Equities Analysts Issue Forecasts for Kroger Co’s FY2018 Earnings (KR)
Kroger Co (NYSE:KR) – Research analysts at Northcoast Research upped their FY2018 earnings estimates for shares of Kroger in a research report issued on Monday. Northcoast Research analyst C. Cerankosky now anticipates that the company will post earnings of $2.03 per share for the year, up from their prior estimate of $2.00. Northcoast Research currently has a “Buy” rating on the stock. Northcoast Research also issued estimates for Kroger’s FY2020 earnings at $2.17 EPS.
Kroger (NYSE:KR) last issued its earnings results on Thursday, November 30th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $27.75 billion during the quarter, compared to analysts’ expectations of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS.
Shares of Kroger (KR) traded down $0.66 during trading on Tuesday, hitting $26.22. 11,283,767 shares of the company traded hands, compared to its average volume of 12,372,164. The company has a market cap of $22,834.03, a price-to-earnings ratio of 13.23, a PEG ratio of 3.39 and a beta of 0.92. The company has a quick ratio of 0.31, a current ratio of 0.85 and a debt-to-equity ratio of 2.11. Kroger has a 12 month low of $19.69 and a 12 month high of $36.44.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Tuesday, November 14th. Kroger’s payout ratio is 29.76%.
In other news, VP Carin L. Fike sold 1,538 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $25.61, for a total value of $39,388.18. Following the sale, the vice president now directly owns 25,956 shares of the company’s stock, valued at approximately $664,733.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jorge P. Montoya sold 10,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $26.98, for a total transaction of $269,800.00. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Savant Capital LLC lifted its position in shares of Kroger by 0.9% during the 2nd quarter. Savant Capital LLC now owns 10,617 shares of the company’s stock valued at $248,000 after acquiring an additional 90 shares during the period. Peapack Gladstone Financial Corp lifted its position in shares of Kroger by 1.4% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 11,343 shares of the company’s stock valued at $265,000 after acquiring an additional 154 shares during the period. Pettyjohn Wood & White Inc. lifted its position in shares of Kroger by 0.4% during the 2nd quarter. Pettyjohn Wood & White Inc. now owns 52,201 shares of the company’s stock valued at $1,217,000 after acquiring an additional 191 shares during the period. Citizens Financial Group Inc RI lifted its position in shares of Kroger by 4.3% during the 2nd quarter. Citizens Financial Group Inc RI now owns 6,165 shares of the company’s stock valued at $144,000 after acquiring an additional 255 shares during the period. Finally, Calamos Wealth Management LLC lifted its position in shares of Kroger by 0.8% during the 2nd quarter. Calamos Wealth Management LLC now owns 35,067 shares of the company’s stock valued at $818,000 after acquiring an additional 275 shares during the period. 79.10% of the stock is currently owned by institutional investors.
Kroger Company Profile
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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