Share on StockTwits

The Kroger Co. (NYSE:KR) issued an update on its FY15 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.19-3.27 for the period, compared to the Thomson Reuters consensus estimate of $3.22, Stock Ratings Network reports.

A number of analysts have recently weighed in on KR shares. Analysts at Oppenheimer initiated coverage on shares of The Kroger in a research note on Monday, June 2nd. They set an outperform rating and a $55.00 price target on the stock. On a related note, analysts at JPMorgan Chase & Co. reiterated an overweight rating on shares of The Kroger in a research note on Thursday, May 22nd. They now have a $53.00 price target on the stock, up previously from $48.00. Finally, analysts at Ned Davis Research upgraded shares of The Kroger from a neutral rating to a buy rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $44.22.

Shares of The Kroger Co. (NYSE:KR) opened at 47.27 on Thursday. The Kroger Co. has a 52 week low of $32.83 and a 52 week high of $48.56. The stock has a 50-day moving average of $46.95 and a 200-day moving average of $42.41. The company has a market cap of $24.144 billion and a price-to-earnings ratio of 16.17.

The Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, June 19th. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.05 by $0.04. The company had revenue of $32.96 billion for the quarter, compared to the consensus estimate of $32.59 billion. During the same quarter last year, the company posted $0.92 earnings per share. The Kroger’s revenue was up 9.9% compared to the same quarter last year. Analysts expect that The Kroger Co. will post $3.22 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.