Stock analysts predict The Kroger Co. (NYSE: KR) will post revenue of $ 30.87 billion for the current fiscal quarter, reports Zacks Investment Research. Five analysts have provided earnings estimates for The Kroger, with estimates ranging from $ 30.12 billion to $ 31.44 billion. The Kroger posted sales of $ 29.72 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.9%. The company is expected to release its next quarterly earnings report on Thursday, December 2.
According to Zacks, analysts expect The Kroger to report annual revenue of $ 135.59 billion for the current year, with estimates ranging from $ 134.26 billion to $ 136.63 billion. of dollars. For the next fiscal year, analysts predict the company will post revenue of $ 136.85 billion, with estimates ranging from $ 133.27 billion to $ 139.33 billion. Zacks’ sales calculations are an average based on a survey of research analysts who cover The Kroger.
The Kroger (NYSE: KR) last released its results on Thursday, September 9. The company reported earnings of $ 0.80 per share for the quarter, beating the Zacks’ consensus estimate of $ 0.64 by $ 0.16. The company posted revenue of $ 31.68 billion in the quarter, compared to a consensus estimate of $ 30.69 billion. The Kroger had a net margin of 0.87% and a return on equity of 28.26%. The company’s revenue increased 3.9% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $ 0.73.
KR has been the subject of several recent analyst reports. Wells Fargo & Company raised its price target for The Kroger stock from $ 39.00 to $ 46.00 and gave the stock an “equal weight” rating in a report released on Tuesday, September 7. Barclays raised its price target for The Kroger shares from $ 35 to $ 37.00 and rated the stock “underweight” in a research report on Monday, September 13. Telsey Advisory Group increased its price target for The Kroger shares from $ 40.00 to $ 45.00 and gave the stock a “market performance” rating in a research report released on Monday, September 13. . Northcoast Research increased its target price for The Kroger shares from $ 46.00 to $ 49.00 and gave the company a “buy” rating in a research note on Tuesday, September 7. Finally, MKM Partners raised its price target for The Kroger shares from $ 40.00 to $ 44.00 and gave the stock a “neutral” rating in a research note on Monday, September 13. Four equity research analysts rated the stock with a sell rating, thirteen assigned a conservation rating, and one issued a buy rating for the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $ 38.44.
NYSE: KR shares opened at $ 38.59 on Friday. The company’s fifty-day moving average is $ 42.70 and its 200-day moving average is $ 39.76. The Kroger has a 52-week low of $ 30.35 and a 52-week high of $ 47.99. The stock has a market cap of $ 28.70 billion, a PE ratio of 25.90, a PEG ratio of 1.54 and a beta of 0.39. The company has a quick ratio of 0.38, a current ratio of 0.82, and a debt ratio of 1.41.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 1. Shareholders of record on Monday, November 15 will receive a dividend of $ 0.21 per share. This represents a dividend of $ 0.84 on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, November 12. Kroger’s dividend payout ratio (DPR) is currently 24.21%.
In other news from The Kroger, Vice President Christine S. Wheatley sold 25,322 shares of the company in a transaction that took place on Thursday, October 7. The stock was sold for an average price of $ 39.68, for a total value of $ 1,004,776.96. The transaction was disclosed in a legal file with the Securities & Exchange Commission, which is available on the SEC website. In addition, Senior Vice President Mary Ellen Adcock sold 18,500 shares of the company in a transaction that took place on Tuesday, September 14. The shares were sold at an average price of $ 42.08, for a total value of $ 778,480.00. Disclosure of this sale can be found here. Insiders have sold 73,479 shares of the company valued at $ 2,966,226 in the past three months. 1.35% of the capital is held by insiders.
A number of institutional investors have recently changed their holdings of equities. Accel Wealth Management increased its position in The Kroger shares by 43.5% in the second quarter. Accel Wealth Management now owns 907 shares of the company valued at $ 35,000 after acquiring 275 additional shares in the last quarter. Souders Financial Advisors increased its stake in The Kroger shares by 4.1% in the first quarter. Souders Financial Advisors now owns 7,312 shares of the company valued at $ 263,000 after purchasing an additional 291 shares during the period. IFP Advisors Inc increased its position in The Kroger by 3.8% in the third quarter. IFP Advisors Inc now owns 7,996 shares of the company valued at $ 324,000 after purchasing an additional 293 shares during the last quarter. Selective Wealth Management Inc. increased its holdings of The Kroger shares by 62.5% during the second quarter. Selective Wealth Management Inc. now owns 780 shares of the company valued at $ 30,000 after purchasing an additional 300 shares in the last quarter. Finally, Wesbanco Bank Inc. increased its stake in The Kroger shares by 3.3% in the third quarter. Wesbanco Bank Inc. now owns 9,257 shares of the company valued at $ 374,000 after purchasing an additional 300 shares in the last quarter. 82.42% of the shares are currently held by institutional investors and hedge funds.
About the Kroger
The Kroger Co is engaged in the operation of supermarkets and department stores. Its brands include Big K, Check This Out…, Heritage Farm, Simple Truth and Simple Truth Organic. The company was founded by Barney Kroger in 1883 and is headquartered in Cincinnati, OH.
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