Kroger (KR) Updates FY19 Earnings Guidance
Kroger (NYSE:KR) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.00-2.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.11. Kroger also updated its FY 2018 guidance to $2.00-2.15 EPS.
Shares of KR opened at $29.17 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.73 and a debt-to-equity ratio of 1.53. Kroger has a 1 year low of $22.85 and a 1 year high of $32.74. The company has a market cap of $23.57 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 2.08 and a beta of 0.79.
Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, December 6th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. Kroger had a net margin of 2.99% and a return on equity of 26.64%. The business had revenue of $27.67 billion during the quarter, compared to analyst estimates of $27.64 billion. During the same period last year, the firm posted $0.44 EPS. The company’s revenue was down .3% on a year-over-year basis. Analysts forecast that Kroger will post 2.11 earnings per share for the current fiscal year.
KR has been the subject of a number of research analyst reports. Deutsche Bank lowered shares of Kroger from a hold rating to a sell rating and cut their price objective for the company from $30.00 to $24.00 in a report on Tuesday, October 9th. Zacks Investment Research raised shares of Kroger from a hold rating to a buy rating and set a $35.00 price objective for the company in a report on Tuesday, August 21st. Credit Suisse Group set a $33.00 target price on Kroger and gave the company a hold rating in a research report on Thursday, September 13th. Wells Fargo & Co increased their target price on Kroger from $33.00 to $36.00 and gave the company an outperform rating in a research report on Monday, September 10th. Finally, Morgan Stanley lowered their target price on Kroger from $28.00 to $27.00 and set a hold rating for the company in a research report on Thursday, September 27th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $31.67.
In other news, insider Mary Ellen Adcock sold 1,850 shares of the stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $31.21, for a total transaction of $57,738.50. Following the completion of the transaction, the insider now directly owns 97,119 shares in the company, valued at approximately $3,031,083.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Clyde R. Moore sold 13,000 shares of the stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $29.06, for a total value of $377,780.00. The disclosure for this sale can be found here. Insiders have sold a total of 51,425 shares of company stock valued at $1,480,298 over the last quarter. Corporate insiders own 1.07% of the company’s stock.
The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.
Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.