Kroger Co (KR) Expected to Announce Earnings of $0.52 Per Share

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Brokerages expect that Kroger Co (NYSE:KR) will post $0.52 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Kroger’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.59. Kroger reported earnings of $0.63 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 17.5%. The firm is scheduled to issue its next quarterly earnings report on Thursday, March 14th.

According to Zacks, analysts expect that Kroger will report full year earnings of $2.11 per share for the current fiscal year, with EPS estimates ranging from $2.08 to $2.15. For the next fiscal year, analysts forecast that the business will post earnings of $2.25 per share, with EPS estimates ranging from $2.12 to $2.35. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Kroger.

Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, December 6th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The firm had revenue of $27.67 billion during the quarter, compared to the consensus estimate of $27.64 billion. Kroger had a net margin of 3.05% and a return on equity of 28.05%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 earnings per share.

KR has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Kroger from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, August 21st. Jefferies Financial Group increased their price objective on shares of Kroger from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Credit Suisse Group set a $32.00 price objective on shares of Kroger and gave the stock a “buy” rating in a research report on Friday, October 5th. Bank of America increased their price objective on shares of Kroger from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Morgan Stanley decreased their price objective on shares of Kroger from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, September 27th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Kroger has a consensus rating of “Hold” and a consensus target price of $31.67.

KR stock opened at $29.17 on Wednesday. Kroger has a 52-week low of $22.85 and a 52-week high of $32.74. The company has a quick ratio of 0.26, a current ratio of 0.73 and a debt-to-equity ratio of 1.65. The firm has a market cap of $22.84 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 2.01 and a beta of 0.79.

The business also recently declared a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Thursday, November 15th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Wednesday, November 14th. Kroger’s payout ratio is 27.45%.

In other Kroger news, insider Mary Ellen Adcock sold 1,850 shares of the firm’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $31.21, for a total value of $57,738.50. Following the completion of the sale, the insider now directly owns 97,119 shares in the company, valued at $3,031,083.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Clyde R. Moore sold 13,000 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $29.06, for a total transaction of $377,780.00. The disclosure for this sale can be found here. Insiders sold 51,425 shares of company stock valued at $1,480,298 over the last 90 days. Corporate insiders own 1.07% of the company’s stock.

Large investors have recently bought and sold shares of the business. Lee Financial Co acquired a new stake in Kroger in the third quarter worth $101,000. Landaas & Co. WI ADV acquired a new stake in Kroger in the second quarter worth $100,000. Bridgeworth LLC acquired a new position in shares of Kroger during the second quarter valued at about $109,000. CSat Investment Advisory L.P. acquired a new position in shares of Kroger during the second quarter valued at about $109,000. Finally, Central Bank & Trust Co. grew its holdings in shares of Kroger by 290.6% during the third quarter. Central Bank & Trust Co. now owns 4,234 shares of the company’s stock valued at $123,000 after buying an additional 3,150 shares during the last quarter. Institutional investors and hedge funds own 79.94% of the company’s stock.

Kroger Company Profile

The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.

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