Kroger (NYSE:KR) issued an update on its FY21 earnings guidance on Friday morning. The company provided EPS guidance of $3.20-3 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.89. Kroger also updated its FY 2020
Pre-Market guidance to 3.20-3.30 EPS.
Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Kroger from a buy rating to a hold rating and set a $37.00 price target for the company. in a research note on Tuesday, August 11th. Oppenheimer reaffirmed a hold rating and set a $34.00 price objective on shares of Kroger in a research report on Wednesday, August 5th. ValuEngine raised shares of Kroger from a strong sell rating to a sell rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. increased their price objective on shares of Kroger from $33.00 to $34.00 and gave the stock a neutral rating in a research report on Thursday, May 21st. Finally, Deutsche Bank increased their price objective on shares of Kroger from $33.00 to $35.00 in a research report on Friday, June 19th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $34.74.
Shares of KR stock traded down $0.18 on Friday, hitting $34.56. The stock had a trading volume of 353,336 shares, compared to its average volume of 6,786,740. The firm has a market capitalization of $27.37 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 2.23 and a beta of 0.31. The stock’s 50 day moving average is $35.34 and its 200-day moving average is $32.91. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.40 and a current ratio of 0.83. Kroger has a 52-week low of $23.71 and a 52-week high of $37.22.
Kroger (NYSE:KR) last announced its earnings results on Friday, September 11th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.19. The business had revenue of $30.49 billion during the quarter, compared to the consensus estimate of $30.03 billion. Kroger had a net margin of 1.66% and a return on equity of 24.62%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share. Equities analysts expect that Kroger will post 2.87 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were paid a $0.72 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This is an increase from Kroger’s previous quarterly dividend of $0.16. This represents a $2.88 annualized dividend and a dividend yield of 8.33%. Kroger’s dividend payout ratio is 32.73%.
In other Kroger news, SVP Joseph A. Grieshaber, Jr. sold 33,600 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $34.00, for a total transaction of $1,142,400.00. Also, CEO W Rodney Mcmullen sold 85,381 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $31.97, for a total transaction of $2,729,630.57. Following the sale, the chief executive officer now directly owns 3,097,481 shares in the company, valued at $99,026,467.57. The disclosure for this sale can be found here. Insiders sold 256,797 shares of company stock worth $8,632,086 over the last ninety days. 1.34% of the stock is currently owned by corporate insiders.
Kroger Company Profile
The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.
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