Analysts expect Kroger Co (NYSE:KR) to report $36.81 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Kroger’s earnings, with the lowest sales estimate coming in at $36.26 billion and the highest estimate coming in at $37.42 billion. Kroger reported sales of $36.29 billion during the same quarter last year, which indicates a positive year over year growth rate of 1.4%. The firm is scheduled to announce its next earnings report on Thursday, June 21st.

According to Zacks, analysts expect that Kroger will report full-year sales of $36.81 billion for the current fiscal year, with estimates ranging from $120.04 billion to $124.82 billion. For the next financial year, analysts anticipate that the firm will report sales of $124.46 billion per share, with estimates ranging from $122.32 billion to $128.36 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Kroger.

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Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, March 8th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. Kroger had a return on equity of 29.27% and a net margin of 1.55%. The business had revenue of $31.03 billion during the quarter, compared to the consensus estimate of $30.81 billion. During the same quarter last year, the firm posted $0.53 EPS. The company’s quarterly revenue was up 12.4% on a year-over-year basis.

Several equities research analysts have issued reports on the company. ValuEngine downgraded Kroger from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BMO Capital Markets set a $31.00 price target on Kroger and gave the company a “hold” rating in a report on Wednesday, January 24th. Morgan Stanley raised their price target on Kroger from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Stephens set a $29.00 price target on Kroger and gave the company a “hold” rating in a report on Tuesday, January 16th. Finally, Citigroup raised their price target on Kroger from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, December 26th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.27.

In related news, insider Christopher T. Hjelm sold 16,530 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $27.00, for a total value of $446,310.00. Following the transaction, the insider now owns 243,784 shares in the company, valued at $6,582,168. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Todd A. Foley sold 3,800 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $24.43, for a total value of $92,834.00. Following the completion of the transaction, the vice president now owns 31,273 shares in the company, valued at approximately $763,999.39. The disclosure for this sale can be found here. Insiders sold 110,130 shares of company stock worth $3,187,062 in the last 90 days. 0.85% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of KR. Nationwide Fund Advisors grew its position in Kroger by 64.5% in the third quarter. Nationwide Fund Advisors now owns 1,059,817 shares of the company’s stock valued at $21,260,000 after acquiring an additional 415,628 shares during the last quarter. Gabelli Funds LLC grew its position in Kroger by 6.9% in the third quarter. Gabelli Funds LLC now owns 233,000 shares of the company’s stock valued at $4,674,000 after acquiring an additional 15,000 shares during the last quarter. Principal Financial Group Inc. grew its position in Kroger by 5.3% in the third quarter. Principal Financial Group Inc. now owns 6,946,580 shares of the company’s stock valued at $139,348,000 after acquiring an additional 350,316 shares during the last quarter. Global X MANAGEMENT CO LLC grew its position in Kroger by 37.5% in the third quarter. Global X MANAGEMENT CO LLC now owns 10,113 shares of the company’s stock valued at $203,000 after acquiring an additional 2,756 shares during the last quarter. Finally, FDx Advisors Inc. grew its position in Kroger by 30.4% in the third quarter. FDx Advisors Inc. now owns 108,968 shares of the company’s stock valued at $2,186,000 after acquiring an additional 25,392 shares during the last quarter. Institutional investors own 75.78% of the company’s stock.

Shares of Kroger (KR) traded up $0.06 during trading on Friday, reaching $23.69. The company’s stock had a trading volume of 13,577,773 shares, compared to its average volume of 11,590,867. Kroger has a fifty-two week low of $19.69 and a fifty-two week high of $31.45. The firm has a market cap of $20,860.00, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 1.94 and a beta of 1.04. The company has a quick ratio of 0.32, a current ratio of 0.78 and a debt-to-equity ratio of 1.74.

Kroger declared that its Board of Directors has approved a share buyback program on Thursday, March 15th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Monday, May 14th. Kroger’s payout ratio is currently 29.76%.

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

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