Kroger (NYSE:KR) Issues FY 2024 Earnings Guidance

Kroger (NYSE:KRGet Free Report) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 4.300-4.500 for the period, compared to the consensus EPS estimate of 4.430. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KR. JPMorgan Chase & Co. cut their price objective on Kroger from $60.00 to $58.00 and set an overweight rating for the company in a research report on Friday. BMO Capital Markets raised shares of Kroger from a market perform rating to an outperform rating and boosted their target price for the company from $58.00 to $60.00 in a research note on Tuesday, June 18th. Evercore ISI cut their target price on shares of Kroger from $61.00 to $60.00 and set an outperform rating on the stock in a research note on Thursday. BNP Paribas reissued an underperform rating and set a $48.00 target price on shares of Kroger in a research note on Monday, April 8th. Finally, Telsey Advisory Group reaffirmed an outperform rating and issued a $62.00 price target on shares of Kroger in a research note on Monday, June 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $56.20.

Check Out Our Latest Stock Report on Kroger

Kroger Price Performance

NYSE KR opened at $50.21 on Monday. Kroger has a fifty-two week low of $42.10 and a fifty-two week high of $58.34. The stock’s 50-day moving average is $53.65 and its two-hundred day moving average is $50.79. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.36. The firm has a market cap of $36.24 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.90 and a beta of 0.43.

Kroger (NYSE:KRGet Free Report) last issued its quarterly earnings results on Thursday, June 20th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.10. The company had revenue of $45.27 billion for the quarter, compared to the consensus estimate of $44.86 billion. Kroger had a return on equity of 29.89% and a net margin of 1.43%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $1.51 earnings per share. On average, analysts anticipate that Kroger will post 4.43 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Carin L. Fike sold 3,929 shares of Kroger stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $57.03, for a total transaction of $224,070.87. Following the sale, the vice president now directly owns 3,768 shares of the company’s stock, valued at $214,889.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Kroger news, VP Carin L. Fike sold 3,929 shares of Kroger stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $57.03, for a total transaction of $224,070.87. Following the sale, the vice president now directly owns 3,768 shares of the company’s stock, valued at $214,889.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kenneth C. Kimball sold 30,251 shares of Kroger stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $55.98, for a total value of $1,693,450.98. Following the sale, the senior vice president now directly owns 105,298 shares in the company, valued at $5,894,582.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,796 shares of company stock valued at $3,118,767. 1.40% of the stock is owned by insiders.

About Kroger

(Get Free Report)

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. 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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