Analysts Estimate Report : What to Look Out for Kroger (NYSE:KR)

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Earnings results for Kroger (NYSE:KR)

Kroger Company (The) is expected* to report earnings on 09/11/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.5. The reported EPS for the same quarter last year was $0.44.

Kroger last posted its quarterly earnings data on June 18th, 2020. The reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The company earned $41.55 billion during the quarter, compared to the consensus estimate of $40.92 billion. Its revenue was up 11.5% compared to the same quarter last year. Kroger has generated $2.20 earnings per share over the last year and currently has a price-to-earnings ratio of 13.3. Kroger has confirmed that its next quarterly earnings report will be published on Friday, September 11th, 2020. Kroger will be holding an earnings conference call on Friday, September 11th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Analyst Opinion on Kroger (NYSE:KR)

24 Wall Street analysts have issued ratings and price targets for Kroger in the last 12 months. Their average twelve-month price target is $34.64, predicting that the stock has a possible downside of 0.30%. The high price target for KR is $43.00 and the low price target for KR is $26.00. There are currently 2 sell ratings, 13 hold ratings and 9 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Kroger has received a consensus rating of Hold. The company’s average rating score is 2.29, and is based on 9 buy ratings, 13 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $34.64, Kroger has a forecasted downside of 0.3% from its current price of $34.74. Kroger has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Kroger (NYSE:KR)

Kroger pays a meaningful dividend of 2.05%, higher than the bottom 25% of all stocks that pay dividends. Kroger has been increasing its dividend for 13 years. The dividend payout ratio of Kroger is 32.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Kroger will have a dividend payout ratio of 28.02% next year. This indicates that Kroger will be able to sustain or increase its dividend.

Insiders buying/selling: Kroger (NYSE:KR)

In the past three months, Kroger insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,632,086.00 in company stock. Only 1.34% of the stock of Kroger is held by insiders. 81.69% of the stock of Kroger is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Kroger (NYSE:KR

Earnings for Kroger are expected to decrease by -10.45% in the coming year, from $2.87 to $2.57 per share. The P/E ratio of Kroger is 13.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 17.89. The P/E ratio of Kroger is 13.31, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 33.38. Kroger has a PEG Ratio of 2.20. PEG Ratios above 1 indicate that a company could be overvalued. Kroger has a P/B Ratio of 3.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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