Wall Street analysts expect that Kroger Co (NYSE:KR) will announce earnings per share (EPS) of $0.62 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Kroger’s earnings. The lowest EPS estimate is $0.59 and the highest is $0.67. Kroger reported earnings per share of $0.53 during the same quarter last year, which suggests a positive year-over-year growth rate of 17%. The business is expected to report its next quarterly earnings results on Thursday, March 1st.

According to Zacks, analysts expect that Kroger will report full-year earnings of $2.04 per share for the current year, with EPS estimates ranging from $2.00 to $2.10. For the next fiscal year, analysts forecast that the company will report earnings of $1.95 per share, with EPS estimates ranging from $1.84 to $2.03. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Kroger.

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

Several analysts recently issued reports on the stock. Stephens set a $29.00 price objective on shares of Kroger and gave the company a “hold” rating in a research note on Tuesday. Jefferies Group raised shares of Kroger from a “hold” rating to a “buy” rating and upped their price objective for the company from $26.98 to $33.00 in a research note on Friday, January 5th. Pivotal Research set a $30.00 price objective on shares of Kroger and gave the company a “buy” rating in a research note on Saturday, December 2nd. ValuEngine cut shares of Kroger from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Oppenheimer reissued a “hold” rating and issued a $22.00 price target on shares of Kroger in a research note on Wednesday, October 4th. Seventeen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Kroger has a consensus rating of “Hold” and an average target price of $29.48.

Shares of Kroger (NYSE KR) traded up $0.42 during midday trading on Wednesday, reaching $28.67. 7,570,000 shares of the company traded hands, compared to its average volume of 9,950,000. Kroger has a one year low of $19.69 and a one year high of $34.99. The stock has a market cap of $25,270.00, a PE ratio of 17.07, a PEG ratio of 3.70 and a beta of 0.93. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85.

In other Kroger news, COO Michael Joseph Donnelly sold 15,400 shares of the stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $27.66, for a total transaction of $425,964.00. Following the sale, the chief operating officer now directly owns 290,353 shares in the company, valued at approximately $8,031,163.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Christopher T. Hjelm sold 16,530 shares of the firm’s stock in a transaction 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 in the company, valued at $6,582,168. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,868 shares of company stock worth $1,607,426. 0.87% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its position in shares of Kroger by 4.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,879,362 shares of the company’s stock valued at $106,489,000 after buying an additional 167,013 shares during the last quarter. Capital Investment Advisors LLC purchased a new position in shares of Kroger in the 4th quarter valued at $1,390,000. Koshinski Asset Management Inc. grew its position in shares of Kroger by 14.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 102,299 shares of the company’s stock valued at $2,808,000 after buying an additional 13,260 shares during the last quarter. National Pension Service grew its position in shares of Kroger by 15.9% in the 4th quarter. National Pension Service now owns 977,602 shares of the company’s stock valued at $26,835,000 after buying an additional 134,291 shares during the last quarter. Finally, USS Investment Management Ltd purchased a new position in shares of Kroger in the 4th quarter valued at $28,470,000. Institutional investors and hedge funds own 79.59% of the company’s stock.

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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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