Kroger (NYSE:KR) updated its FY 2018 earnings guidance on Thursday. The company provided EPS guidance of $2.00-2.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.12.
KR has been the subject of a number of analyst reports. Wells Fargo & Co upped their price target on Kroger from $33.00 to $36.00 and gave the stock an outperform rating in a report on Monday, September 10th. Credit Suisse Group set a $33.00 price target on Kroger and gave the stock a hold rating in a report on Friday, September 7th. Stephens set a $29.00 price target on Kroger and gave the stock a hold rating in a report on Friday, September 7th. Zacks Investment Research raised Kroger from a hold rating to a buy rating and set a $35.00 price target for the company in a report on Tuesday, August 21st. Finally, Telsey Advisory Group upped their price target on Kroger from $29.00 to $31.00 and gave the stock a market perform rating in a report on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $31.11.
NYSE:KR opened at $28.64 on Thursday. Kroger has a 12 month low of $22.85 and a 12 month 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 company has a market cap of $22.84 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 2.01 and a beta of 0.79.
Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, September 13th. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The company had revenue of $27.87 billion during the quarter, compared to analyst estimates of $27.95 billion. Kroger had a return on equity of 28.05% and a net margin of 3.05%. Kroger’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 EPS. Equities research analysts forecast that Kroger will post 2.11 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Saturday, December 1st. Stockholders of record on Thursday, November 15th were given a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.96%. Kroger’s dividend payout ratio (DPR) is presently 27.45%.
In related news, insider Erin S. Sharp sold 25,314 shares of the stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $29.00, for a total value of $734,106.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mary Ellen Adcock sold 1,850 shares of the stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $31.21, for a total value of $57,738.50. Following the completion of the transaction, the insider now owns 97,119 shares of the company’s stock, valued at $3,031,083.99. 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. Company insiders own 1.07% of the company’s stock.
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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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