Kroger Company (The) (NYSE:KR) – Research analysts at Jefferies Group dropped their Q2 2019 EPS estimates for Kroger Company (The) in a research report issued on Monday. Jefferies Group analyst C. Mandeville now forecasts that the company will post earnings per share of $0.39 for the quarter, down from their prior forecast of $0.42. Jefferies Group currently has a “Hold” rating and a $19.00 target price on the stock. Jefferies Group also issued estimates for Kroger Company (The)’s Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.57 EPS, FY2019 earnings at $1.96 EPS, FY2020 earnings at $2.04 EPS, FY2021 earnings at $2.22 EPS and FY2022 earnings at $2.44 EPS.

KR has been the subject of several other reports. BidaskClub lowered shares of Kroger Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. TheStreet lowered shares of Kroger Company (The) from a “b” rating to a “c+” rating in a research note on Thursday, June 15th. Wells Fargo & Company reissued an “outperform” rating and set a $28.00 target price on shares of Kroger Company (The) in a research note on Sunday, July 2nd. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $28.00 target price on shares of Kroger Company (The) in a research note on Tuesday, September 5th. Finally, BMO Capital Markets set a $32.00 target price on shares of Kroger Company (The) and gave the company a “hold” rating in a research note on Saturday, June 10th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Kroger Company (The) has a consensus rating of “Hold” and an average price target of $28.58.

TRADEMARK VIOLATION NOTICE: “Q2 2019 EPS Estimates for Kroger Company (The) (KR) Reduced by Analyst” was first posted by Daily Political and is owned by of Daily Political. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://www.dailypolitical.com/2017/09/14/q2-2019-eps-estimates-for-kroger-company-the-kr-reduced-by-analyst.html.

Kroger Company (NYSE KR) traded down 2.02% during trading on Tuesday, hitting $21.29. The stock had a trading volume of 7,588,988 shares. The stock has a market cap of $19.01 billion, a price-to-earnings ratio of 12.88 and a beta of 0.79. The stock has a 50 day moving average price of $23.02 and a 200-day moving average price of $26.64. Kroger Company has a 12 month low of $20.41 and a 12 month high of $36.44.

Kroger Company (The) (NYSE:KR) last posted its earnings results on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. The firm had revenue of $27.60 billion for the quarter, compared to analysts’ expectations of $27.48 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year.

Several institutional investors and hedge funds have recently made changes to their positions in KR. Dupont Capital Management Corp acquired a new position in shares of Kroger Company (The) during the 2nd quarter worth $105,000. Advantage Investment Management LLC increased its stake in shares of Kroger Company (The) by 15.8% during the 1st quarter. Advantage Investment Management LLC now owns 3,682 shares of the company’s stock worth $109,000 after purchasing an additional 502 shares during the last quarter. Cedar Wealth Management LLC increased its stake in shares of Kroger Company (The) by 155.9% during the 2nd quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock worth $116,000 after purchasing an additional 3,040 shares during the last quarter. CWM LLC increased its stake in shares of Kroger Company (The) by 1,162.2% during the 2nd quarter. CWM LLC now owns 5,213 shares of the company’s stock worth $122,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Grove Bank & Trust increased its stake in shares of Kroger Company (The) by 9.3% during the 2nd quarter. Grove Bank & Trust now owns 5,287 shares of the company’s stock worth $124,000 after purchasing an additional 450 shares during the last quarter. Institutional investors own 74.63% of the company’s stock.

In other news, Director Susan M. Phillips sold 6,200 shares of the stock in a transaction on Friday, June 16th. The shares were sold at an average price of $21.17, for a total transaction of $131,254.00. Following the transaction, the director now owns 124,105 shares in the company, valued at approximately $2,627,302.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider J Michael Schlotman purchased 2,000 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were acquired at an average price of $22.73 per share, for a total transaction of $45,460.00. The disclosure for this purchase can be found here. Corporate insiders own 0.85% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were paid a dividend of $0.125 per share. This is a positive change from Kroger Company (The)’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, August 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.30%. Kroger Company (The)’s dividend payout ratio is 30.30%.

Kroger Company (The) announced that its board has initiated a stock buyback program on Thursday, June 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 4.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

About Kroger Company (The)

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.

Earnings History and Estimates for Kroger Company (The) (NYSE:KR)

Receive News & Ratings for Kroger Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.