(NYSE:KR) in a report published on Wednesday morning.
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Kroger (NYSE:KR) last released its earnings results on Thursday, June 16th. The company has a market capitalization of $29.72 billion and a P/E ratio of 14.66. The Stock has its 52-week High of $42.75 and 52-Week Low of $31.45 and it touched its 52-week high on Dec 30, 2015 and 52-Week Low on Aug 17, 2016. Kroger Co. The firm’s 50-day moving average is $33.20 and its 200-day moving average is $35.86. Further, it is possible that the company may register per share earnings of $0.450 in the near-term quarter and $2.210 for the ongoing fiscal. For the prior quarter revenue for the stock hit $26.17B, with EPS at $0.57. The Street consensus on comparable-sales growth, excluding fuel, is for a 2.6 percent gain in the second quarter, according to Consensus Metrix. Kroger has set its FY17 guidance at $2.19-2.28 EPS.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. During the same quarter in the previous year, the company posted $1.25 EPS. In case a stock has a reading in between 0 and 1, it represents undervalued stock.
Excluding the move on Thursday, Kroger has underperformed the broad markets with the stock down 24% year to date. Van Oflen Mary Elizabeth offloaded 12,000 shares in the company at a per-share price of $37.85 and ended up generating $454,200 in proceeds.
Goldman is a brokerage house chasing shares of The Kroger Co.
In June, Kroger management conceded earnings for the fiscal second quarter ended August 13 would not be easy. The company’s institutional ownership is monitored at 15.5%. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. The forecast of 4 polled investment analysts covering the stock advises investors to Buy stake in the company. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Kroger during the fourth quarter worth approximately $1,525,000. The average numbers of shares are traded in a security per day, during the recent 3-month period.
Earnings Roundup: In the last fiscal quarter alone, The Kroger Co. generated almost $34.6B in sales and net income of $0.7/share. If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price. It is derived by dividing share’s latest price by per-share earnings.
Cleveland Research downgraded to a Hold rating from Buy. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock.
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The Kroger Co. (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes some of the food for sale in its supermarkets.
