Kroger (NYSE:KR – Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, March 7th. Analysts expect the company to announce earnings of $1.13 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Kroger Stock Performance
Kroger stock opened at $49.47 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.33 and a debt-to-equity ratio of 1.08. Kroger has a 1 year low of $42.10 and a 1 year high of $50.36. The company has a market cap of $35.59 billion, a PE ratio of 19.25, a PEG ratio of 2.57 and a beta of 0.46. The company’s 50-day moving average is $46.61 and its two-hundred day moving average is $45.49.
Kroger Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were given a $0.29 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.34%. Kroger’s dividend payout ratio is 45.14%.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
KR has been the subject of several research reports. TheStreet raised shares of Kroger from a “c+” rating to a “b” rating in a research note on Thursday, November 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $55.00 price target on shares of Kroger in a research note on Friday, March 1st. Morgan Stanley decreased their target price on shares of Kroger from $48.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, December 1st. JPMorgan Chase & Co. decreased their target price on shares of Kroger from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Friday, December 1st. Finally, Wells Fargo & Company raised shares of Kroger from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $42.00 to $50.00 in a research note on Tuesday, February 27th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $53.00.
Get Our Latest Research Report on Kroger
About Kroger
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.
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