Equities research analysts expect Kroger Co (NYSE:KR) to post sales of $36.78 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Kroger’s earnings, with the lowest sales estimate coming in at $36.57 billion and the highest estimate coming in at $37.06 billion. Kroger reported sales of $37.53 billion in the same quarter last year, which indicates a negative year over year growth rate of 2%. The business is scheduled to report its next earnings report before the market opens on Thursday, June 20th.

According to Zacks, analysts expect that Kroger will report full-year sales of $122.16 billion for the current financial year, with estimates ranging from $121.46 billion to $122.76 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $125.46 billion, with estimates ranging from $124.43 billion to $127.48 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Kroger.

A number of research firms have issued reports on KR. Zacks Investment Research upgraded shares of Kroger from a “sell” rating to a “hold” rating in a report on Friday, May 17th. TheStreet cut shares of Kroger from a “b-” rating to a “c+” rating in a report on Wednesday, June 5th. ValuEngine upgraded shares of Kroger from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Evercore ISI began coverage on shares of Kroger in a report on Wednesday, March 20th. They set an “in-line” rating and a $27.00 price target for the company. Finally, Bank of America decreased their price target on shares of Kroger from $37.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. Kroger currently has an average rating of “Hold” and a consensus target price of $29.84.

KR stock traded down $0.36 during mid-day trading on Friday, reaching $24.26. 7,835,608 shares of the stock traded hands, compared to its average volume of 8,135,627. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.76 and a quick ratio of 0.28. Kroger has a 52 week low of $22.44 and a 52 week high of $32.74. The stock has a market capitalization of $19.57 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 1.48 and a beta of 0.71.

In other news, VP Michael Joseph Donnelly sold 10,916 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $25.83, for a total transaction of $281,960.28. Following the completion of the transaction, the vice president now owns 351,095 shares of the company’s stock, valued at $9,068,783.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert D. Beyer sold 80,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $24.52, for a total transaction of $1,961,600.00. Following the transaction, the director now directly owns 126,800 shares of the company’s stock, valued at approximately $3,109,136. The disclosure for this sale can be found here. Insiders have sold 108,416 shares of company stock valued at $2,694,175 in the last ninety days. 1.34% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in KR. Vanguard Group Inc raised its holdings in shares of Kroger by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 65,890,150 shares of the company’s stock valued at $1,918,063,000 after buying an additional 660,052 shares during the period. D.A. Davidson & CO. raised its holdings in shares of Kroger by 37.2% in the 4th quarter. D.A. Davidson & CO. now owns 10,486 shares of the company’s stock valued at $288,000 after buying an additional 2,841 shares during the period. RWC Asset Management LLP raised its holdings in shares of Kroger by 10.2% in the 4th quarter. RWC Asset Management LLP now owns 2,757,392 shares of the company’s stock valued at $75,827,000 after buying an additional 255,702 shares during the period. TD Asset Management Inc. raised its holdings in shares of Kroger by 5.7% in the 4th quarter. TD Asset Management Inc. now owns 570,549 shares of the company’s stock valued at $15,690,000 after buying an additional 30,857 shares during the period. Finally, M&T Bank Corp raised its holdings in shares of Kroger by 0.9% in the 4th quarter. M&T Bank Corp now owns 172,533 shares of the company’s stock valued at $4,743,000 after buying an additional 1,566 shares during the period. 80.15% of the stock is owned by institutional investors and hedge funds.

Kroger Company Profile

The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. 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 Kroger (NYSE:KR)

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