Kroger Co. (KR) Releases FY14 Earnings Guidance
Kroger Co. (NYSE:KR) issued an update on its FY14 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.73-2.80 for the period, compared to the Thomson Reuters consensus estimate of $2.80, ARN reports.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a buy rating on shares of Kroger (NYSE:KR) in a research note to investors on Tuesday, July 16th. On a related note, 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 equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. Kroger has a consensus rating of Hold and an average target price of $36.37.
Shares of Kroger Co. (NYSE:KR) opened at 37.67 on Thursday. Kroger Co. has a 52-week low of $23.09 and a 52-week high of $39.98. The stock’s 50-day moving average is $38.22 and its 200-day moving average is $34.94. The company has a market cap of $19.522 billion and a price-to-earnings ratio of 12.98.
Kroger (NYSE:KR) last announced its earnings results on Thursday, September 12th. The company reported $0.60 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.60. The company had revenue of $22.70 billion for the quarter, compared to the consensus estimate of $22.67 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Analysts expect that Kroger Co. will post $2.80 EPS for the current fiscal year.
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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