Kroger (KR) Posts Earnings Results, Beats Expectations By $0.04 EPS
Kroger (NYSE:KR) announced its quarterly earnings data on Thursday. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04, Bloomberg Earnings reports. Kroger had a return on equity of 28.04% and a net margin of 1.32%. The business had revenue of $27.75 billion during the quarter, compared to analysts’ expectations of $27.48 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Kroger updated its FY18 guidance to $2.00-2.05 EPS.
Shares of Kroger (KR) opened at $25.86 on Friday. The stock has a market cap of $20,957.14, a price-to-earnings ratio of 12.34, a P/E/G ratio of 2.95 and a beta of 0.82. The company has a current ratio of 0.87, a quick ratio of 0.33 and a debt-to-equity ratio of 2.13. Kroger has a one year low of $19.69 and a one year high of $36.44.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a $0.125 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.93%. Kroger’s dividend payout ratio (DPR) is presently 30.30%.
Several research analysts have weighed in on the stock. Telsey Advisory Group raised their price objective on shares of Kroger from $24.00 to $28.00 and gave the stock a “market perform” rating in a report on Friday. BidaskClub raised Kroger from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Stephens began coverage on Kroger in a research note on Friday, August 11th. They issued an “underweight” rating and a $20.00 price target on the stock. Vetr raised Kroger from a “buy” rating to a “strong-buy” rating and set a $27.01 price target on the stock in a research note on Wednesday, August 9th. Finally, Oppenheimer reaffirmed a “hold” rating and set a $22.00 target price on shares of Kroger in a research report on Wednesday, October 4th. Nineteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Kroger presently has a consensus rating of “Hold” and a consensus target price of $29.06.
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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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