Kroger Co (NYSE:KR) – Stock analysts at Jefferies Financial Group increased their Q3 2019 earnings estimates for Kroger in a research report issued to clients and investors on Wednesday, October 31st. Jefferies Financial Group analyst C. Mandeville now anticipates that the company will post earnings per share of $0.45 for the quarter, up from their previous estimate of $0.42. Jefferies Financial Group currently has a “Buy” rating and a $35.00 target price on the stock. Jefferies Financial Group also issued estimates for Kroger’s Q1 2020 earnings at $0.74 EPS, Q2 2020 earnings at $0.44 EPS, Q3 2020 earnings at $0.50 EPS, Q4 2020 earnings at $0.61 EPS, FY2021 earnings at $2.77 EPS, FY2022 earnings at $3.07 EPS and FY2023 earnings at $3.35 EPS.
Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, September 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. Kroger had a return on equity of 28.05% and a net margin of 3.05%. The business had revenue of $27.87 billion during the quarter, compared to analyst estimates of $27.95 billion. During the same period last year, the company earned $0.39 earnings per share. Kroger’s quarterly revenue was up 1.0% compared to the same quarter last year.
Kroger stock opened at $30.17 on Monday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.26 and a current ratio of 0.73. The firm has a market cap of $24.06 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 2.34 and a beta of 0.77. Kroger has a one year low of $21.15 and a one year high of $32.74.
Large investors have recently modified their holdings of the company. Landaas & Co. WI ADV acquired a new stake in Kroger during the second quarter worth about $100,000. CSat Investment Advisory L.P. acquired a new stake in Kroger during the second quarter worth about $109,000. Bridgeworth LLC acquired a new stake in Kroger during the second quarter worth about $109,000. Zions Bancorporation acquired a new stake in Kroger during the third quarter worth about $128,000. Finally, Creative Financial Designs Inc. ADV grew its position in Kroger by 100.2% during the second quarter. Creative Financial Designs Inc. ADV now owns 5,170 shares of the company’s stock worth $147,000 after buying an additional 2,587 shares in the last quarter. 79.38% of the stock is currently owned by institutional investors.
In other news, SVP Calvin J. Kaufman sold 10,500 shares of the firm’s stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $27.47, for a total value of $288,435.00. Following the sale, the senior vice president now directly owns 124,688 shares of the company’s stock, valued at $3,425,179.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Clyde R. Moore sold 13,000 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $29.06, for a total value of $377,780.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,575 shares of company stock worth $1,422,559. 1.07% of the stock is currently owned by company insiders.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Thursday, November 15th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Wednesday, November 14th. Kroger’s dividend payout ratio is currently 27.45%.
Kroger Company Profile
The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.
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