Kroger (KR) Projected to Post Quarterly Earnings on Thursday
Kroger (NYSE:KR) is set to release its quarterly earnings on March 6, with analysts predicting earnings of $1.09 per share and revenue of $34.96 billion. The company has provided FY25 guidance of $4.35-4.45 EPS. In its last earnings report, Kroger reported $0.98 EPS, beating estimates. The stock is currently priced at $62.71, with a market cap of $45.38 billion. Kroger also announced a quarterly dividend of $0.32 per share and initiated a $7.50 billion share buyback program. Analysts have mixed ratings on the stock, with an average target price of $67.19.
Kroger (NYSE:KR - Get Free Report) is expected to release its earnings data before the market opens on Thursday, March 6th. Analysts expect Kroger to post earnings of $1.09 per share and revenue of $34.96 billion for the quarter. Kroger has set its FY25 guidance at $4.35-4.45 EPS and its FY 2024 guidance at 4.350-4.450 EPS.Persons interested in participating in the company's earnings conference call can do so using this link.
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Kroger (NYSE:KR - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.01. Kroger had a net margin of 1.85% and a return on equity of 27.73%. The business had revenue of $33.63 billion during the quarter, compared to analysts' expectations of $34.19 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The firm's quarterly revenue was down 1.0% on a year-over-year basis. On average, analysts expect Kroger to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Kroger Price Performance
KR opened at $62.71 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 1.74. Kroger has a 12 month low of $49.00 and a 12 month high of $66.26. The company has a fifty day simple moving average of $62.12 and a 200 day simple moving average of $58.72. The stock has a market cap of $45.38 billion, a P/E ratio of 16.59, a P/E/G ratio of 2.85 and a beta of 0.47.
Kroger Announces Dividend
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The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Friday, February 14th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Friday, February 14th. Kroger's dividend payout ratio (DPR) is presently 33.86%.
Kroger declared that its board has initiated a share buyback program on Wednesday, December 11th that permits the company to buyback $7.50 billion in shares. This buyback authorization permits the company to reacquire up to 16.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.
Wall Street Analyst Weigh In
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A number of equities analysts have issued reports on the company. UBS Group increased their target price on Kroger from $63.00 to $66.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Evercore ISI increased their target price on Kroger from $70.00 to $75.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Citigroup reiterated a "neutral" rating and set a $61.00 target price on shares of Kroger in a report on Friday, January 24th. BMO Capital Markets raised their price objective on Kroger from $60.00 to $63.00 and gave the company a "market perform" rating in a report on Thursday, December 12th. Finally, Morgan Stanley raised their price objective on Kroger from $62.00 to $65.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kroger has an average rating of "Moderate Buy" and an average target price of $67.19.
View Our Latest Stock Analysis on Kroger
Insiders Place Their Bets
In related news, SVP Timothy A. Massa sold 25,889 shares of Kroger stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $60.12, for a total value of $1,556,446.68. Following the transaction, the senior vice president now directly owns 115,861 shares of the company's stock, valued at $6,965,563.32. This trade represents a 18.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Todd A. Foley sold 16,932 shares of Kroger stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $61.44, for a total transaction of $1,040,302.08. Following the completion of the transaction, the chief financial officer now directly owns 53,782 shares in the company, valued at $3,304,366.08. This trade represents a 23.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 195,448 shares of company stock worth $12,143,923 over the last three months. Insiders own 1.40% of the company's stock.
Kroger Company Profile
(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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