The Kroger (NYSE:KR) Issues FY 2021 Earnings Guidance

The Kroger (NYSE:KR) updated its FY 2021 earnings guidance on Friday. The company provided EPS guidance of $3.250-$3.350 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.060. The company issued revenue guidance of -.

KR has been the subject of several recent analyst reports. Telsey Advisory Group lifted their target price on shares of The Kroger from $40.00 to $45.00 and gave the stock a market perform rating in a report on Monday, September 13th. Barclays lifted their target price on shares of The Kroger from $35.00 to $37.00 and gave the stock an underweight rating in a report on Monday, September 13th. lifted their target price on shares of The Kroger from $37.00 to $41.00 and gave the stock a neutral rating in a report on Friday, June 18th. MKM Partners lifted their target price on shares of The Kroger from $40.00 to $44.00 and gave the stock a neutral rating in a report on Monday, September 13th. Finally, Wells Fargo & Company lifted their price target on shares of The Kroger from $39.00 to $46.00 and gave the stock an equal weight rating in a research note on Tuesday, September 7th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $38.44.

Shares of NYSE:KR opened at $39.98 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.82 and a quick ratio of 0.38. The Kroger has a 1-year low of $30.35 and a 1-year high of $47.99. The company has a market capitalization of $29.73 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.54 and a beta of 0.39. The firm’s 50 day simple moving average is $43.01 and its two-hundred day simple moving average is $39.34.

The Kroger (NYSE:KR) last released its earnings results on Thursday, September 9th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.64 by $0.16. The Kroger had a net margin of 0.87% and a return on equity of 28.26%. The firm had revenue of $31.68 billion for the quarter, compared to the consensus estimate of $30.69 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts anticipate that The Kroger will post 3.28 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 1st. Investors of record on Monday, November 15th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Friday, November 12th. The Kroger’s payout ratio is 24.21%.

The Kroger announced that its board has initiated a share buyback plan on Thursday, June 17th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 3.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

In other The Kroger news, VP Carin L. Fike sold 783 shares of the business’s stock in a transaction on Wednesday, September 15th. The shares were sold at an average price of $42.04, for a total transaction of $32,917.32. Following the transaction, the vice president now owns 34,766 shares in the company, valued at $1,461,562.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mary Ellen Adcock sold 18,500 shares of the company’s stock in a transaction dated Tuesday, September 14th. The stock was sold at an average price of $42.08, for a total transaction of $778,480.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,428 shares of company stock worth $855,251. 1.35% of the stock is owned by insiders.

About The Kroger

The Kroger Co engages in the operation of supermarkets and multi-department stores. Its brands include Big K, Check This Out…, Heritage Farm, Simple Truth, and Simple Truth Organic. The company was founded by Barney Kroger in 1883 and is headquartered in Cincinnati, OH.

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Earnings History and Estimates for The Kroger (NYSE:KR)

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