The Kroger Co. (NYSE:KR) Expected to Announce Quarterly Sales of $31.01 Billion


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Brokerages forecast that The Kroger Co. (NYSE:KR) will announce $31.01 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for The Kroger’s earnings. The highest sales estimate is $31.75 billion and the lowest is $30.37 billion. The Kroger reported sales of $28.89 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 7.3%. The business is scheduled to issue its next earnings report before the market opens on Thursday, March 4th.

On average, analysts expect that The Kroger will report full-year sales of $132.74 billion for the current fiscal year, with estimates ranging from $132.13 billion to $133.51 billion. For the next financial year, analysts expect that the company will report sales of $127.79 billion, with estimates ranging from $126.72 billion to $128.92 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow The Kroger.

The Kroger (NYSE:KR) last released its earnings results on Wednesday, December 2nd. The company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. The Kroger had a return on equity of 27.26% and a net margin of 2.29%. The business had revenue of $29.72 billion for the quarter, compared to the consensus estimate of $30.03 billion. During the same period in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year.

KR has been the subject of several recent analyst reports. Credit Suisse Group decreased their price target on The Kroger from $36.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, December 4th. Telsey Advisory Group cut The Kroger from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $43.00 to $39.00 in a research note on Thursday, January 28th. Smith Barney Citigroup decreased their price target on The Kroger from $36.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, December 4th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell decreased their price target on The Kroger from $36.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, December 4th. Finally, Zacks Investment Research cut The Kroger from a “buy” rating to a “hold” rating and set a $34.00 price target for the company. in a research note on Thursday, November 26th. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $34.00.

In other The Kroger news, VP Carin L. Fike sold 2,000 shares of the firm’s stock in a transaction on Monday, December 28th. The stock was sold at an average price of $31.53, for a total transaction of $63,060.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Clyde R. Moore sold 13,000 shares of the firm’s stock in a transaction on Wednesday, January 27th. The stock was sold at an average price of $39.89, for a total value of $518,570.00. Following the transaction, the director now owns 132,677 shares in the company, valued at $5,292,485.53. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,307 shares of company stock worth $1,803,193. Company insiders own 1.34% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Rocky Mountain Advisers LLC raised its stake in The Kroger by 46.0% in the 4th quarter. Rocky Mountain Advisers LLC now owns 952 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the last quarter. Unison Advisors LLC increased its stake in shares of The Kroger by 0.5% in the 4th quarter. Unison Advisors LLC now owns 57,935 shares of the company’s stock valued at $1,840,000 after purchasing an additional 304 shares in the last quarter. Whittier Trust Co. increased its stake in shares of The Kroger by 17.8% in the 3rd quarter. Whittier Trust Co. now owns 2,157 shares of the company’s stock valued at $73,000 after purchasing an additional 326 shares in the last quarter. Cairn Investment Group Inc. boosted its holdings in The Kroger by 0.4% in the 4th quarter. Cairn Investment Group Inc. now owns 78,510 shares of the company’s stock worth $2,493,000 after buying an additional 335 shares during the last quarter. Finally, Bank of Hawaii boosted its holdings in The Kroger by 1.2% in the 3rd quarter. Bank of Hawaii now owns 29,073 shares of the company’s stock worth $986,000 after buying an additional 352 shares during the last quarter. 84.64% of the stock is owned by hedge funds and other institutional investors.

The Kroger stock traded down $0.56 during mid-day trading on Tuesday, hitting $33.03. The company had a trading volume of 9,721,784 shares, compared to its average volume of 12,413,731. The company has a current ratio of 0.83, a quick ratio of 0.35 and a debt-to-equity ratio of 1.19. The stock’s 50 day moving average price is $33.50 and its two-hundred day moving average price is $33.32. The Kroger has a 12 month low of $27.06 and a 12 month high of $42.99. The company has a market capitalization of $25.15 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 1.51 and a beta of 0.36.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 1st. Shareholders of record on Friday, February 12th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, February 11th. This represents a $0.72 dividend on an annualized basis and a yield of 2.18%. The Kroger’s dividend payout ratio (DPR) is presently 32.73%.

The Kroger Company Profile

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 The Kroger (NYSE:KR)

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