Kroger (NYSE:KR) Releases FY 2022 Earnings Guidance

Kroger (NYSE:KRGet Rating) issued an update on its FY 2022 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $3.95-$4.05 for the period, compared to the consensus estimate of $3.96. The company issued revenue guidance of -.

Kroger Stock Up 0.5 %

Shares of Kroger stock opened at $45.50 on Friday. The stock has a 50-day moving average price of $47.81 and a 200 day moving average price of $51.38. The company has a market cap of $32.57 billion, a P/E ratio of 13.83, a P/E/G ratio of 0.96 and a beta of 0.47. The company has a current ratio of 0.72, a quick ratio of 0.28 and a debt-to-equity ratio of 1.30. Kroger has a 1 year low of $38.22 and a 1 year high of $62.78.

Kroger (NYSE:KRGet Rating) last issued its earnings results on Friday, September 9th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. Kroger had a return on equity of 31.72% and a net margin of 1.70%. The company had revenue of $34.64 billion for the quarter, compared to analyst estimates of $34.44 billion. During the same period in the prior year, the firm posted $0.80 EPS. The business’s revenue was up 9.3% compared to the same quarter last year. As a group, analysts expect that Kroger will post 4.06 EPS for the current fiscal year.

Kroger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.29%. The ex-dividend date is Monday, November 14th. Kroger’s payout ratio is currently 31.61%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KR shares. Evercore ISI upped their target price on Kroger from $51.00 to $54.00 and gave the stock an in-line rating in a research report on Monday, September 12th. Credit Suisse Group lowered their price objective on Kroger from $60.00 to $55.00 and set a neutral rating on the stock in a report on Thursday, September 8th. UBS Group increased their price objective on Kroger to $57.00 in a report on Tuesday, September 13th. Oppenheimer lowered their price objective on Kroger to $51.00 in a report on Tuesday, September 6th. Finally, Guggenheim reissued a buy rating and set a $57.00 price objective on shares of Kroger in a report on Friday, June 17th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $52.89.

Institutional Investors Weigh In On Kroger

A number of institutional investors have recently made changes to their positions in KR. Covestor Ltd grew its stake in shares of Kroger by 50.4% during the first quarter. Covestor Ltd now owns 1,690 shares of the company’s stock worth $97,000 after purchasing an additional 566 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Kroger by 49.9% during the first quarter. Parkside Financial Bank & Trust now owns 1,932 shares of the company’s stock worth $111,000 after acquiring an additional 643 shares in the last quarter. Evercore Wealth Management LLC bought a new position in Kroger during the first quarter worth about $207,000. qPULA Trading Management LP bought a new position in Kroger during the first quarter worth about $224,000. Finally, Penserra Capital Management LLC lifted its holdings in Kroger by 15,338.5% during the first quarter. Penserra Capital Management LLC now owns 4,014 shares of the company’s stock worth $230,000 after acquiring an additional 3,988 shares in the last quarter. 79.05% of the stock is owned by institutional investors and hedge funds.

About Kroger

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The Kroger Co operates as a 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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Earnings History and Estimates for Kroger (NYSE:KR)

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