Kroger Co (NYSE:KR) Expected to Post Earnings of $0.42 Per Share

Brokerages expect Kroger Co (NYSE:KR) to announce earnings of $0.42 per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Kroger’s earnings, with estimates ranging from $0.40 to $0.45. Kroger reported earnings per share of $0.41 in the same quarter last year, which would indicate a positive year over year growth rate of 2.4%. The business is expected to report its next quarterly earnings results on Thursday, September 12th.

On average, analysts expect that Kroger will report full year earnings of $2.17 per share for the current financial year, with EPS estimates ranging from $2.13 to $2.25. For the next fiscal year, analysts expect that the business will post earnings of $2.33 per share, with EPS estimates ranging from $2.16 to $2.49. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Kroger.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, June 20th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The business had revenue of $37.25 billion during the quarter, compared to analyst estimates of $37.27 billion. Kroger had a net margin of 1.54% and a return on equity of 21.79%. Kroger’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.73 earnings per share.

Several research firms recently commented on KR. Bank of America reduced their price target on shares of Kroger from $37.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, May 29th. Zacks Investment Research raised shares of Kroger from a “sell” rating to a “hold” rating and set a $26.00 price target on the stock in a research note on Friday, May 31st. BMO Capital Markets reduced their price target on shares of Kroger to $24.00 and set a “market perform” rating on the stock in a research note on Tuesday, June 18th. Sanford C. Bernstein raised shares of Kroger from a “market perform” rating to an “outperform” rating and set a $33.00 target price on the stock in a research report on Monday, May 20th. Finally, ValuEngine raised shares of Kroger from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $28.61.

Shares of Kroger stock traded up $0.01 during trading on Thursday, hitting $23.00. The stock had a trading volume of 205,706 shares, compared to its average volume of 11,477,530. The firm’s fifty day simple moving average is $21.98 and its 200-day simple moving average is $24.49. The stock has a market cap of $18.10 billion, a PE ratio of 10.91, a PEG ratio of 1.60 and a beta of 0.62. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.75 and a quick ratio of 0.25. Kroger has a 12 month low of $20.70 and a 12 month high of $32.74.

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Thursday, August 15th will be paid a $0.16 dividend. The ex-dividend date is Wednesday, August 14th. This is a boost from Kroger’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a yield of 2.78%. Kroger’s dividend payout ratio (DPR) is 30.33%.

In other Kroger news, insider Stephen M. Mckinney sold 15,600 shares of Kroger stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $22.05, for a total transaction of $343,980.00. Following the completion of the sale, the insider now directly owns 168,070 shares in the company, valued at approximately $3,705,943.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP J Michael Schlotman sold 15,000 shares of Kroger stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $22.01, for a total transaction of $330,150.00. Following the sale, the executive vice president now owns 270,655 shares of the company’s stock, valued at $5,957,116.55. The disclosure for this sale can be found here. Insiders sold a total of 43,600 shares of company stock valued at $955,450 over the last quarter. 1.34% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of KR. Victory Capital Management Inc. increased its holdings in shares of Kroger by 30.2% during the 2nd quarter. Victory Capital Management Inc. now owns 10,689,834 shares of the company’s stock valued at $232,077,000 after purchasing an additional 2,477,585 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Kroger by 170.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,450,595 shares of the company’s stock valued at $74,912,000 after purchasing an additional 2,173,370 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Kroger by 27.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,038,624 shares of the company’s stock valued at $221,075,000 after purchasing an additional 1,726,318 shares in the last quarter. Nordea Investment Management AB increased its holdings in Kroger by 87.5% in the 1st quarter. Nordea Investment Management AB now owns 3,514,384 shares of the company’s stock worth $86,454,000 after acquiring an additional 1,639,961 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Kroger by 13.5% in the 1st quarter. Janus Henderson Group PLC now owns 13,586,811 shares of the company’s stock worth $334,238,000 after acquiring an additional 1,620,668 shares in the last quarter. 80.31% of the stock is owned by hedge funds and other institutional investors.

Kroger Company Profile

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 and Estimates for Kroger (NYSE:KR)

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