Kroger (NYSE:KR) Releases Earnings Results, Beats Expectations By $0.01 EPS

Kroger (NYSE:KR) posted its quarterly earnings data on Thursday, June 20th. The company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01, reports. The company had revenue of $37.25 billion during the quarter, compared to analysts’ expectations of $37.27 billion. Kroger had a net margin of 1.54% and a return on equity of 21.79%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. Kroger updated its FY20 guidance to $2.15-2.25 EPS.

KR stock traded up $0.13 during midday trading on Friday, reaching $21.89. 6,049,950 shares of the company were exchanged, compared to its average volume of 10,961,429. The company has a current ratio of 0.75, a quick ratio of 0.25 and a debt-to-equity ratio of 2.16. The company has a market capitalization of $17.38 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 1.54 and a beta of 0.62. The company’s 50-day moving average price is $22.88. Kroger has a 1-year low of $21.17 and a 1-year high of $32.74.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.16 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.64 dividend on an annualized basis and a yield of 2.92%. This is a boost from Kroger’s previous quarterly dividend of $0.14. Kroger’s dividend payout ratio (DPR) is presently 26.54%.

A number of equities research analysts recently issued reports on KR shares. TheStreet lowered shares of Weis Markets from a “b-” rating to a “c+” rating in a report on Wednesday, June 5th. Bank of America started coverage on shares of HUYA in a report on Wednesday, May 29th. They issued a “buy” rating and a $26.00 price objective for the company. ValuEngine raised shares of Zogenix from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Zacks Investment Research raised shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a report on Friday, May 31st. Finally, Sanford C. Bernstein raised shares of Kroger from a “market perform” rating to an “outperform” rating and set a $33.00 target price for the company in a research note on Monday, May 20th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. Kroger has a consensus rating of “Hold” and an average target price of $29.00.

In other Kroger news, Director Ronald Sargent bought 5,000 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were acquired at an average cost of $21.49 per share, for a total transaction of $107,450.00. Following the completion of the transaction, the director now owns 94,660 shares in the company, valued at approximately $2,034,243.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan J. Kropf sold 13,000 shares of Kroger stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $21.64, for a total transaction of $281,320.00. Following the completion of the transaction, the director now owns 101,171 shares in the company, valued at $2,189,340.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,416 shares of company stock worth $1,013,895. Insiders own 1.34% of the company’s stock.

About Kroger

The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. 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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Earnings History for Kroger (NYSE:KR)

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