FY2019 Earnings Forecast for Kroger Company (The) (KR) Issued By SunTrust Banks

Kroger Company (The) (NYSE:KR) – Stock analysts at SunTrust Banks dropped their FY2019 earnings estimates for shares of Kroger Company (The) in a note issued to investors on Thursday. SunTrust Banks analyst D. Magee now anticipates that the company will post earnings per share of $1.95 for the year, down from their previous forecast of $2.05.

Other research analysts also recently issued research reports about the stock. Jefferies Group LLC reduced their price target on shares of Kroger Company (The) from $24.00 to $19.00 and set a “hold” rating for the company in a research report on Monday, September 11th. Vetr upgraded shares of Kroger Company (The) from a “buy” rating to a “strong-buy” rating and set a $27.01 price target for the company in a research report on Wednesday, August 9th. BidaskClub upgraded shares of Kroger Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. UBS AG downgraded shares of Kroger Company (The) from an “outperform” rating to a “market perform” rating in a research report on Friday, September 8th. Finally, Hilliard Lyons restated a “buy” rating and set a $30.00 price target on shares of Kroger Company (The) in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Kroger Company (The) currently has a consensus rating of “Hold” and a consensus price target of $29.23.

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Shares of Kroger Company (NYSE KR) traded up 0.93% during midday trading on Monday, hitting $20.67. The stock had a trading volume of 7,797,012 shares. The firm has a 50 day moving average price of $21.09 and a 200-day moving average price of $25.16. The stock has a market cap of $18.39 billion, a PE ratio of 12.50 and a beta of 0.76. Kroger Company has a 52-week low of $19.69 and a 52-week high of $36.44.

Kroger Company (The) (NYSE:KR) last issued its earnings results on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. The firm had revenue of $27.60 billion for the quarter, compared to analysts’ expectations of $27.48 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.44%. Kroger Company (The)’s payout ratio is currently 30.30%.

Kroger Company (The) declared that its board has authorized a share buyback program on Thursday, June 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 4.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Large investors have recently bought and sold shares of the stock. IHT Wealth Management LLC boosted its position in shares of Kroger Company (The) by 122.1% during the 2nd quarter. IHT Wealth Management LLC now owns 2,770 shares of the company’s stock worth $376,000 after purchasing an additional 1,523 shares during the period. Dupont Capital Management Corp purchased a new position in shares of Kroger Company (The) during the 2nd quarter worth approximately $105,000. Cedar Wealth Management LLC boosted its position in shares of Kroger Company (The) by 155.9% during the 2nd quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock worth $116,000 after purchasing an additional 3,040 shares during the period. CWM LLC boosted its position in shares of Kroger Company (The) by 1,162.2% during the 2nd quarter. CWM LLC now owns 5,213 shares of the company’s stock worth $122,000 after purchasing an additional 4,800 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Kroger Company (The) 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 purchasing an additional 4,390 shares during the period. 75.77% of the stock is owned by hedge funds and other institutional investors.

Kroger Company (The) 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 Company (The) (NYSE:KR)

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