The Kroger (KR) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS
The Kroger (NYSE:KR) announced its earnings results on Thursday. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04, American Banking News reports. The company had revenue of $32.96 billion for the quarter, compared to the consensus estimate of $32.59 billion.
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 research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $44.22.
The Kroger (NYSE:KR) opened at 47.27 on Thursday. The Kroger has a 1-year low of $32.83 and a 1-year high of $48.56. The stock’s 50-day moving average is $46.95 and its 200-day moving average is $42.41. The company has a market cap of $24.144 billion and a price-to-earnings ratio of 16.17.
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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