Brokerages expect The Kroger Co. (NYSE:KR – Get Rating) to announce sales of $43.22 billion for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Kroger’s earnings, with the lowest sales estimate coming in at $42.41 billion and the highest estimate coming in at $44.19 billion. Kroger posted sales of $41.30 billion in the same quarter last year, which would indicate a positive year over year growth rate of 4.6%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Kroger will report full-year sales of $142.23 billion for the current financial year, with estimates ranging from $139.47 billion to $144.46 billion. For the next fiscal year, analysts expect that the business will report sales of $146.02 billion, with estimates ranging from $143.04 billion to $148.38 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Kroger.
Kroger (NYSE:KR – Get Rating) last announced its quarterly earnings results on Thursday, March 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.17. The business had revenue of $33.05 billion for the quarter, compared to analyst estimates of $32.66 billion. Kroger had a net margin of 1.20% and a return on equity of 29.97%. The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS.
KR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Kroger from $44.00 to $45.00 in a report on Friday, February 25th. Evercore ISI raised their target price on shares of Kroger from $49.00 to $50.00 and gave the stock an “inline” rating in a research report on Tuesday, March 1st. BNP Paribas raised shares of Kroger from an “underperform” rating to a “neutral” rating and set a $60.00 target price for the company in a research report on Friday, April 22nd. Scotiabank raised their target price on shares of Kroger from $60.00 to $64.00 in a research report on Thursday, March 10th. Finally, Citigroup cut shares of Kroger from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $47.00 to $42.00 in a research report on Friday, January 28th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $50.95.
In related news, SVP Timothy A. Massa sold 50,283 shares of the business’s stock in a transaction that occurred on Thursday, April 21st. The shares were sold at an average price of $58.03, for a total transaction of $2,917,922.49. Following the completion of the sale, the senior vice president now directly owns 163,956 shares in the company, valued at $9,514,366.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christine S. Wheatley sold 115,869 shares of the business’s stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of $55.49, for a total transaction of $6,429,570.81. The disclosure for this sale can be found here. Insiders sold 432,968 shares of company stock valued at $24,877,771 over the last quarter. Company insiders own 1.35% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kozak & Associates Inc. purchased a new position in Kroger during the third quarter valued at approximately $25,000. Andrew Hill Investment Advisors Inc. purchased a new position in Kroger during the fourth quarter valued at approximately $26,000. Key Financial Inc lifted its holdings in Kroger by 81.6% during the first quarter. Key Financial Inc now owns 445 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Hoey Investments Inc. purchased a new position in Kroger during the first quarter valued at approximately $29,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Kroger during the first quarter valued at approximately $29,000. Institutional investors own 81.52% of the company’s stock.
Shares of Kroger stock opened at $52.14 on Friday. The firm has a market cap of $37.59 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 1.27 and a beta of 0.49. Kroger has a 12-month low of $36.17 and a 12-month high of $62.78. The company has a quick ratio of 0.33, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. The company’s fifty day simple moving average is $55.53 and its two-hundred day simple moving average is $49.54.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be paid a $0.21 dividend. The ex-dividend date is Thursday, May 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.61%. Kroger’s dividend payout ratio is presently 38.53%.
Kroger Company Profile (Get Rating)
The Kroger Co operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.
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