Kroger (NYSE:KR – Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02, Briefing.com reports. The company had revenue of $33.91 billion during the quarter, compared to the consensus estimate of $34.09 billion. Kroger had a net margin of 1.43% and a return on equity of 29.89%. Kroger’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Kroger updated its FY 2024 guidance to 4.300-4.500 EPS and its FY25 guidance to $4.30-4.50 EPS.
Kroger Trading Up 1.3 %
Shares of KR traded up $0.71 on Friday, hitting $55.91. 5,607,388 shares of the stock traded hands, compared to its average volume of 5,006,970. Kroger has a 1 year low of $42.10 and a 1 year high of $58.34. The stock’s 50 day moving average is $53.38 and its two-hundred day moving average is $53.62. The firm has a market capitalization of $40.36 billion, a P/E ratio of 19.08, a P/E/G ratio of 0.80 and a beta of 0.47. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 0.97.
Kroger Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, August 15th. This is an increase from Kroger’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.29%. Kroger’s payout ratio is 43.69%.
Analyst Upgrades and Downgrades
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Insiders Place Their Bets
In other Kroger news, VP Brian W. Nichols sold 2,000 shares of the stock in a transaction 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 transaction, the vice president now owns 18,063 shares of the company’s stock, valued at approximately $984,975.39. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is owned by corporate insiders.
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.
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