Kroger Co. (NYSE: KR) Could Achieve Gains In The Near Future

After Hours

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Stocks Info

Kroger Co. is listed on the NYSE in the Consumer Defensive sector while operating in the Grocery Stores industry. The current market capitalization of Kroger Co. is $39.56B. A total of 6.77 million shares were traded on the day, compared to an average of 5.12M shares.

In the most recent transaction, FIKE CARIN L sold 4,798 shares of KR for 45.52 per share on Sep 22 ’23. After the transaction, the Vice President and Treasurer now owns 4,156 company shares. In a previous transaction on Sep 15 ’23, FIKE CARIN L sold 6,000 shares at 46.50 per share. KR shares that Vice President and Treasurer owns now total 44,090.

Among the insiders who sold shares, Massa Timothy A disposed of 23,000 shares on Sep 12 ’23 at a per-share price of $45.46. This resulted in the Senior Vice President holding 194,956 shares of KR after the transaction. In another insider transaction, Massa Timothy A sold 23,000 shares at $47.95 per share on Apr 21 ’23. Company shares held by the Senior Vice President now total 194,956.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Kroger Co. pays an annual dividend of $1.13, resulting in a dividend yield of 2.05%, and it has a price to earnings (P/E) ratio of 18.56. KR’s most recent ex-dividend date was 2/14/2024 when it declared a $0.29 quarterly dividend that was paid in cash on 3/1/2024. Previously, the company paid the dividend on 12/1/2023 with an ex-dividend date of 11/14/2023. The KR stock dividend was $0.29 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, KR has a high of $56.04 and a low of $42.10.

As of this writing, KR has an earnings estimate of $1.37 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $1.5 per share and a lower estimate of $1.29. The company reported an EPS of $0.95 in the last quarter, which was 4.40% higher than expectations of $0.91.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. KR’s latest balance sheet shows that the firm has $2.90B in Cash & Short Term Investments as of fiscal 2022. There were $20.44B in debt and $16.32B in liabilities at the time. Its Book Value Per Share was $16.11, while its Total Shareholder’s Equity was $9.43B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KR is Buy with a score of 3.88.

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