Kroger Co (NYSE:KR) Expected to Post FY2018 Earnings of $2.03 Per Share

Kroger Co (NYSE:KR) – Equities researchers at Jefferies Group raised their FY2018 earnings estimates for Kroger in a research note issued on Friday, according to Zacks Investment Research. Jefferies Group analyst C. Mandeville now expects that the company will post earnings per share of $2.03 for the year, up from their prior forecast of $2.02. Jefferies Group currently has a “Buy” rating and a $33.00 price target on the stock. Jefferies Group also issued estimates for Kroger’s Q1 2019 earnings at $0.58 EPS, FY2019 earnings at $1.94 EPS and FY2021 earnings at $2.35 EPS.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The company had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. Kroger’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share.

Other analysts have also recently issued reports about the company. BMO Capital Markets set a $31.00 price objective on Kroger and gave the company a “hold” rating in a research report on Wednesday, January 24th. Goldman Sachs Group restated a “neutral” rating and issued a $22.00 price objective on shares of Kroger in a research report on Tuesday, November 14th. Oppenheimer restated a “hold” rating and issued a $26.00 price objective on shares of Kroger in a research report on Monday, December 4th. Moffett Nathanson assumed coverage on Kroger in a research report on Monday, December 4th. They issued a “buy” rating for the company. Finally, Wells Fargo & Co restated an “outperform” rating and issued a $26.00 price objective on shares of Kroger in a research report on Friday, November 3rd. Seventeen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $29.57.

Kroger (NYSE:KR) traded down $0.51 during trading on Monday, hitting $30.83. The stock had a trading volume of 11,301,325 shares, compared to its average volume of 10,130,000. The stock has a market capitalization of $27,170.00, a PE ratio of 18.35, a PEG ratio of 4.05 and a beta of 0.93. Kroger has a 1-year low of $19.69 and a 1-year high of $34.75. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.85 and a quick ratio of 0.31.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, February 14th. Kroger’s dividend payout ratio (DPR) is currently 29.76%.

In other news, VP Michael Joseph Donnelly sold 15,400 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $27.66, for a total value of $425,964.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Carin L. Fike sold 1,538 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $25.61, for a total value of $39,388.18. Following the completion of the transaction, the vice president now directly owns 25,956 shares in the company, valued at approximately $664,733.16. The disclosure for this sale can be found here. Insiders have sold 117,868 shares of company stock worth $3,403,416 in the last three months. 0.87% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Howe & Rusling Inc. acquired a new position in Kroger during the 3rd quarter worth about $103,000. Mountain Capital Investment Advisors Inc acquired a new position in Kroger during the 2nd quarter worth about $128,000. Bessemer Group Inc. lifted its stake in Kroger by 97.2% during the 4th quarter. Bessemer Group Inc. now owns 4,980 shares of the company’s stock worth $136,000 after acquiring an additional 2,455 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Kroger by 85.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,888 shares of the company’s stock worth $137,000 after acquiring an additional 2,708 shares in the last quarter. Finally, Archford Capital Strategies LLC lifted its stake in Kroger by 38,135.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 13,000 shares of the company’s stock worth $139,000 after acquiring an additional 12,966 shares in the last quarter. 79.61% of the stock is currently owned by institutional investors and hedge funds.

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Kroger Company Profile

The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.

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Earnings History and Estimates for Kroger (NYSE:KR)

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