Kroger (NYSE:KR) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.30-2.40 for the period. Kroger also updated its FY20 guidance to $2.15-2.25 EPS.
Shares of KR stock opened at $26.23 on Friday. The firm has a market capitalization of $20.44 billion, a P/E ratio of 12.07, a P/E/G ratio of 1.80 and a beta of 0.56. Kroger has a twelve month low of $20.70 and a twelve month high of $31.98. The company has a quick ratio of 0.25, a current ratio of 0.76 and a debt-to-equity ratio of 2.15. The stock’s fifty day simple moving average is $23.17 and its 200 day simple moving average is $23.96.
Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, September 12th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $28.17 billion for the quarter, compared to analyst estimates of $28.34 billion. Kroger had a return on equity of 21.17% and a net margin of 1.36%. Kroger’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. As a group, equities research analysts expect that Kroger will post 2.19 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Thursday, August 15th were given a dividend of $0.16 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.64 dividend on an annualized basis and a yield of 2.44%. This is a positive change from Kroger’s previous quarterly dividend of $0.14. Kroger’s payout ratio is currently 30.33%.
A number of research firms have commented on KR. Zacks Investment Research upgraded Kroger from a sell rating to a hold rating and set a $26.00 price target on the stock in a research report on Friday, May 31st. UBS Group upped their price target on Kroger from $25.00 to $26.00 and gave the company a neutral rating in a research report on Friday. Guggenheim set a $26.00 price target on Kroger and gave the company a buy rating in a research report on Tuesday, September 3rd. Credit Suisse Group reiterated an outperform rating and issued a $29.00 price target (up previously from $27.00) on shares of Kroger in a research report on Friday. Finally, Sanford C. Bernstein upgraded Kroger from a market perform rating to an outperform rating and set a $33.00 price target on the stock in a research report on Monday, May 20th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Kroger currently has an average rating of Hold and an average price target of $28.18.
In other news, EVP J Michael Schlotman sold 15,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $22.01, for a total value of $330,150.00. Following the transaction, the executive vice president now directly owns 270,655 shares of the company’s stock, valued at approximately $5,957,116.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan J. Kropf sold 13,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $21.64, for a total value of $281,320.00. Following the completion of the transaction, the director now directly owns 101,171 shares in the company, valued at $2,189,340.44. The disclosure for this sale can be found here. Insiders sold a total of 43,600 shares of company stock worth $955,450 in the last quarter. Corporate insiders own 1.34% of the company’s stock.
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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