Kroger (NYSE:KR) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Kroger (NYSE:KR) announced its quarterly earnings data on Thursday. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10, Briefing.com reports. The company had revenue of $45.27 billion for the quarter, compared to analysts’ expectations of $44.86 billion. Kroger had a return on equity of 29.89% and a net margin of 1.43%. Kroger’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm posted $1.51 EPS. Kroger updated its FY25 guidance to $4.30-4.50 EPS.

Kroger Stock Performance

Shares of NYSE KR opened at $50.21 on Friday. The company has a market cap of $36.24 billion, a PE ratio of 17.14, a PEG ratio of 1.90 and a beta of 0.43. The firm’s 50-day moving average price is $53.65 and its 200-day moving average price is $50.71. Kroger has a 52-week low of $42.10 and a 52-week high of $58.34. The company has a quick ratio of 0.36, a current ratio of 0.86 and a debt-to-equity ratio of 0.97.

Wall Street Analyst Weigh In

KR has been the topic of several recent research reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $62.00 target price on shares of Kroger in a report on Monday, June 17th. Guggenheim lifted their price target on Kroger from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. BNP Paribas restated an “underperform” rating and issued a $48.00 target price on shares of Kroger in a report on Monday, April 8th. JPMorgan Chase & Co. lowered their price target on shares of Kroger from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Friday. Finally, Wells Fargo & Company raised shares of Kroger from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $58.00 to $65.00 in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Kroger presently has a consensus rating of “Moderate Buy” and an average price target of $56.20.

Insider Buying and Selling

In other news, VP Carin L. Fike sold 3,929 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $57.03, for a total value of $224,070.87. Following the transaction, the vice president now directly owns 3,768 shares in the company, valued at approximately $214,889.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP Valerie L. Jabbar sold 15,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $55.52, for a total transaction of $832,800.00. Following the completion of the sale, the senior vice president now owns 77,696 shares of the company’s stock, valued at approximately $4,313,681.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Carin L. Fike sold 3,929 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $57.03, for a total value of $224,070.87. Following the completion of the transaction, the vice president now directly owns 3,768 shares in the company, valued at approximately $214,889.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,796 shares of company stock worth $3,118,767. 1.40% of the stock is owned by insiders.

About Kroger

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. 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.