Kroger (KR) Expected to Announce Quarterly Earnings on Thursday

Kroger (NYSE:KRGet Free Report) is expected to issue its quarterly earnings data before the market opens on Thursday, March 6th. Analysts expect the company to announce 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.Investors that are interested in participating in the company’s conference call can do so using this link.

Kroger (NYSE:KRGet Free Report) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.98 earnings per share 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 company had revenue of $33.63 billion for the quarter, compared to analyst estimates of $34.19 billion. During the same period last year, the firm earned $0.95 earnings per share. The firm’s 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 Stock Down 2.7 %

Kroger stock opened at $63.71 on Thursday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.07 and a current ratio of 1.54. The stock has a market cap of $46.10 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 2.85 and a beta of 0.47. Kroger has a fifty-two week low of $47.35 and a fifty-two week high of $66.26. The firm’s 50-day simple moving average is $61.96 and its 200 day simple moving average is $58.45.

Kroger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.01%. Kroger’s payout ratio is presently 33.86%.

Kroger announced that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that allows the company to buyback $7.50 billion in shares. This buyback authorization allows the company to repurchase up to 16.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Kroger from $69.00 to $71.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Roth Mkm boosted their price target on shares of Kroger from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Telsey Advisory Group raised their price objective on shares of Kroger from $70.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. The Goldman Sachs Group reiterated a “buy” rating and issued a $70.00 target price on shares of Kroger in a research note on Tuesday, February 4th. Finally, BMO Capital Markets raised their price target on shares of Kroger from $60.00 to $63.00 and gave the stock a “market perform” rating in a research note on Thursday, December 12th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.19.

View Our Latest Research Report on Kroger

Insider Buying and Selling at Kroger

In related news, CFO Todd A. Foley sold 16,932 shares of the business’s 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 owns 53,782 shares of the company’s stock, valued at approximately $3,304,366.08. The trade was a 23.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Timothy A. Massa sold 25,889 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $60.12, for a total transaction of $1,556,446.68. Following the completion of the sale, the senior vice president now owns 115,861 shares in the company, valued at $6,965,563.32. This represents a 18.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 195,448 shares of company stock valued at $12,143,923 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

About Kroger

(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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Earnings History for Kroger (NYSE:KR)

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