$0.42 Earnings Per Share Expected for Kroger Co (NYSE:KR) This Quarter

Wall Street brokerages expect that Kroger Co (NYSE:KR) will post earnings per share of $0.42 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Kroger’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.40. Kroger reported earnings per share of $0.41 in the same quarter last year, which suggests a positive year over year growth rate of 2.4%. The business is expected to issue 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 year, with EPS estimates ranging from $2.13 to $2.25. For the next year, analysts forecast that the company will report earnings of $2.33 per share, with EPS estimates ranging from $2.16 to $2.49. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Kroger.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, June 20th. The company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The business had revenue of $37.25 billion for 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%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 EPS.

Several research firms recently commented on KR. BMO Capital Markets restated a “market perform” rating and issued a C$36.00 price target on shares of NFI Group in a report on Tuesday, June 18th. Guggenheim cut their price target on shares of Kroger from $31.00 to $26.00 in a report on Monday, June 24th. TheStreet lowered shares of Weis Markets from a “b-” rating to a “c+” rating in a report on Wednesday, June 5th. Telsey Advisory Group restated a “market perform” rating and issued a $27.00 price target (down previously from $29.00) on shares of Kroger in a report on Friday, June 21st. Finally, Zacks Investment Research upgraded shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a report on Friday, May 31st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Kroger has a consensus rating of “Hold” and an average target price of $28.61.

In other news, Director Ronald Sargent acquired 5,000 shares of the stock in a transaction on Tuesday, July 2nd. The stock was bought at an average price of $21.49 per share, with a total value of $107,450.00. Following the completion of the transaction, the director now directly owns 94,660 shares of the company’s stock, valued at $2,034,243.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael Joseph Donnelly sold 10,916 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $25.83, for a total transaction of $281,960.28. Following the completion of the sale, the vice president now directly owns 351,095 shares of the company’s stock, valued at approximately $9,068,783.85. The disclosure for this sale can be found here. Insiders sold 54,516 shares of company stock valued at $1,237,410 in the last ninety days. 1.34% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in shares of Kroger by 27.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,038,624 shares of the company’s stock worth $221,075,000 after buying an additional 1,726,318 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Kroger by 7.9% in the 4th quarter. Geode Capital Management LLC now owns 12,008,444 shares of the company’s stock worth $329,733,000 after buying an additional 874,376 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of Kroger by 57.7% in the 4th quarter. Two Sigma Advisers LP now owns 312,000 shares of the company’s stock worth $8,580,000 after buying an additional 114,098 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Kroger in the 4th quarter worth about $851,000. Finally, National Pension Service increased its holdings in shares of Kroger by 8.2% in the 4th quarter. National Pension Service now owns 1,074,340 shares of the company’s stock worth $31,113,000 after buying an additional 81,829 shares during the last quarter. 80.51% of the stock is owned by institutional investors.

Shares of KR stock remained flat at $$21.43 during trading hours on Tuesday. 8,100,657 shares of the stock traded hands, compared to its average volume of 8,389,376. The company has a market cap of $17.12 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 1.52 and a beta of 0.63. Kroger has a 1-year low of $20.70 and a 1-year high of $32.74. The company has a current ratio of 0.75, a quick ratio of 0.25 and a debt-to-equity ratio of 2.16. The company’s 50-day moving average is $22.18.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Thursday, August 15th will be issued a $0.16 dividend. This is a positive change from Kroger’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.64 annualized dividend and a yield of 2.99%. Kroger’s dividend payout ratio (DPR) is presently 26.54%.

About Kroger

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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