VP Carin L. Fike sold Kroger shares in a transaction. The stock was sold at an average price of $ 31.53 for a total transaction of $ 63,060.00. The disclosure for this sale can be found here. In the past ninety days, insiders have sold 54,730 shares in the company, valued at $ 1,996,651. Corporate insiders own 1.34% of the company’s stock.
A number of major investors recently changed their positions in KR. Diversified LLC acquired a new stake in The Kroger for $ 26,000 in the fourth quarter. Mcmillion Capital Management Inc. took a new position in shares of The Kroger valued at approximately $ 29,000 in the fourth quarter. Rocky Mountain Advisers LLC increased its stake in The Kroger by 46.0% in the fourth quarter. Rocky Mountain Advisers LLC now owns 952 shares of the company valued at $ 30,000 after purchasing an additional 300 shares during the period. Clear Perspectives Financial Planning LLC took a new position in shares of The Kroger valued at approximately $ 30,000 in the fourth quarter. Eventually, Paces Ferry Wealth Advisors LLC acquired a new position in shares of The Kroger valued at approximately $ 31,000 in the third quarter. Hedge funds and other institutional investors own 84.64% of the company’s shares.
The Kroger company profile
Kroger Co operates as a retailer in the USA. The company operates supermarkets, department stores, marketplaces and warehouses for price impact. The combination of grocery and drugstores offers natural food and organic areas, pharmacies, general goods, animal centers, fresh seafood and organic products. and department stores sell apparel, home fashion and furniture, outdoor living, electronics, automotive products, and toys.
Further reading: What is the diluted earnings per share (diluted EPS)?
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