Kroger (NYSE:KR) Announces Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Kroger (NYSE:KR) posted its quarterly earnings data on Thursday. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.10, Briefing.com reports. Kroger had a net margin of 1.44% and a return on equity of 31.44%. The company had revenue of $45.27 billion for the quarter, compared to the consensus estimate of $44.86 billion. During the same quarter in the previous year, the firm posted $1.51 EPS. The business’s revenue was up .2% compared to the same quarter last year. Kroger updated its FY25 guidance to $4.30-4.50 EPS.

Kroger Price Performance

NYSE:KR opened at $51.98 on Thursday. The firm has a market cap of $37.51 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.96 and a beta of 0.43. Kroger has a 12 month low of $42.10 and a 12 month high of $58.34. The company has a quick ratio of 0.36, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. The company’s 50-day moving average price is $53.87 and its two-hundred day moving average price is $50.67.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Kroger from a “strong-buy” rating to a “buy” rating in a report on Thursday. BNP Paribas restated an “underperform” rating and set a $48.00 price objective on shares of Kroger in a report on Monday, April 8th. Wells Fargo & Company upgraded shares of Kroger from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $58.00 to $65.00 in a report on Tuesday, April 16th. Evercore ISI decreased their target price on shares of Kroger from $63.00 to $62.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Finally, Guggenheim lifted their target price on shares of Kroger from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.90.

Insider Buying and Selling at Kroger

In other Kroger news, CFO Todd A. Foley sold 6,616 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $55.69, for a total value of $368,445.04. Following the transaction, the chief financial officer now directly owns 46,958 shares in the company, valued at $2,615,091.02. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Carin L. Fike sold 3,929 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $57.03, for a total transaction of $224,070.87. Following the transaction, the vice president now directly owns 3,768 shares in the company, valued at $214,889.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Todd A. Foley sold 6,616 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $55.69, for a total transaction of $368,445.04. Following the transaction, the chief financial officer now owns 46,958 shares in the company, valued at $2,615,091.02. The disclosure for this sale can be found here. Insiders have sold a total of 55,796 shares of company stock worth $3,118,767 over the last ninety days. Corporate 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.