Kroger Company (The) (KR) Set to Announce Earnings on Friday
Kroger Company (The) (NYSE:KR) will release its earnings data before the market opens on Friday, September 8th. Analysts expect Kroger Company (The) to post earnings of $0.39 per share for the quarter. Kroger Company (The) has set its FY18 guidance at $2.00-2.05 EPS.
Kroger Company (The) (NYSE:KR) last issued its earnings results on Thursday, June 15th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. Kroger Company (The) had a return on equity of 29.10% and a net margin of 1.35%. The business had revenue of $36.29 billion during the quarter, compared to analyst estimates of $35.69 billion. During the same period in the previous year, the company posted $0.70 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, analysts expect Kroger Company (The) to post $1.98 EPS for the current fiscal year and $2.03 EPS for the next fiscal year.
Shares of Kroger Company (NYSE KR) opened at 22.55 on Thursday. The company has a 50-day moving average price of $23.19 and a 200-day moving average price of $26.98. Kroger Company has a 12 month low of $20.46 and a 12 month high of $36.44. The company has a market capitalization of $20.24 billion, a price-to-earnings ratio of 13.58 and a beta of 0.79. Kroger Company (The) also was the target of some unusual options trading activity on Monday. Investors acquired 15,917 call options on the company. This is an increase of approximately 187% compared to the average daily volume of 5,552 call options.
Kroger Company (The) declared that its Board of Directors has authorized a share buyback plan on Thursday, June 22nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 4.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were paid a dividend of $0.125 per share. This is an increase from Kroger Company (The)’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, August 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.22%. Kroger Company (The)’s dividend payout ratio (DPR) is currently 30.12%.
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KR has been the subject of a number of analyst reports. Vetr downgraded shares of Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $33.46 target price for the company. in a research note on Wednesday, May 10th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Kroger Company (The) in a research note on Friday, May 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $37.00 target price on shares of Kroger Company (The) in a research note on Friday, May 12th. Loop Capital initiated coverage on shares of Kroger Company (The) in a research note on Monday, May 15th. They set a “hold” rating and a $32.00 target price for the company. Finally, ValuEngine downgraded shares of Kroger Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $29.91.
In other Kroger Company (The) news, 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 acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan M. Phillips sold 6,200 shares of Kroger Company (The) stock in a transaction on Friday, June 16th. The stock was 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 disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.
Kroger Company (The) Company Profile
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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