Brokerages expect that Kroger Co (NYSE:KR) will announce sales of $36.81 billion for the current quarter, Zacks reports. Three analysts have issued estimates for Kroger’s earnings, with estimates ranging from $36.26 billion to $37.42 billion. Kroger posted sales of $36.29 billion during the same quarter last year, which would indicate a positive year over year growth rate of 1.4%. The company is scheduled to report its next earnings report on Thursday, June 21st.
On average, analysts expect that Kroger will report full year sales of $36.81 billion for the current financial year, with estimates ranging from $120.04 billion to $124.82 billion. For the next fiscal year, analysts expect that the business will report sales of $124.46 billion per share, with estimates ranging from $122.32 billion to $128.36 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Kroger.
Kroger (NYSE:KR) last posted its earnings results on Thursday, March 8th. The company reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. The firm had revenue of $31.03 billion during the quarter, compared to analysts’ expectations of $30.81 billion. Kroger had a net margin of 1.55% and a return on equity of 29.27%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share.
A number of research firms have recently commented on KR. Jefferies Group set a $31.00 target price on shares of Kroger and gave the stock a “buy” rating in a report on Monday. Morgan Stanley set a $27.00 target price on shares of Kroger and gave the stock a “hold” rating in a report on Monday. Pivotal Research reissued a “buy” rating and issued a $28.00 target price (down previously from $32.00) on shares of Kroger in a report on Monday. BMO Capital Markets set a $27.00 target price on shares of Kroger and gave the stock a “hold” rating in a report on Monday. Finally, Bank of America dropped their target price on shares of Kroger from $33.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, March 9th. Sixteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $27.27.
Kroger (NYSE:KR) traded down $0.57 during mid-day trading on Friday, hitting $23.44. 13,763,736 shares of the stock were exchanged, compared to its average volume of 12,150,000. The company has a market capitalization of $20,660.00, a PE ratio of 13.95, a P/E/G ratio of 3.76 and a beta of 1.04. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.78 and a quick ratio of 0.32. Kroger has a 52-week low of $19.69 and a 52-week high of $31.45.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, February 14th. This represents a $0.50 annualized dividend and a yield of 2.13%. Kroger’s payout ratio is 29.76%.
In other Kroger news, VP Todd A. Foley sold 3,800 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $24.43, for a total transaction of $92,834.00. Following the completion of the transaction, the vice president now owns 31,273 shares in the company, valued at approximately $763,999.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christopher T. Hjelm sold 16,530 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $27.00, for a total transaction of $446,310.00. Following the transaction, the insider now owns 243,784 shares of the company’s stock, valued at approximately $6,582,168. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,130 shares of company stock valued at $3,187,062. Company insiders own 0.87% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its position in shares of Kroger by 22.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,618 shares of the company’s stock worth $264,000 after buying an additional 1,748 shares during the period. Bronfman E.L. Rothschild L.P. grew its position in shares of Kroger by 41.0% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 6,121 shares of the company’s stock worth $168,000 after buying an additional 1,780 shares during the period. Dowling & Yahnke LLC grew its position in shares of Kroger by 5.8% during the 4th quarter. Dowling & Yahnke LLC now owns 33,174 shares of the company’s stock worth $911,000 after buying an additional 1,805 shares during the period. Benedict Financial Advisors Inc. grew its position in shares of Kroger by 9.4% during the 4th quarter. Benedict Financial Advisors Inc. now owns 21,501 shares of the company’s stock worth $590,000 after buying an additional 1,845 shares during the period. Finally, Baker Ellis Asset Management LLC grew its position in shares of Kroger by 0.7% during the 4th quarter. Baker Ellis Asset Management LLC now owns 252,161 shares of the company’s stock worth $6,922,000 after buying an additional 1,875 shares during the period. Hedge funds and other institutional investors own 75.78% of the company’s stock.
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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