Wall Street analysts predict that The Kroger Co. (NYSE:KR) will report earnings of $0.99 per share for the current quarter, according to Zacks. Four analysts have made estimates for The Kroger’s earnings. The highest EPS estimate is $1.34 and the lowest is $0.81. The Kroger posted earnings per share of $1.22 in the same quarter last year, which indicates a negative year-over-year growth rate of 18.9%. The company is scheduled to issue its next quarterly earnings report on Thursday, June 17th.

On average, analysts expect that The Kroger will report full-year earnings of $2.83 per share for the current fiscal year, with EPS estimates ranging from $2.70 to $2.93. For the next fiscal year, analysts expect that the company will report earnings of $2.95 per share, with EPS estimates ranging from $2.65 to $3.11. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for The Kroger.

The Kroger (NYSE:KR) last announced its quarterly earnings results on Wednesday, March 3rd. The company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.12. The Kroger had a return on equity of 27.26% and a net margin of 2.29%. The company had revenue of $30.74 billion during the quarter, compared to analyst estimates of $30.79 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis.

Several equities analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of The Kroger from $28.00 to $29.00 and gave the company an “underweight” rating in a report on Thursday, March 11th. Telsey Advisory Group lowered The Kroger from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $43.00 to $39.00 in a research note on Thursday, January 28th. Wells Fargo & Company upped their target price on The Kroger from $31.00 to $34.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 27th. Barclays downgraded shares of The Kroger from an “equal weight” rating to an “underweight” rating and set a $31.00 price objective on the stock. in a research note on Thursday, January 7th. Finally, Bank of America downgraded The Kroger from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $40.00 to $28.00 in a research note on Tuesday, February 23rd. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.29.

NYSE KR traded up $0.08 during mid-day trading on Thursday, hitting $37.23. The company’s stock had a trading volume of 9,535,964 shares, compared to its average volume of 11,592,820. The firm has a market capitalization of $28.00 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 1.51 and a beta of 0.36. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.83 and a quick ratio of 0.35. The Kroger has a 52-week low of $30.01 and a 52-week high of $42.99. The stock’s fifty day simple moving average is $34.96 and its two-hundred day simple moving average is $33.33.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 14th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, May 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.93%. The Kroger’s payout ratio is 32.73%.

In other The Kroger news, Director Susan J. Kropf sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $34.90, for a total value of $453,700.00. Following the completion of the sale, the director now owns 114,277 shares in the company, valued at approximately $3,988,267.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark C. Tuffin sold 21,000 shares of The Kroger stock in a transaction that occurred on Friday, March 26th. The stock was sold at an average price of $36.88, for a total value of $774,480.00. Following the sale, the senior vice president now directly owns 243,243 shares in the company, valued at approximately $8,970,801.84. The disclosure for this sale can be found here. Insiders have sold 73,730 shares of company stock worth $2,708,071 in the last ninety days. 1.34% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of The Kroger by 16.8% in the 4th quarter. BlackRock Inc. now owns 72,230,358 shares of the company’s stock valued at $2,294,036,000 after purchasing an additional 10,380,236 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of The Kroger by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,505,747 shares of the company’s stock valued at $333,644,000 after purchasing an additional 630,889 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of The Kroger by 7.2% in the 4th quarter. Bank of New York Mellon Corp now owns 7,899,660 shares of the company’s stock worth $250,894,000 after purchasing an additional 527,772 shares during the last quarter. Norges Bank acquired a new stake in shares of The Kroger during the 4th quarter worth about $226,065,000. Finally, Coho Partners Ltd. lifted its holdings in The Kroger by 6.7% during the 4th quarter. Coho Partners Ltd. now owns 6,868,324 shares of the company’s stock valued at $218,138,000 after purchasing an additional 429,144 shares during the last quarter. Institutional investors own 84.64% of the company’s stock.

The Kroger Company Profile

The Kroger Co operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. 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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Earnings History and Estimates for The Kroger (NYSE:KR)

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