Kroger Co (KR) Expected to Earn FY2018 Earnings of $2.03 Per Share

Kroger Co (NYSE:KR) – Analysts at Jefferies Group lifted their FY2018 earnings estimates for shares of Kroger in a research note issued to investors on Friday. Jefferies Group analyst C. Mandeville now forecasts that the company will post earnings per share of $2.03 for the year, up from their previous estimate of $2.02. Jefferies Group has a “Buy” rating and a $33.00 price target on the stock. Jefferies Group also issued estimates for Kroger’s Q1 2019 earnings at $0.58 EPS, FY2019 earnings at $1.94 EPS and FY2021 earnings at $2.35 EPS.

Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, November 30th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The business had revenue of $27.75 billion for the quarter, compared to analysts’ expectations of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share.

A number of other analysts have also recently commented on the stock. Deutsche Bank cut shares of Kroger from a “buy” rating to a “hold” rating and cut their price target for the company from $26.00 to $21.00 in a research report on Monday, September 11th. Zacks Investment Research raised shares of Kroger from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $22.00 price target on shares of Kroger in a research report on Tuesday, November 14th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $26.00 price target on shares of Kroger in a research report on Friday, November 3rd. Finally, Citigroup upped their price target on shares of Kroger from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. Seventeen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $29.80.

Shares of Kroger (NYSE:KR) traded down $0.20 on Monday, reaching $27.77. 8,186,161 shares of the company’s stock were exchanged, compared to its average volume of 12,090,000. The company has a quick ratio of 0.31, a current ratio of 0.85 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $24,480.00, a PE ratio of 16.53, a P/E/G ratio of 3.60 and a beta of 0.93. Kroger has a twelve month low of $19.69 and a twelve month high of $34.99.

A number of hedge funds have recently modified their holdings of KR. Atlantic Trust Group LLC grew its position in Kroger by 2.0% in the 2nd quarter. Atlantic Trust Group LLC now owns 48,837 shares of the company’s stock worth $1,139,000 after purchasing an additional 952 shares in the last quarter. HPM Partners LLC bought a new stake in Kroger in the 2nd quarter worth about $865,000. Aberdeen Asset Management PLC UK grew its position in Kroger by 46.2% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 465,634 shares of the company’s stock worth $10,859,000 after purchasing an additional 147,093 shares in the last quarter. Dai Ichi Life Insurance Company Ltd grew its position in Kroger by 157.2% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 118,489 shares of the company’s stock worth $2,763,000 after purchasing an additional 72,418 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Kroger by 85.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,888 shares of the company’s stock worth $137,000 after purchasing an additional 2,708 shares in the last quarter. 79.59% of the stock is owned by institutional investors and hedge funds.

In other Kroger news, COO Michael Joseph Donnelly sold 15,400 shares of the company’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $27.66, for a total value of $425,964.00. Following the completion of the sale, the chief operating officer now directly owns 290,353 shares of the company’s stock, valued at approximately $8,031,163.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher T. Hjelm sold 16,530 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $27.00, for a total transaction of $446,310.00. Following the completion of the sale, the insider now directly owns 243,784 shares of the company’s stock, valued at $6,582,168. The disclosure for this sale can be found here. Insiders sold a total of 58,868 shares of company stock worth $1,607,426 in the last 90 days. 0.87% of the stock is currently owned by company insiders.

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About Kroger

The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.

Earnings History and Estimates for Kroger (NYSE:KR)

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