$0.56 Earnings Per Share Expected for Kroger Co (NYSE:KR) This Quarter

Brokerages predict that Kroger Co (NYSE:KR) will report $0.56 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Kroger’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.52. Kroger reported earnings per share of $0.48 in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.7%. The firm is scheduled to announce its next earnings report on Thursday, March 5th.

On average, analysts expect that Kroger will report full-year earnings of $2.19 per share for the current financial year, with EPS estimates ranging from $2.14 to $2.22. For the next year, analysts forecast that the company will post earnings of $2.34 per share, with EPS estimates ranging from $2.30 to $2.45. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Kroger.

Kroger (NYSE:KR) last issued its earnings results on Thursday, December 5th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $27.97 billion for the quarter, compared to analyst estimates of $28.18 billion. Kroger had a return on equity of 20.32% and a net margin of 1.31%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS.

KR has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Kroger from $24.00 to $27.00 in a report on Thursday, October 24th. ValuEngine upgraded shares of Kroger from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Evercore ISI raised shares of Kroger from an “in-line” rating to an “outperform” rating and set a $33.00 price target for the company in a research report on Thursday, December 12th. TheStreet upgraded shares of Kroger from a “c+” rating to a “b-” rating in a research note on Friday, January 3rd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $29.00 price objective on shares of Kroger in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Kroger presently has a consensus rating of “Buy” and a consensus price target of $27.74.

NYSE:KR opened at $28.44 on Tuesday. The stock has a market cap of $22.71 billion, a P/E ratio of 14.51, a P/E/G ratio of 2.45 and a beta of 0.61. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.26 and a current ratio of 0.78. Kroger has a 1 year low of $20.70 and a 1 year high of $29.97. The stock has a 50-day simple moving average of $28.43 and a 200-day simple moving average of $25.40.

In other news, SVP Mark C. Tuffin sold 2,600 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $28.44, for a total value of $73,944.00. Following the completion of the sale, the senior vice president now directly owns 188,305 shares of the company’s stock, valued at $5,355,394.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Mary Ellen Adcock sold 15,400 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $28.00, for a total transaction of $431,200.00. Following the sale, the senior vice president now owns 121,085 shares of the company’s stock, valued at approximately $3,390,380. The disclosure for this sale can be found here. Insiders own 1.34% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of KR. State Street Corp grew its holdings in shares of Kroger by 2.2% during the third quarter. State Street Corp now owns 40,575,378 shares of the company’s stock worth $1,046,033,000 after buying an additional 876,611 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Kroger by 1.3% during the third quarter. Parametric Portfolio Associates LLC now owns 7,024,019 shares of the company’s stock worth $181,079,000 after acquiring an additional 88,930 shares during the last quarter. Invesco Ltd. boosted its position in Kroger by 22.3% during the second quarter. Invesco Ltd. now owns 6,846,979 shares of the company’s stock worth $148,647,000 after acquiring an additional 1,249,723 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in Kroger by 2.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 6,011,411 shares of the company’s stock worth $130,508,000 after acquiring an additional 134,060 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in Kroger by 1.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,784,921 shares of the company’s stock worth $97,575,000 after acquiring an additional 67,301 shares during the period. 79.11% of the stock is owned by hedge funds and other institutional investors.

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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