Kroger (NYSE:KR) Issues FY20 Earnings Guidance

Kroger (NYSE:KR) updated its FY20 earnings guidance on Thursday. The company provided EPS guidance of $2.15-2.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.17. Kroger also updated its FY 2019 guidance to $2.30-2.40 EPS.

A number of research firms have issued reports on KR. Telsey Advisory Group reaffirmed a market perform rating and issued a $27.00 price target (down previously from $29.00) on shares of Kroger in a report on Friday, June 21st. TheStreet cut shares of Kroger from a b- rating to a c+ rating in a report on Wednesday, June 5th. Sanford C. Bernstein raised shares of Kroger from a market perform rating to an outperform rating and set a $33.00 price target for the company in a report on Monday, May 20th. Zacks Investment Research raised shares of Kroger from a sell rating to a hold rating and set a $26.00 price target for the company in a report on Friday, May 31st. Finally, Pivotal Research reissued a buy rating and set a $30.00 target price (up previously from $26.00) on shares of Kroger in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Kroger presently has an average rating of Hold and a consensus price target of $28.18.

Shares of Kroger stock opened at $26.23 on Friday. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.76 and a quick ratio of 0.25. The firm has a fifty day moving average price of $23.17 and a 200 day moving average price of $23.96. Kroger has a 1 year low of $20.70 and a 1 year high of $31.98. The stock has a market cap of $20.44 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.80 and a beta of 0.56.

Kroger (NYSE:KR) last issued its earnings results on Thursday, September 12th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Kroger had a net margin of 1.36% and a return on equity of 21.17%. The firm had revenue of $28.17 billion during the quarter, compared to analysts’ expectations of $28.34 billion. During the same quarter last year, the company posted $0.41 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. As a group, equities analysts expect that Kroger will post 2.19 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Thursday, August 15th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Wednesday, August 14th. This is a positive change from Kroger’s previous quarterly dividend of $0.14. Kroger’s dividend payout ratio (DPR) is currently 30.33%.

In other news, Director Ronald Sargent purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were bought at an average price of $21.49 per share, for a total transaction of $107,450.00. Following the completion of the transaction, the director now owns 94,660 shares in the company, valued at $2,034,243.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan J. Kropf sold 13,000 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $21.64, for a total transaction of $281,320.00. Following the sale, the director now owns 101,171 shares in the company, valued at approximately $2,189,340.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,600 shares of company stock worth $955,450. 1.34% of the stock is owned by company insiders.

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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