Kroger (NYSE:KR) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of $2.00-2.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.11. Kroger also updated its FY 2018 guidance to $2.00-2.15 EPS.

Several research firms have recently issued reports on KR. Credit Suisse Group lowered their price target on Kroger from $33.00 to $32.00 and set an outperform rating for the company in a research report on Friday, September 14th. UBS Group lifted their price target on Kroger from $29.00 to $31.00 and gave the stock a neutral rating in a research report on Wednesday, October 31st. Stephens set a $29.00 price target on Kroger and gave the stock a hold rating in a research report on Friday, September 7th. Telsey Advisory Group lifted their price objective on Kroger from $29.00 to $31.00 and gave the stock a market perform rating in a report on Wednesday, October 31st. Finally, Pivotal Research reiterated a hold rating and issued a $31.00 price objective on shares of Kroger in a report on Tuesday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $31.11.

Kroger stock opened at $29.56 on Friday. The stock has a market cap of $22.84 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 2.01 and a beta of 0.79. Kroger has a 52-week low of $22.85 and a 52-week high of $32.74. The company has a quick ratio of 0.26, a current ratio of 0.73 and a debt-to-equity ratio of 1.65.

Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, December 6th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.05. The business had revenue of $27.67 billion during the quarter, compared to the consensus estimate of $27.64 billion. Kroger had a return on equity of 28.05% and a net margin of 3.05%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. On average, sell-side analysts expect that Kroger will post 2.11 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Thursday, November 15th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.89%. Kroger’s dividend payout ratio is currently 27.45%.

In related news, insider Erin S. Sharp sold 25,314 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $29.00, for a total transaction of $734,106.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mary Ellen Adcock sold 1,850 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $31.21, for a total value of $57,738.50. Following the transaction, the insider now owns 97,119 shares of the company’s stock, valued at $3,031,083.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,425 shares of company stock valued at $1,480,298. Corporate insiders own 1.07% of the company’s stock.

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Kroger Company Profile

The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.

See Also: Ex-Dividend

Earnings History and Estimates for Kroger (NYSE:KR)

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