$28.42 Billion in Sales Expected for Kroger Co (NYSE:KR) This Quarter

Equities research analysts expect that Kroger Co (NYSE:KR) will post sales of $28.42 billion for the current quarter, according to Zacks. Four analysts have provided estimates for Kroger’s earnings. The highest sales estimate is $28.61 billion and the lowest is $28.20 billion. Kroger posted sales of $27.87 billion during the same quarter last year, which suggests a positive year over year growth rate of 2%. The company is scheduled to report its next quarterly earnings results on Thursday, September 12th.

According to Zacks, analysts expect that Kroger will report full-year sales of $122.88 billion for the current year, with estimates ranging from $122.39 billion to $123.69 billion. For the next year, analysts anticipate that the firm will report sales of $126.08 billion, with estimates ranging from $125.44 billion to $128.16 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Kroger.

Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, June 20th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Kroger had a return on equity of 21.79% and a net margin of 1.54%. The firm had revenue of $37.25 billion for the quarter, compared to analyst estimates of $37.27 billion. During the same quarter in the previous year, the company posted $0.73 EPS. The business’s revenue was down 1.2% on a year-over-year basis.

Several equities research analysts recently commented on the company. Zacks Investment Research upgraded Kroger from a “sell” rating to a “hold” rating and set a $26.00 target price on the stock in a research report on Friday, May 31st. Telsey Advisory Group restated a “market perform” rating and set a $27.00 price target (down previously from $29.00) on shares of Kroger in a research report on Friday, June 21st. Pivotal Research upgraded Kroger from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Friday, August 2nd. Bank of America lowered their price target on Kroger from $37.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Finally, Guggenheim lowered their price target on Kroger from $31.00 to $26.00 in a research report on Monday, June 24th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Kroger has an average rating of “Hold” and an average price target of $28.61.

Shares of NYSE KR traded up $0.33 during trading on Friday, reaching $23.67. The company had a trading volume of 6,323,800 shares, compared to its average volume of 8,675,205. Kroger has a 12 month low of $20.70 and a 12 month high of $32.74. The company has a quick ratio of 0.25, a current ratio of 0.75 and a debt-to-equity ratio of 2.16. The company’s fifty day moving average price is $22.09 and its 200-day moving average price is $24.42. The stock has a market cap of $18.36 billion, a P/E ratio of 11.22, a PEG ratio of 1.63 and a beta of 0.62.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Thursday, August 15th will be paid a $0.16 dividend. The ex-dividend date is Wednesday, August 14th. This is a boost from Kroger’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 2.70%. Kroger’s dividend payout ratio (DPR) is presently 30.33%.

In other Kroger news, EVP J Michael Schlotman sold 15,000 shares of Kroger stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $22.01, for a total transaction of $330,150.00. Following the sale, the executive vice president now directly owns 270,655 shares of the company’s stock, valued at approximately $5,957,116.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald Sargent acquired 5,000 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were purchased at an average cost 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 approximately $2,034,243.40. The disclosure for this purchase can be found here. Insiders sold 43,600 shares of company stock worth $955,450 over the last three months. 1.34% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of KR. LSV Asset Management raised its holdings in Kroger by 1.8% in the 1st quarter. LSV Asset Management now owns 20,412,468 shares of the company’s stock worth $502,146,000 after acquiring an additional 361,800 shares during the last quarter. Pennsylvania Trust Co raised its stake in Kroger by 1,391.1% during the 1st quarter. Pennsylvania Trust Co now owns 113,029 shares of the company’s stock valued at $4,804,000 after buying an additional 105,449 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Kroger during the 2nd quarter valued at $497,000. Merriman Wealth Management LLC raised its stake in Kroger by 42.0% during the 1st quarter. Merriman Wealth Management LLC now owns 11,623 shares of the company’s stock valued at $286,000 after buying an additional 3,435 shares during the last quarter. Finally, Gyroscope Capital Management Group LLC purchased a new stake in Kroger during the 1st quarter valued at $7,525,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

About Kroger

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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