Kroger (NYSE:KR) Issues FY25 Earnings Guidance

Kroger (NYSE:KR) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.30-4.50 for the period, compared to the consensus earnings per share estimate of $4.44. Kroger also updated its FY 2024 guidance to 4.300-4.500 EPS.

Wall Street Analysts Forecast Growth

KR has been the subject of several research analyst reports. Argus upped their target price on shares of Kroger from $70.00 to $72.00 and gave the company a buy rating in a report on Monday, July 22nd. StockNews.com raised Kroger from a buy rating to a strong-buy rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. reduced their price objective on Kroger from $60.00 to $58.00 and set an overweight rating for the company in a research note on Friday, June 21st. BMO Capital Markets upgraded shares of Kroger from a market perform rating to an outperform rating and upped their price target for the company from $58.00 to $60.00 in a research report on Tuesday, June 18th. Finally, Evercore ISI reduced their target price on shares of Kroger from $61.00 to $60.00 and set an outperform rating for the company in a report on Thursday, June 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $58.64.

Kroger Stock Down 1.5 %

KR opened at $51.50 on Thursday. The business has a 50 day simple moving average of $53.21 and a 200-day simple moving average of $53.55. Kroger has a 12 month low of $42.10 and a 12 month high of $58.34. The stock has a market capitalization of $37.17 billion, a P/E ratio of 17.58, a P/E/G ratio of 0.81 and a beta of 0.47. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.45.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, September 12th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $33.91 billion during the quarter, compared to the consensus estimate of $34.09 billion. Kroger had a net margin of 1.43% and a return on equity of 29.89%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 EPS. On average, equities analysts anticipate that Kroger will post 4.45 earnings per share for the current fiscal year.

Kroger Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.49%. This is an increase from Kroger’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, August 15th. Kroger’s payout ratio is presently 43.69%.

Insider Buying and Selling at Kroger

In other Kroger news, VP Brian W. Nichols sold 2,000 shares of Kroger stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $54.53, for a total transaction of $109,060.00. Following the completion of the transaction, the vice president now owns 18,063 shares in the company, valued at $984,975.39. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.