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

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

Several analysts recently issued reports on the stock. Credit Suisse Group boosted their target price on shares of The Kroger from $36.00 to $40.00 and gave the company a neutral rating in a research report on Monday, September 13th. Morgan Stanley lifted their price target on shares of The Kroger from $31.00 to $34.00 and gave the company an underweight rating in a report on Monday, September 20th. Telsey Advisory Group lifted their price target on shares of The Kroger from $40.00 to $45.00 and gave the company a market perform rating in a report on Monday, September 13th. UBS Group lifted their price target on shares of The Kroger from $35.00 to $40.00 and gave the company a neutral rating in a report on Friday, June 18th. Finally, Wells Fargo & Company lifted their price target on shares of The Kroger from $39.00 to $46.00 and gave the company an equal weight rating in a report on Tuesday, September 7th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, The Kroger has a consensus rating of Hold and a consensus target price of $38.44.

The Kroger stock opened at $39.98 on Friday. The company has a market cap of $29.73 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.54 and a beta of 0.39. The firm’s fifty day moving average is $43.01 and its 200 day moving average is $39.34. The company has a quick ratio of 0.38, a current ratio of 0.82 and a debt-to-equity ratio of 1.41. The Kroger has a 52-week low of $30.35 and a 52-week high of $47.99.

The Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, September 9th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.16. The company had revenue of $31.68 billion for the quarter, compared to the consensus estimate of $30.69 billion. The Kroger had a net margin of 0.87% and a return on equity of 28.26%. The Kroger’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. On average, equities research 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 declared that its board has authorized a share buyback plan on Thursday, June 17th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 3.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

In other news, VP Carin L. Fike sold 783 shares of the company’s stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of $42.04, for a total value of $32,917.32. Following the transaction, the vice president now directly owns 34,766 shares in the company, valued at $1,461,562.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Carin L. Fike sold 1,145 shares of the company’s stock in a transaction dated Wednesday, July 14th. The stock was sold at an average price of $38.30, for a total transaction of $43,853.50. The disclosure for this sale can be found here. Insiders have sold 20,428 shares of company stock worth $855,251 in the last quarter. Company insiders own 1.35% of the company’s stock.

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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