Kroger (NYSE:KR – Get Rating) updated its FY 2022 earnings guidance on Friday. The company provided earnings per share guidance of $3.95-$4.05 for the period, compared to the consensus earnings per share estimate of $3.96. The company issued revenue guidance of -.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on KR. Oppenheimer lowered their price target on Kroger to $51.00 in a report on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft raised their target price on Kroger from $53.00 to $54.00 and gave the company a hold rating in a research note on Tuesday. Morgan Stanley raised their target price on Kroger from $41.00 to $43.00 and gave the company an underweight rating in a research note on Monday. UBS Group raised their target price on Kroger to $57.00 in a research note on Tuesday. Finally, MKM Partners raised their target price on Kroger from $48.00 to $55.00 in a research note on Tuesday, June 21st. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $52.89.
Kroger Stock Performance
Shares of NYSE KR opened at $47.88 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.72 and a debt-to-equity ratio of 1.30. The firm’s 50-day moving average price is $47.96 and its two-hundred day moving average price is $51.63. Kroger has a 52-week low of $38.22 and a 52-week high of $62.78. The stock has a market capitalization of $34.26 billion, a P/E ratio of 14.55, a P/E/G ratio of 1.04 and a beta of 0.47.
Kroger (NYSE:KR – Get Rating) last issued its earnings results on Friday, September 9th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. Kroger had a net margin of 1.70% and a return on equity of 31.72%. The firm had revenue of $34.64 billion for the quarter, compared to analysts’ expectations of $34.44 billion. During the same quarter last year, the company posted $0.80 earnings per share. Kroger’s revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts forecast that Kroger will post 4.04 earnings per share for the current year.
Kroger Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.17%. Kroger’s dividend payout ratio is currently 31.61%.
Institutional Investors Weigh In On Kroger
A number of hedge funds have recently made changes to their positions in KR. Synovus Financial Corp raised its holdings in shares of Kroger by 6.3% during the first quarter. Synovus Financial Corp now owns 12,869 shares of the company’s stock valued at $739,000 after buying an additional 764 shares during the last quarter. Cibc World Market Inc. raised its holdings in Kroger by 30.2% during the first quarter. Cibc World Market Inc. now owns 29,150 shares of the company’s stock worth $1,672,000 after purchasing an additional 6,764 shares in the last quarter. Blair William & Co. IL raised its holdings in Kroger by 7.1% during the first quarter. Blair William & Co. IL now owns 14,673 shares of the company’s stock worth $842,000 after purchasing an additional 974 shares in the last quarter. Prudential PLC bought a new stake in Kroger during the first quarter worth approximately $1,443,000. Finally, Moors & Cabot Inc. raised its holdings in Kroger by 3.6% during the first quarter. Moors & Cabot Inc. now owns 7,703 shares of the company’s stock worth $442,000 after purchasing an additional 269 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.
Kroger Company Profile
The Kroger Co operates as a 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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Kroger, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Kroger wasn’t on the list.
While Kroger currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Techyrack Website stock market day trading and youtube monetization and adsense Approval
Adsense Arbitrage website traffic Get Adsense Approval Google Adsense Earnings Traffic Arbitrage YouTube Monetization YouTube Monetization, Watchtime and Subscribers Ready Monetized Autoblog
from NYSE Updates – My Blog https://ift.tt/PRcKXyN
via IFTTT
No comments:
Post a Comment