Q4 Profit Falls 9%
- Author: Zachary Reyes Mar 02, 2017,
Mar 02, 2017, 17:22
Kroger Company (The) (NYSE:KR) last announced its quarterly earnings results on Thursday, December 1st. NCM Capital Management Group Inc. boosted its position in Kroger Company (The) by 3.8% in the second quarter. Cim Investment Mangement Inc. now owns 18,114 shares of the company's stock valued at $625,000 after buying an additional 203 shares during the period. IL raised its position in Kroger Company (The) by 11.0% in the third quarter. Hermes Investment Management Ltd. increased its stake in Kroger Company (The) by 24.9% in the third quarter. The stock, after opening at $32.08, closed at $31.80 by scoring -1.33%. Baker Ellis Asset Management LLC increased its stake in Kroger Company (The) by 0.7% in the third quarter. The stock remained 5.22% volatile for the week and 5.07% for the month. The stock has been active on the tape, now trading at $32.06, up from yesterday's close by 0.82%. Kroger Company has a 12 month low of $28.71 and a 12 month high of $42.42. The share price has moved backward from its 20 days moving average -4.82% and negatively from its 50 days moving average -6.05%. (NYSE:KR) recently. The rating firm issued a Neutral rating to this company in a research note released on Dec 14, 2016. Higher EPS estimate is noted at $0.51 while lowest EPS estimate among analysts is targeted at $0.41. Kroger Company (The) had a net margin of 1.77% and a return on equity of 31.48%.
"16" Analysts are saying that the company to report next quarterly earnings of $0.46 per share for period Quarter Ending_Jul-17.
Kroger reported a $2 billion profit for 2016 - a 3.1 percent increase from the previous year. Equities research analysts forecast that Kroger Company will post $2.11 earnings per share for the current fiscal year.
In 2016, Kroger has repurchased $1.8 billion in common shares, paid $429 million in dividends, invested $3.6 billion in capital, and merged with ModernHEALTH for approximately $390 million. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Monday, February 13th. The positive trend in dividend payments is noteworthy since only some companies in the Retail (Grocery) industry pay a dividend. Analysts set a 12-month price target of $51.68 a share. Guggenheim reiterated a "buy" rating and issued a $40.00 target price on shares of Kroger Company (The) in a research note on Tuesday.
At the moment 25 analysts are watching Kroger Company (The) (NASDAQ:KR), 9 rate it "Buy", 5 "Outperform", 9 "Underperform", 1 "Sell", while 1 "Hold". Finally, Vetr upgraded Kroger Company (The) from a "buy" rating to a "strong-buy" rating and set a $37.30 price target for the company in a research report on Tuesday, February 7th. The stock was sold at an average price of $34.35, for a total value of $343,500.00. (NYSE:KR), according to U.S. Securities and Exchange Commission (SEC) filings. Following the completion of the transaction, the insider is left with a stake of 240,433 shares, amounting $7645769.4. The disclosure for this sale can be found here. Beta value of the stock is marked at 0.77. It operates through retail operations segment. The Company also manufactures and processes food for sale in its supermarkets.