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.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Thursday, November 15th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Wednesday, November 14th. Kroger’s dividend payout ratio (DPR) is currently 27.45%.

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.

COPYRIGHT VIOLATION NOTICE: “Kroger (KR) Updates FY19 Earnings Guidance” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://www.dailypolitical.com/2018/12/08/kroger-kr-updates-fy19-earnings-guidance.html.

About Kroger

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.

Read More: How the Consumer Price Index (CPI) is calculated?

Earnings History and Estimates for Kroger (NYSE:KR)

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.