Kroger Company (The) (NYSE:KR) – Investment analysts at SunTrust Banks decreased their Q3 2018 earnings estimates for Kroger Company (The) in a research note issued to investors on Friday. SunTrust Banks analyst D. Magee now forecasts that the company will earn $0.41 per share for the quarter, down from their previous forecast of $0.42.

Kroger Company (The) (NYSE:KR) last issued its earnings results on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $27.60 billion for the quarter, compared to analyst estimates of $27.48 billion. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS.

ILLEGAL ACTIVITY WARNING: “Q3 2018 EPS Estimates for Kroger Company (The) Decreased by Analyst (KR)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/12/q3-2018-eps-estimates-for-kroger-company-the-decreased-by-analyst-kr.html.

KR has been the topic of several other reports. Jefferies Group LLC restated a “hold” rating on shares of Kroger Company (The) in a report on Friday, August 25th. Loop Capital assumed coverage on Kroger Company (The) in a report on Monday, May 15th. They set a “hold” rating and a $32.00 price target on the stock. BidaskClub cut Kroger Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. TheStreet cut Kroger Company (The) from a “b” rating to a “c+” rating in a report on Thursday, June 15th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $28.00 price target on shares of Kroger Company (The) in a report on Sunday, July 2nd. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $28.58.

Shares of Kroger Company (NYSE:KR) traded up 1.69% on Monday, hitting $21.70. 8,177,479 shares of the stock traded hands. The stock has a 50 day moving average of $23.12 and a 200-day moving average of $26.76. The stock has a market cap of $19.47 billion, a PE ratio of 13.06 and a beta of 0.79. Kroger Company has a 1-year low of $20.41 and a 1-year high of $36.44.

Large investors have recently modified their holdings of the company. Aldebaran Financial Inc. raised its position in Kroger Company (The) by 0.6% in the 1st quarter. Aldebaran Financial Inc. now owns 14,130 shares of the company’s stock valued at $417,000 after buying an additional 78 shares during the last quarter. Savant Capital LLC raised its position in Kroger Company (The) by 0.9% in the 2nd quarter. Savant Capital LLC now owns 10,617 shares of the company’s stock valued at $248,000 after buying an additional 90 shares during the last quarter. Cadence Capital Management LLC raised its position in Kroger Company (The) by 0.7% in the 1st quarter. Cadence Capital Management LLC now owns 19,717 shares of the company’s stock valued at $581,000 after buying an additional 143 shares during the last quarter. Peapack Gladstone Financial Corp raised its position in Kroger Company (The) by 1.4% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 11,343 shares of the company’s stock valued at $265,000 after buying an additional 154 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC raised its position in Kroger Company (The) by 4.1% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 4,323 shares of the company’s stock valued at $125,000 after buying an additional 171 shares during the last quarter. 74.63% of the stock is currently owned by institutional investors.

In other news, insider J Michael Schlotman bought 2,000 shares of the stock in a transaction dated Monday, June 26th. The shares were bought at an average cost of $22.73 per share, with a total value of $45,460.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan M. Phillips sold 6,200 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $21.17, for a total value of $131,254.00. Following the transaction, the director now directly owns 124,105 shares in the company, valued at $2,627,302.85. The disclosure for this sale can be found here. 0.87% of the stock is owned by corporate insiders.

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.34%. This is a positive change from Kroger Company (The)’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, August 11th. Kroger Company (The)’s dividend payout ratio is presently 30.30%.

Kroger Company (The) announced that its board has approved a share repurchase plan on Thursday, June 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

About Kroger Company (The)

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.

Earnings History and Estimates for Kroger Company (The) (NYSE:KR)

Receive News & Stock Ratings for Kroger Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger Company (The) and related stocks with our FREE daily email newsletter.