Kroger (NYSE:KR) Releases Earnings Results, Misses Expectations By $0.01 EPS

Kroger (NYSE:KR) announced its quarterly earnings data on Thursday. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.01), reports. Kroger had a net margin of 1.36% and a return on equity of 21.17%. The firm had revenue of $27.97 billion for the quarter, compared to the consensus estimate of $28.18 billion. During the same quarter in the previous year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Kroger updated its FY20 guidance to $2.15-2.25 EPS and its FY21 guidance to $2.30-2.40 EPS.

NYSE KR opened at $27.49 on Friday. The firm’s fifty day moving average price is $26.20 and its 200 day moving average price is $24.12. The company has a market capitalization of $22.04 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 1.95 and a beta of 0.58. Kroger has a 12 month low of $20.70 and a 12 month high of $30.40. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.76 and a quick ratio of 0.27.

The company also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Friday, November 15th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.33%. Kroger’s payout ratio is currently 30.33%.

Several analysts recently issued reports on the company. Argus reiterated a “buy” rating on shares of Kroger in a research report on Thursday, November 14th. Pivotal Research reissued a “buy” rating and issued a $30.00 price target (up from $26.00) on shares of Kroger in a report on Wednesday, September 11th. JPMorgan Chase & Co. upped their price target on Kroger from $24.00 to $27.00 in a research note on Thursday, October 24th. Deutsche Bank reaffirmed a “hold” rating and set a $28.00 price objective (up from $27.00) on shares of Kroger in a report on Friday. Finally, ValuEngine upgraded shares of Kroger from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. Kroger currently has an average rating of “Hold” and a consensus target price of $27.57.

In related news, COO Michael Joseph Donnelly sold 40,510 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $26.28, for a total value of $1,064,602.80. Following the completion of the sale, the chief operating officer now owns 350,145 shares in the company, valued at $9,201,810.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Mary Ellen Adcock sold 15,400 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $28.00, for a total value of $431,200.00. Following the transaction, the senior vice president now directly owns 121,085 shares of the company’s stock, valued at $3,390,380. The disclosure for this sale can be found here. Insiders have sold a total of 134,323 shares of company stock worth $3,537,389 in the last 90 days. 1.34% of the stock is currently owned by company insiders.

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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