Kroger Co (NYSE:KR) – Investment analysts at Northcoast Research issued their Q1 2019 earnings estimates for Kroger in a research report issued to clients and investors on Monday. Northcoast Research analyst C. Cerankosky expects that the company will post earnings per share of $0.63 for the quarter. Northcoast Research also issued estimates for Kroger’s Q2 2019 earnings at $0.44 EPS, Q3 2019 earnings at $0.48 EPS, Q4 2019 earnings at $0.58 EPS, FY2019 earnings at $2.13 EPS and FY2020 earnings at $2.35 EPS.
Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, March 8th. The company reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. Kroger had a net margin of 1.55% and a return on equity of 29.27%. The firm had revenue of $31.03 billion during the quarter, compared to analyst estimates of $30.81 billion. During the same period in the previous year, the business posted $0.53 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis.
Shares of Kroger (KR) traded down $0.36 during mid-day trading on Wednesday, hitting $23.65. 7,121,703 shares of the stock were exchanged, compared to its average volume of 11,435,958. Kroger has a 52-week low of $19.69 and a 52-week high of $31.45. The company has a market capitalization of $21,160.00, a price-to-earnings ratio of 14.07, a PEG ratio of 3.76 and a beta of 1.04. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.78 and a quick ratio of 0.32.
Several hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Kroger by 36.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 138,092 shares of the company’s stock worth $3,791,000 after buying an additional 36,544 shares in the last quarter. Rehmann Capital Advisory Group bought a new stake in Kroger in the fourth quarter worth $203,000. Xact Kapitalforvaltning AB increased its position in Kroger by 12.4% in the fourth quarter. Xact Kapitalforvaltning AB now owns 82,693 shares of the company’s stock worth $2,270,000 after purchasing an additional 9,143 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Kroger by 2.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 276,710 shares of the company’s stock worth $7,595,000 after purchasing an additional 5,863 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Kroger by 1.5% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 360,305 shares of the company’s stock worth $9,890,000 after purchasing an additional 5,257 shares during the last quarter. 75.78% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Michael Joseph Donnelly sold 40,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $30.64, for a total value of $1,225,600.00. Following the transaction, the vice president now owns 319,124 shares of the company’s stock, valued at $9,777,959.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher T. Hjelm sold 16,530 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $27.00, for a total transaction of $446,310.00. Following the completion of the transaction, the insider now directly owns 243,784 shares in the company, valued at approximately $6,582,168. The disclosure for this sale can be found here. Insiders sold 110,130 shares of company stock worth $3,187,062 in the last three months. Insiders own 0.87% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Wednesday, February 14th. Kroger’s dividend payout ratio (DPR) is presently 29.76%.
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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