Zacks: Analysts Anticipate Kroger Co (KR) Will Announce Quarterly Sales of $30.84 Billion

Analysts forecast that Kroger Co (NYSE:KR) will post $30.84 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Kroger’s earnings, with the highest sales estimate coming in at $31.26 billion and the lowest estimate coming in at $30.50 billion. Kroger posted sales of $27.61 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 11.7%. The company is scheduled to report its next earnings results on Thursday, March 1st.

According to Zacks, analysts expect that Kroger will report full year sales of $30.84 billion for the current year, with estimates ranging from $120.36 billion to $122.89 billion. For the next year, analysts expect that the company will report sales of $123.43 billion per share, with estimates ranging from $121.50 billion to $125.84 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Kroger.

Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. The company had revenue of $27.75 billion during the quarter, compared to analyst estimates of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $0.41 earnings per share.

Several research analysts recently commented on KR shares. TheStreet upgraded Kroger from a “c+” rating to a “b” rating in a research report on Wednesday, December 27th. Oppenheimer reiterated a “buy” rating and issued a $28.00 price target on shares of Kroger in a research report on Tuesday, September 5th. Deutsche Bank reiterated a “buy” rating and issued a $26.00 price target on shares of Kroger in a research report on Tuesday, September 5th. Pivotal Research upgraded Kroger from a “hold” rating to a “buy” rating and lifted their price target for the stock from $21.34 to $25.00 in a research report on Tuesday, September 12th. Finally, Hilliard Lyons reiterated a “buy” rating and issued a $30.00 price target on shares of Kroger in a research report on Tuesday, September 12th. Eighteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kroger currently has an average rating of “Hold” and a consensus price target of $29.19.

In other news, insider Christopher T. Hjelm sold 16,530 shares of Kroger stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $27.00, for a total transaction of $446,310.00. Following the completion of the sale, the insider now owns 243,784 shares of the company’s stock, valued at $6,582,168. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Carin L. Fike sold 1,538 shares of Kroger stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $25.61, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 58,868 shares of company stock valued at $1,607,426 in the last 90 days. Company insiders own 0.87% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Peapack Gladstone Financial Corp raised its stake in shares of Kroger by 1.4% during the second 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 in the last quarter. Pettyjohn Wood & White Inc. raised its stake in shares of Kroger by 0.4% during the second 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 in the last quarter. Citizens Financial Group Inc RI raised its stake in shares of Kroger by 4.3% during the second 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 in the last quarter. Calamos Wealth Management LLC raised its stake in shares of Kroger by 0.8% during the second 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 in the last quarter. Finally, Bank of Hawaii raised its stake in shares of Kroger by 2.5% during the second quarter. Bank of Hawaii now owns 20,872 shares of the company’s stock valued at $487,000 after acquiring an additional 509 shares in the last quarter. 79.59% of the stock is owned by hedge funds and other institutional investors.

Kroger (NYSE KR) traded down $0.45 on Wednesday, reaching $27.85. The company had a trading volume of 10,790,000 shares, compared to its average volume of 12,430,000. The stock has a market capitalization of $24,550.00, a price-to-earnings ratio of 16.58, a P/E/G ratio of 3.62 and a beta of 0.93. Kroger has a 12 month low of $19.69 and a 12 month high of $34.99. The company has a current ratio of 0.85, a quick ratio of 0.31 and a debt-to-equity ratio of 2.11.

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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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Earnings History and Estimates for Kroger (NYSE:KR)

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