Kroger (NYSE:KR) Updates FY25 Earnings Guidance

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Morgan Stanley lifted their price target on Kroger from $57.00 to $58.00 and gave the stock an equal weight rating in a research note on Friday. Telsey Advisory Group restated an outperform rating and set a $62.00 price target on shares of Kroger in a report on Monday, September 9th. JPMorgan Chase & Co. lifted their price objective on shares of Kroger from $58.00 to $59.00 and gave the stock an overweight rating in a research report on Friday. StockNews.com raised shares of Kroger from a buy rating to a strong-buy rating in a research note on Thursday, July 18th. Finally, Evercore ISI raised their target price on Kroger from $62.00 to $63.00 and gave the stock an outperform rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Kroger has a consensus rating of Moderate Buy and a consensus target price of $59.09.

Kroger Price Performance

Shares of KR opened at $55.91 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.45 and a current ratio of 0.86. The firm has a market cap of $40.36 billion, a PE ratio of 19.08, a PEG ratio of 0.80 and a beta of 0.47. Kroger has a twelve month low of $42.10 and a twelve month high of $58.34. The firm’s 50 day moving average price is $53.38 and its 200 day moving average price is $53.62.

Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, September 12th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. Kroger had a net margin of 1.43% and a return on equity of 29.89%. The firm had revenue of $33.91 billion during the quarter, compared to analysts’ expectations of $34.09 billion. During the same period in the prior year, the company posted $0.96 earnings per share. Kroger’s revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts expect that Kroger will post 4.45 EPS for the current fiscal year.

Kroger Increases Dividend

The business 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. The ex-dividend date was Thursday, August 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.29%. This is a boost from Kroger’s previous quarterly dividend of $0.29. Kroger’s dividend payout ratio is presently 43.69%.

Insiders Place Their Bets

In other news, VP Brian W. Nichols sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was 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 directly owns 18,063 shares in the company, valued at $984,975.39. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company 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.