Kroger (NYSE:KR) updated its FY20 earnings guidance on Thursday. The company provided earnings per share guidance of $2.15-2.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.18.

Several research firms have recently issued reports on KR. Zacks Investment Research cut shares of Kroger from a hold rating to a sell rating in a report on Tuesday, May 7th. ValuEngine cut shares of Kroger from a hold rating to a sell rating in a report on Wednesday, April 24th. TheStreet lowered shares of Kroger from a b- rating to a c+ rating in a research note on Wednesday, June 5th. Sanford C. Bernstein raised shares of Kroger from a market perform rating to an outperform rating and set a $33.00 target price for the company in a research note on Monday, May 20th. Finally, BMO Capital Markets cut their target price on shares of Kroger to $24.00 and set a market perform rating for the company in a research note on Tuesday, June 18th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $29.45.

KR stock opened at $22.24 on Friday. Kroger has a 12 month low of $22.20 and a 12 month high of $32.74. The company has a market cap of $17.94 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 1.46 and a beta of 0.71. The company has a quick ratio of 0.28, a current ratio of 0.75 and a debt-to-equity ratio of 2.16.

Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, June 20th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The business had revenue of $37.25 billion during the quarter, compared to the consensus estimate of $37.27 billion. Kroger had a net margin of 1.54% and a return on equity of 21.79%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 EPS. Equities analysts predict that Kroger will post 2.18 earnings per share for the current fiscal year.

In related news, EVP Christopher T. Hjelm sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $25.80, for a total value of $412,800.00. Following the completion of the sale, the executive vice president now owns 282,429 shares in the company, valued at approximately $7,286,668.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christine S. Wheatley sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $25.21, for a total transaction of $37,815.00. Following the completion of the sale, the insider now owns 126,054 shares of the company’s stock, valued at approximately $3,177,821.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,416 shares of company stock valued at $732,575. 1.34% of the stock is owned by insiders.

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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