Wall Street analysts expect Kroger Co (NYSE:KR) to post sales of $29.60 billion for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Kroger’s earnings, with the lowest sales estimate coming in at $28.53 billion and the highest estimate coming in at $30.82 billion. Kroger reported sales of $28.17 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The firm is scheduled to issue its next earnings report on Thursday, September 10th.

According to Zacks, analysts expect that Kroger will report full-year sales of $129.07 billion for the current year, with estimates ranging from $126.18 billion to $132.29 billion. For the next year, analysts forecast that the business will post sales of $126.90 billion, with estimates ranging from $122.49 billion to $130.43 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Kroger.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, June 18th. The company reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.10. Kroger had a return on equity of 24.62% and a net margin of 1.66%. The business had revenue of $41.55 billion for the quarter, compared to analyst estimates of $40.92 billion. During the same quarter in the prior year, the firm posted $0.72 EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year.

A number of analysts recently issued reports on KR shares. CSFB raised their price objective on Kroger from $33.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Telsey Advisory Group upgraded Kroger from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $33.00 to $39.00 in a research note on Wednesday, March 18th. Oppenheimer assumed coverage on Kroger in a research report on Thursday, June 18th. They set a “hold” rating and a $34.00 price target on the stock. BMO Capital Markets boosted their target price on Kroger from $31.00 to $34.00 and gave the company a “market perform” rating in a report on Thursday, June 11th. Finally, UBS Group upped their price objective on Kroger from $33.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $33.77.

In other news, CEO W Rodney Mcmullen sold 85,381 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $31.97, for a total transaction of $2,729,630.57. Following the transaction, the chief executive officer now directly owns 3,097,481 shares of the company’s stock, valued at $99,026,467.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joseph A. Grieshaber, Jr. sold 33,600 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $34.00, for a total transaction of $1,142,400.00. 1.36% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in KR. State of Alaska Department of Revenue lifted its position in shares of Kroger by 35.9% during the second quarter. State of Alaska Department of Revenue now owns 378,230 shares of the company’s stock valued at $12,802,000 after buying an additional 99,960 shares during the last quarter. Ellevest Inc. increased its holdings in shares of Kroger by 23.5% during the second quarter. Ellevest Inc. now owns 7,594 shares of the company’s stock valued at $257,000 after acquiring an additional 1,445 shares in the last quarter. Farmers Trust Co. acquired a new position in shares of Kroger during the second quarter valued at about $217,000. Fulton Bank N. A. increased its holdings in shares of Kroger by 60.9% during the second quarter. Fulton Bank N. A. now owns 11,434 shares of the company’s stock valued at $387,000 after acquiring an additional 4,328 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in shares of Kroger by 103,449.4% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 81,804 shares of the company’s stock valued at $2,769,000 after acquiring an additional 81,725 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors.

Shares of KR traded up $0.23 during midday trading on Wednesday, reaching $33.73. The company had a trading volume of 7,074,507 shares, compared to its average volume of 11,155,853. Kroger has a 1-year low of $20.70 and a 1-year high of $36.84. The stock has a market cap of $26.06 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 2.19 and a beta of 0.38. The firm has a 50 day simple moving average of $32.62 and a 200-day simple moving average of $30.76. The company has a quick ratio of 0.40, a current ratio of 0.83 and a debt-to-equity ratio of 2.02.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a dividend of $0.72 per share. This is a boost from Kroger’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, August 13th. This represents a $2.88 annualized dividend and a dividend yield of 8.54%. Kroger’s payout ratio is presently 29.09%.

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 Kroger (NYSE:KR)

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