Kroger Company (The) (NASDAQ:KR) Expected To Report Earnings On Thursday

Posted March 03, 2017

The company has a market capitalization of $30.11 billion, a P/E ratio of 15.423 and a beta of 0.78. William Blair Investment Management LLC raised its position in Kroger Company (The) by 5.7% in the fourth quarter. Bank of The West now owns 122,205 shares of the company's stock valued at $3,627,000 after buying an additional 17,264 shares during the period. AE Wealth Management LLC acquired a new stake in shares of Kroger Company (The) during the fourth quarter worth $255,000. The median one-year price target of 22 analysts covering the company is $37.00, which suggests the stock could still rise over 14 percent. Kroger Company has a 12-month low of $28.71 and a 12-month high of $39.22. The company has a 50-day moving average of $34.22 and a 200-day moving average of $33.17.

The consensus estimates from Thomson Reuters are income of $ 0.52 per share from $ 27.31 billion in revenue.

The Kroger Co. exceeded Wall Street expectations Thursday with a $506 million profit on $27.6 billion in revenue. According to FT, Year on year, both dividends per share and earnings per share excluding extraordinary items growth increased 16.57% and 18.63%, respectively.

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They expect $0.53 EPS, down 7.55% or $0.04 from last year's $0.57 per share.

McMullen stressed that Kroger is selling more merchandise on a tonnage basis and gaining in market share, as it digests recent acquisitions of the Roundy's grocery chain and the specialty-pharmacy company, ModernHEALTH.

Several research analysts have recently weighed in on KR shares. Zacks Investment Research lowered shares of Kroger Company (The) from a "hold" rating to a "sell" rating in a research note on Thursday, December 8th.

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"Kroger Company (The)'s (KR) "Equal Weight" Rating Reaffirmed at Barclays PLC" was first reported by Community Financial News and is owned by of Community Financial News.

Kroger's shares, which had already taken a 4 percent hit this week after news of Wal-Mart and Target's pricing strategies, were down 3.2 percent at $31.01 in morning trading. The company saw 12.81 million shares trade hands over the course of the day. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company. Kroger Company (The) presently has a consensus rating of "Hold" and an average target price of $36.92. The shares were sold at an average price of $33.25, for a total transaction of $502,740.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Following the transaction, the insider now directly owns 238,660 shares of the company's stock, valued at $8,197,971. After this transaction, the insider's stake stands at 56,722 shares, with a market value of $1803760.

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