Kroger (KR) Set to Announce Quarterly Earnings on Thursday

Kroger (NYSE:KR) is scheduled to release its earnings data before the market opens on Thursday, June 20th. Analysts expect Kroger to post earnings of $0.72 per share for the quarter.

Shares of Kroger stock opened at $24.63 on Thursday. Kroger has a 12 month low of $22.44 and a 12 month high of $32.74. The company has a market cap of $19.30 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.44 and a beta of 0.71. The company has a quick ratio of 0.28, a current ratio of 0.76 and a debt-to-equity ratio of 1.54.

In related news, EVP Christopher T. Hjelm sold 16,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $25.80, for a total value of $412,800.00. Following the completion of the sale, the executive vice president now owns 282,429 shares of the company’s stock, valued at $7,286,668.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert D. Beyer sold 80,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $24.52, for a total value of $1,961,600.00. Following the completion of the sale, the director now directly owns 126,800 shares of the company’s stock, valued at approximately $3,109,136. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,416 shares of company stock valued at $2,694,175. Insiders own 1.34% of the company’s stock.



A number of brokerages have commented on KR. Zacks Investment Research cut Kroger from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. ValuEngine cut Kroger from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. TheStreet cut Kroger from a “b-” rating to a “c+” rating in a report on Wednesday, June 5th. Sanford C. Bernstein raised Kroger from a “market perform” rating to an “outperform” rating and set a $33.00 target price for the company in a report on Monday, May 20th. Finally, Credit Suisse Group reduced their target price on Kroger from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, March 8th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $29.84.

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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 for Kroger (NYSE:KR)

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