Kroger (KR) to Release Earnings on Thursday

Kroger (NYSE:KR - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, September 12th. Analysts expect the company to announce earnings of $0.91 per share for the quarter. Kroger has set its FY25 guidance at $4.30-4.50 EPS.Investors interested in registering for the company's conference call can do so using this link.

Kroger (NYSE:KR - Get Free Report) last announced its quarterly earnings data on Thursday, June 20th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.10. Kroger had a return on equity of 29.89% and a net margin of 1.43%. The business had revenue of $45.27 billion for the quarter, compared to analysts' expectations of $44.86 billion. During the same period last year, the firm earned $1.51 earnings per share. The company's revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts expect Kroger to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Kroger Stock Up 0.0 %

KR traded up $0.01 on Thursday, hitting $53.37. 4,299,331 shares of the company were exchanged, compared to its average volume of 4,959,892. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 0.97. The company has a market cap of $38.52 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 0.83 and a beta of 0.45. The firm has a 50-day moving average price of $53.08 and a two-hundred day moving average price of $53.39. Kroger has a twelve month low of $42.10 and a twelve month high of $58.34.

Kroger Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, August 15th. This is a boost from Kroger's previous quarterly dividend of $0.29. Kroger's payout ratio is 43.69%.

Wall Street Analyst Weigh In

KR has been the topic of a number of research analyst reports. Wolfe Research raised shares of Kroger to a "strong-buy" rating in a report on Friday, June 21st. StockNews.com upgraded shares of Kroger from a "buy" rating to a "strong-buy" rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. cut their target price on Kroger from $60.00 to $58.00 and set an "overweight" rating on the stock in a research report on Friday, June 21st. Argus upped their target price on Kroger from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, July 22nd. Finally, Evercore ISI dropped their price target on Kroger from $61.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $58.64.

Insiders Place Their Bets

In related news, VP Brian W. Nichols sold 2,000 shares of the business's stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $54.53, for a total value of $109,060.00. Following the completion of the sale, the vice president now directly owns 18,063 shares in the company, valued at $984,975.39. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

Kroger Company Profile

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.