Wall Street analysts expect Kroger Co (NYSE:KR) to report earnings of $0.89 per share for the current quarter, Zacks reports. Five analysts have issued estimates for Kroger’s earnings, with the highest EPS estimate coming in at $1.08 and the lowest estimate coming in at $0.74. Kroger posted earnings of $0.72 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 23.6%. The firm is scheduled to report its next quarterly earnings report on Thursday, June 18th.

According to Zacks, analysts expect that Kroger will report full-year earnings of $2.47 per share for the current fiscal year, with EPS estimates ranging from $2.35 to $2.71. For the next fiscal year, analysts anticipate that the business will post earnings of $2.48 per share, with EPS estimates ranging from $2.43 to $2.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Kroger.

Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. Kroger had a return on equity of 20.72% and a net margin of 1.36%. The firm had revenue of $28.89 billion for the quarter, compared to the consensus estimate of $28.88 billion. During the same period in the prior year, the business posted $0.48 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis.

Several research analysts have commented on KR shares. Sanford C. Bernstein restated a “buy” rating and set a $37.00 price objective on shares of Kroger in a report on Friday, March 6th. Deutsche Bank raised their price objective on Kroger from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Monday, April 6th. Telsey Advisory Group upgraded Kroger from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $33.00 to $39.00 in a report on Wednesday, March 18th. Bank of America raised their price objective on Kroger from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Citigroup downgraded Kroger from a “buy” rating to a “neutral” rating in a report on Wednesday, April 15th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $32.50.

In other news, Director Bobby S. Shackouls sold 7,800 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $33.76, for a total value of $263,328.00. Following the completion of the transaction, the director now owns 52,445 shares of the company’s stock, valued at approximately $1,770,543.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Timothy A. Massa sold 8,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $31.37, for a total value of $250,960.00. Following the completion of the transaction, the senior vice president now directly owns 152,917 shares of the company’s stock, valued at approximately $4,797,006.29. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,100 shares of company stock valued at $615,796. 1.34% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. First Command Bank purchased a new position in shares of Kroger in the 1st quarter valued at about $27,000. Synovus Financial Corp increased its stake in shares of Kroger by 565.8% in the 1st quarter. Synovus Financial Corp now owns 1,012 shares of the company’s stock valued at $30,000 after purchasing an additional 860 shares in the last quarter. Optimum Investment Advisors purchased a new position in shares of Kroger in the 1st quarter valued at about $32,000. PrairieView Partners LLC purchased a new position in shares of Kroger in the 1st quarter valued at about $33,000. Finally, Atlas Private Wealth Management increased its stake in shares of Kroger by 685.7% in the 1st quarter. Atlas Private Wealth Management now owns 1,100 shares of the company’s stock valued at $33,000 after purchasing an additional 960 shares in the last quarter. Hedge funds and other institutional investors own 82.32% of the company’s stock.

KR traded down $0.27 during trading on Friday, hitting $32.51. 15,070,210 shares of the stock were exchanged, compared to its average volume of 10,753,530. The firm has a 50 day simple moving average of $31.84 and a 200 day simple moving average of $29.25. The firm has a market cap of $26.58 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 2.77 and a beta of 0.37. Kroger has a 1 year low of $20.70 and a 1 year high of $36.84. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.27 and a current ratio of 0.76.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, May 14th. This represents a $0.64 dividend on an annualized basis and a yield of 1.97%. Kroger’s dividend payout ratio is currently 29.09%.

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.

See Also: What is meant by holder of record?

Get a free copy of the Zacks research report on Kroger (KR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Kroger (NYSE:KR)

Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.