Brokerages expect Kroger Company (The) (NYSE:KR) to post earnings of $0.41 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Kroger Company (The)’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.43. Kroger Company (The) also posted earnings per share of $0.41 during the same quarter last year. The business is scheduled to announce its next earnings report before the market opens on Thursday, November 30th.

According to Zacks, analysts expect that Kroger Company (The) will report full year earnings of $1.97 per share for the current fiscal year, with EPS estimates ranging from $1.85 to $2.00. For the next fiscal year, analysts expect that the company will report earnings of $1.91 per share, with EPS estimates ranging from $1.73 to $2.00. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Kroger Company (The).

Kroger Company (The) (NYSE:KR) last issued its earnings results on Friday, September 8th. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $27.60 billion during the quarter, compared to the consensus estimate of $27.48 billion. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. Kroger Company (The)’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS.

Several brokerages recently weighed in on KR. BidaskClub raised shares of Kroger Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Vetr raised shares of Kroger Company (The) from a “buy” rating to a “strong-buy” rating and set a $27.01 target price for the company in a report on Wednesday, August 9th. Stephens initiated coverage on shares of Kroger Company (The) in a report on Friday, August 11th. They issued an “underweight” rating and a $20.00 target price for the company. Royal Bank Of Canada set a $34.00 price target on shares of Kroger Company (The) and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Finally, UBS AG cut shares of Kroger Company (The) from an “outperform” rating to a “market perform” rating in a research note on Friday, September 8th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.14.

Shares of Kroger Company (NYSE:KR) traded up $0.41 during trading on Wednesday, reaching $21.72. 3,425,946 shares of the company traded hands, compared to its average volume of 15,444,326. The company has a market cap of $18,973.51, a P/E ratio of 11.17, a P/E/G ratio of 1.64 and a beta of 0.82. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.87 and a quick ratio of 0.33. Kroger Company has a one year low of $19.69 and a one year high of $36.44.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.30%. Kroger Company (The)’s dividend payout ratio is presently 30.30%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cardinal Capital Management Inc. purchased a new stake in Kroger Company (The) during the second quarter valued at approximately $455,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Kroger Company (The) by 497.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock valued at $129,000 after acquiring an additional 4,390 shares during the last quarter. Frontier Investment Mgmt Co. lifted its position in Kroger Company (The) by 107.2% during the second quarter. Frontier Investment Mgmt Co. now owns 50,142 shares of the company’s stock valued at $1,169,000 after acquiring an additional 25,940 shares during the last quarter. AMG National Trust Bank lifted its position in Kroger Company (The) by 107.3% during the second quarter. AMG National Trust Bank now owns 69,867 shares of the company’s stock valued at $1,629,000 after acquiring an additional 36,164 shares during the last quarter. Finally, TIAA FSB purchased a new stake in Kroger Company (The) during the second quarter valued at approximately $3,265,000. Hedge funds and other institutional investors own 75.59% of the company’s stock.

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About Kroger Company (The)

The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.

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Earnings History and Estimates for Kroger Company (The) (NYSE:KR)

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