Oppenheimer Comments on Kroger Co’s FY2018 Earnings (KR)

Kroger Co (NYSE:KR) – Equities research analysts at Oppenheimer increased their FY2018 earnings per share (EPS) estimates for shares of Kroger in a report issued on Monday. Oppenheimer analyst R. Parikh now anticipates that the company will earn $2.00 per share for the year, up from their previous forecast of $1.95. Oppenheimer currently has a “Hold” rating and a $26.00 price target on the stock. Oppenheimer also issued estimates for Kroger’s Q4 2018 earnings at $0.59 EPS and FY2019 earnings at $1.85 EPS.

Several other analysts have also recently weighed in on KR. BidaskClub raised shares of Kroger from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Telsey Advisory Group increased their price target on shares of Kroger from $24.00 to $28.00 and gave the company a “market perform” rating in a research note on Friday, December 1st. BMO Capital Markets set a $29.00 price target on shares of Kroger and gave the company a “hold” rating in a research note on Friday, December 1st. Pivotal Research set a $30.00 price target on shares of Kroger and gave the company a “buy” rating in a research note on Saturday. Finally, Stephens began coverage on shares of Kroger in a research note on Friday, August 11th. They issued an “underweight” rating and a $20.00 price target for the company. Eighteen research analysts have rated the stock with a hold rating, nine 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 an average target price of $29.16.

Kroger (NYSE:KR) traded down $0.66 during trading on Wednesday, hitting $26.22. 11,321,500 shares of the stock traded hands, compared to its average volume of 12,367,680. Kroger has a twelve month low of $19.69 and a twelve month high of $36.44. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85. The stock has a market cap of $23,600.00, a PE ratio of 13.86, a price-to-earnings-growth ratio of 3.55 and a beta of 0.93.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were issued a $0.125 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.91%. Kroger’s dividend payout ratio is currently 29.76%.

In other Kroger news, VP Carin L. Fike sold 1,538 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $25.61, for a total transaction of $39,388.18. Following the sale, the vice president now directly owns 25,956 shares in the company, valued at approximately $664,733.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jorge P. Montoya sold 10,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $26.98, for a total transaction of $269,800.00. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Kroger by 497.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock worth $129,000 after buying an additional 4,390 shares in the last quarter. Frontier Investment Mgmt Co. lifted its holdings in Kroger by 107.2% during the 2nd quarter. Frontier Investment Mgmt Co. now owns 50,142 shares of the company’s stock worth $1,169,000 after buying an additional 25,940 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its holdings in Kroger by 66.3% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 87,411 shares of the company’s stock worth $1,776,000 after buying an additional 34,856 shares in the last quarter. AMG National Trust Bank lifted its holdings in Kroger by 107.3% during the 2nd quarter. AMG National Trust Bank now owns 69,867 shares of the company’s stock worth $1,629,000 after buying an additional 36,164 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in Kroger by 10.0% during the 3rd quarter. Toronto Dominion Bank now owns 347,530 shares of the company’s stock worth $6,971,000 after buying an additional 31,561 shares in the last quarter. Institutional investors own 79.10% of the company’s stock.

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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.

Earnings History and Estimates for Kroger (NYSE:KR)

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