FY2018 EPS Estimates for Kroger Co (KR) Raised by Analyst
Kroger Co (NYSE:KR) – Equities researchers at Northcoast Research raised their FY2018 earnings per share estimates for Kroger in a note issued to investors on Monday. Northcoast Research analyst C. Cerankosky now expects that the company will earn $2.03 per share for the year, up from their previous forecast of $2.00. Northcoast Research has a “Buy” rating on the stock. Northcoast Research also issued estimates for Kroger’s FY2020 earnings at $2.17 EPS.
Several other brokerages also recently issued reports on KR. Oppenheimer reissued a “hold” rating and issued a $26.00 price objective on shares of Kroger in a research note on Monday. Royal Bank Of Canada reissued an “overweight” rating on shares of Kroger in a research note on Thursday, September 7th. Zacks Investment Research raised Kroger from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. UBS downgraded Kroger from an “outperform” rating to a “market perform” rating in a research note on Friday, September 8th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $26.00 price target on shares of Kroger in a research note on Tuesday, September 5th. Eighteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $29.16.
Shares of Kroger (KR) traded up $0.12 during trading on Tuesday, reaching $26.53. The company had a trading volume of 6,903,444 shares, compared to its average volume of 12,326,757. The stock has a market cap of $23,600.00, a P/E ratio of 13.52, a P/E/G ratio of 3.46 and a beta of 0.93. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85. Kroger has a 1 year low of $19.69 and a 1 year high of $36.44.
Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The business had revenue of $27.75 billion during the quarter, compared to analyst estimates of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. Kroger’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS.
A number of hedge funds have recently made changes to their positions in KR. Vanguard Group Inc. raised its position in Kroger by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 69,201,771 shares of the company’s stock valued at $1,613,786,000 after purchasing an additional 852,864 shares during the last quarter. FMR LLC raised its position in Kroger by 17.7% in the 2nd quarter. FMR LLC now owns 49,409,616 shares of the company’s stock valued at $1,152,232,000 after purchasing an additional 7,446,349 shares during the last quarter. State Street Corp raised its position in Kroger by 0.3% in the 2nd quarter. State Street Corp now owns 39,414,284 shares of the company’s stock valued at $919,140,000 after purchasing an additional 100,796 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Kroger by 8.2% during the second quarter. Franklin Resources Inc. now owns 12,045,681 shares of the company’s stock worth $280,904,000 after acquiring an additional 908,078 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Kroger by 0.3% during the third quarter. Janus Henderson Group PLC now owns 8,281,641 shares of the company’s stock worth $166,129,000 after acquiring an additional 21,381 shares during the last quarter. 79.10% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Carin L. Fike sold 1,538 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $25.61, for a total value of $39,388.18. Following the sale, the vice president now owns 25,956 shares of the company’s stock, valued at approximately $664,733.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jorge P. Montoya sold 10,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $26.98, for a total value of $269,800.00. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by company insiders.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Tuesday, November 14th. Kroger’s payout ratio is presently 29.76%.
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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