Kroger (KR) to Release Earnings on Thursday
Kroger (NYSE:KR) will be releasing its Q2 2013 earnings data before the market opens on Thursday, September 12th. Kroger has set its FY14 guidance at $2.73-2.80 EPS.Investors interested in participating in the company’s conference call can do so using this link.
Kroger (NYSE:KR) last announced its earnings results on Thursday, June 20th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.04. The company had revenue of $30.04 billion for the quarter, compared to the consensus estimate of $30.17 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts expect Kroger to post $2.81 EPS for the current fiscal year and $3.13 EPS for the next fiscal year.
Shares of Kroger (NYSE:KR) opened at 37.54 on Wednesday. Kroger has a 1-year low of $23.09 and a 1-year high of $39.98. The stock has a 50-day moving average of $38.26 and a 200-day moving average of $34.9. The company has a market cap of $19.455 billion and a P/E ratio of 12.99.
A number of analysts have recently weighed in on KR shares. Analysts at TheStreet reiterated a “buy” rating on shares of Kroger (NYSE:KR) in a research note to investors on Tuesday, July 16th. On the ratings front, analysts at Goldman Sachs Group Inc. downgraded shares of Kroger (NYSE:KR) from a “neutral” rating to a “sell” rating in a research note to investors on Friday, July 12th. They now have a $35.00 price target on the stock, up previously from $32.00. Finally, analysts at Scotiabank raised their price target on shares of Kroger (NYSE:KR) from $38.00 to $41.00 in a research note to investors on Thursday, July 11th.
Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Kroger presently has an average rating of “Hold” and a consensus target price of $36.37.
The Kroger Co is a retailer in the United States. The Company also manufactures and processes some of the food for sale in its supermarkets.
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