Kroger Company (The) (NYSE:KR) – Investment analysts at Northcoast Research lifted their Q4 2018 earnings per share (EPS) estimates for shares of Kroger Company (The) in a note issued to investors on Thursday. Northcoast Research analyst C. Cerankosky now expects that the company will post earnings of $0.62 per share for the quarter, up from their previous forecast of $0.59. Northcoast Research also issued estimates for Kroger Company (The)’s FY2019 earnings at $2.02 EPS.

Kroger Company (The) (NYSE:KR) last announced its quarterly earnings results on Friday, September 8th. The company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The firm had revenue of $27.60 billion during the quarter, compared to analysts’ expectations of $27.48 billion. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 earnings per share.

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Several other equities research analysts also recently commented on KR. UBS AG reaffirmed a “neutral” rating and set a $27.00 price objective (down from $32.00) on shares of Kroger Company (The) in a report on Friday, June 16th. BidaskClub raised shares of Kroger Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Stephens assumed coverage on shares of Kroger Company (The) in a report on Friday, August 11th. They set an “underweight” rating and a $20.00 price objective on the stock. BMO Capital Markets set a $32.00 price objective on shares of Kroger Company (The) and gave the company a “hold” rating in a report on Saturday, June 10th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Kroger Company (The) from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $33.00 to $26.00 in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Kroger Company (The) currently has a consensus rating of “Hold” and a consensus price target of $28.58.

Shares of Kroger Company (KR) traded down 0.35% during mid-day trading on Friday, reaching $20.15. 14,232,972 shares of the company’s stock were exchanged. Kroger Company has a 52-week low of $20.04 and a 52-week high of $36.44. The company has a market cap of $17.92 billion, a PE ratio of 12.19 and a beta of 0.79. The company’s 50-day moving average price is $22.65 and its 200 day moving average price is $26.28.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Frontier Investment Mgmt Co. grew its position in Kroger Company (The) by 107.2% during the second quarter. Frontier Investment Mgmt Co. now owns 50,142 shares of the company’s stock valued at $1,169,000 after acquiring an additional 25,940 shares during the last quarter. Intl Fcstone Inc. bought a new position in Kroger Company (The) during the second quarter valued at approximately $645,000. Paradigm Financial Advisors LLC bought a new position in Kroger Company (The) during the second quarter valued at approximately $220,000. Sentry Investment Management LLC grew its position in Kroger Company (The) by 114.9% during the second quarter. Sentry Investment Management LLC now owns 72,943 shares of the company’s stock valued at $1,701,000 after acquiring an additional 39,000 shares during the last quarter. Finally, Toronto Dominion Bank grew its position in Kroger Company (The) by 26.9% during the second quarter. Toronto Dominion Bank now owns 315,969 shares of the company’s stock valued at $7,368,000 after acquiring an additional 66,919 shares during the last quarter. Institutional investors and hedge funds own 75.52% of the company’s stock.

In other Kroger Company (The) news, insider J Michael Schlotman purchased 2,000 shares of Kroger Company (The) stock in a transaction on Monday, June 26th. The shares were acquired at an average cost of $22.73 per share, for a total transaction of $45,460.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.85% of the stock is currently owned by corporate insiders.

Kroger Company (The) declared that its Board of Directors has approved a share repurchase plan on Thursday, June 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 4.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Tuesday, November 14th. Kroger Company (The)’s dividend payout ratio (DPR) is 30.30%.

About Kroger Company (The)

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.

Earnings History and Estimates for Kroger Company (The) (NYSE:KR)

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