Kroger (KR) Releases Quarterly Earnings, Hits Estimates
Kroger (NYSE:KR) issued its quarterly earnings data on Thursday. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60, American Banking News reports. 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 previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Kroger updated its FY14 guidance to $2.73-2.80 EPS.
KR has been the subject of a number of recent research reports. 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 given a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $36.37.
Shares of Kroger (NYSE:KR) opened at 37.67 on Thursday. Kroger has a 52 week low of $23.09 and a 52 week high of $39.98. The stock has a 50-day moving average of $38.22 and a 200-day moving average of $34.94. The company has a market cap of $19.522 billion and a price-to-earnings ratio of 12.98.
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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