Wall Street analysts predict that Kroger Co (NYSE:KR) will report sales of $30.84 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Kroger’s earnings, with estimates ranging from $30.50 billion to $31.26 billion. Kroger reported sales of $27.61 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 11.7%. The company is scheduled to issue its next earnings report before the market opens on Thursday, March 8th.
According to Zacks, analysts expect that Kroger will report full year sales of $30.84 billion for the current fiscal year, with estimates ranging from $120.36 billion to $122.89 billion. For the next financial year, analysts expect that the company will post sales of $123.48 billion per share, with estimates ranging from $121.50 billion to $125.84 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Kroger.
Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The firm had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.48 billion. During the same period last year, the company earned $0.41 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis.
Several equities research analysts recently commented on KR shares. Northcoast Research upgraded Kroger from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Citigroup lifted their price objective on Kroger from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, December 26th. Oppenheimer reiterated a “hold” rating and issued a $26.00 price objective on shares of Kroger in a report on Monday, December 4th. Zacks Investment Research downgraded Kroger from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, ValuEngine downgraded Kroger from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Seventeen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $29.52.
In other news, VP Michael Joseph Donnelly sold 15,400 shares of Kroger stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $27.66, for a total transaction of $425,964.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert W. Clark sold 11,000 shares of Kroger stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $29.57, for a total value of $325,270.00. Following the transaction, the insider now directly owns 130,780 shares in the company, valued at $3,867,164.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,868 shares of company stock valued at $3,403,416. Corporate insiders own 0.87% of the company’s stock.
Several hedge funds have recently bought and sold shares of KR. Eqis Capital Management Inc. lifted its position in shares of Kroger by 43.5% during the 3rd quarter. Eqis Capital Management Inc. now owns 12,883 shares of the company’s stock valued at $258,000 after buying an additional 3,906 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Kroger by 28.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 100,724 shares of the company’s stock valued at $2,021,000 after buying an additional 22,269 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Kroger by 577.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 218,781 shares of the company’s stock valued at $4,391,000 after buying an additional 186,509 shares in the last quarter. LS Investment Advisors LLC lifted its position in shares of Kroger by 8.7% during the 3rd quarter. LS Investment Advisors LLC now owns 38,791 shares of the company’s stock valued at $778,000 after buying an additional 3,120 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in shares of Kroger by 6.3% during the 3rd quarter. Whittier Trust Co. now owns 100,970 shares of the company’s stock valued at $2,024,000 after buying an additional 5,983 shares in the last quarter. 79.05% of the stock is currently owned by hedge funds and other institutional investors.
Kroger (KR) opened at $27.41 on Thursday. Kroger has a twelve month low of $19.69 and a twelve month high of $34.05. The company has a current ratio of 0.85, a quick ratio of 0.31 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $24,160.00, a price-to-earnings ratio of 16.32, a PEG ratio of 4.67 and a beta of 0.96.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.82%. Kroger’s dividend payout ratio is currently 29.76%.
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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.
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