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

Kroger (NYSE:KR) posted its quarterly earnings results on Thursday. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $44.86 billion. During the same period last year, the firm posted $1.51 EPS. Kroger’s revenue for the quarter 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 company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.36. The firm has a market cap of $37.51 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.96 and a beta of 0.43. The company has a 50 day moving average price of $53.87 and a 200-day moving average price of $50.67. Kroger has a 1-year low of $42.10 and a 1-year high of $58.34.

Insider Activity

In related news, VP Carin L. Fike sold 3,929 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $57.03, for a total value of $224,070.87. Following the completion of the sale, the vice president now owns 3,768 shares of the company’s stock, valued at approximately $214,889.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Todd A. Foley sold 6,616 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $55.69, for a total value of $368,445.04. Following the completion of the sale, the chief financial officer now owns 46,958 shares of the company’s stock, valued at approximately $2,615,091.02. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Carin L. Fike sold 3,929 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $57.03, for a total transaction of $224,070.87. Following the completion of the sale, the vice president now directly owns 3,768 shares of the company’s stock, valued at approximately $214,889.04. The disclosure for this sale can be found here. Insiders sold a total of 55,796 shares of company stock valued at $3,118,767 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KR shares. Telsey Advisory Group reissued an “outperform” rating and set a $62.00 price target on shares of Kroger in a research report on Monday. Wells Fargo & Company raised shares of Kroger from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $58.00 to $65.00 in a research report on Tuesday, April 16th. StockNews.com lowered shares of Kroger from a “strong-buy” rating to a “buy” rating in a research report on Thursday. BMO Capital Markets raised shares of Kroger from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $58.00 to $60.00 in a research report on Tuesday. Finally, Evercore ISI reduced their price target on shares of Kroger from $63.00 to $62.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.90.

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.