Kroger (NYSE:KR) Issues FY 2024 Earnings Guidance

Kroger (NYSE:KR) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 4.300-4.500 for the period, compared to the consensus EPS estimate of 4.430. The company issued revenue guidance of -.

Kroger Stock Performance

KR stock opened at $50.29 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.36 and a current ratio of 0.81. The stock has a market capitalization of $36.29 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 1.96 and a beta of 0.43. Kroger has a 1 year low of $42.10 and a 1 year high of $58.34. The stock’s fifty day moving average is $53.75 and its two-hundred day moving average is $50.67.

Kroger (NYSE:KR) last posted its earnings results on Thursday, June 20th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. 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 31.44% and a net margin of 1.44%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $1.51 earnings per share. On average, research analysts predict that Kroger will post 4.43 EPS for the current year.

Wall Street Analyst Weigh In

KR has been the topic of a number of research analyst reports. StockNews.com lowered Kroger from a strong-buy rating to a buy rating in a report on Thursday. BNP Paribas reissued an underperform rating and set a $48.00 price target on shares of Kroger in a report on Monday, April 8th. Telsey Advisory Group reissued an outperform rating and set a $62.00 price target on shares of Kroger in a report on Monday. Wells Fargo & Company raised Kroger from an equal weight rating to an overweight rating and raised their price target for the company from $58.00 to $65.00 in a report on Tuesday, April 16th. Finally, BMO Capital Markets raised Kroger from a market perform rating to an outperform rating and raised their price target for the company from $58.00 to $60.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Kroger presently has a consensus rating of Moderate Buy and a consensus price target of $55.70.

Insider Buying and Selling

In related news, VP Carin L. Fike sold 3,929 shares of Kroger 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 transaction, the vice president now owns 3,768 shares of the company’s stock, valued at approximately $214,889.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Todd A. Foley sold 6,616 shares of Kroger stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $55.69, for a total value of $368,445.04. Following the transaction, the chief financial officer now owns 46,958 shares of the company’s stock, valued at approximately $2,615,091.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the vice president now owns 3,768 shares of the company’s stock, valued at $214,889.04. The disclosure for this sale can be found here. Insiders have sold a total of 55,796 shares of company stock valued at $3,118,767 over the last three months. Company insiders own 1.40% of the company’s stock.

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.