Looking ahead, KR, forecast full-year 2017 EPS of $2.21 to $2.25, which straddles Wall Street's consensus estimate of $2.23. Kroger Company (The) had a net margin of 1.77% and a return on equity of 31.48%.
But it also ended a more than four-year streak of same-store sales growth.
The supermarket chain expects annual net earnings to range from $2.21 to $2.25 a diluted share; analysts polled by Thomson Reuters expected $2.23 a share. Kroger Company (The) (NASDAQ:KR) has fallen 0.03% over the past 6 months and is downtrending. (KR) has a US$29.89 Billion market cap. This represents a $0.48 annualized dividend and a yield of 1.50%. The ex-dividend date is Monday, February 13th. In order to determine directional movement, the 50-day and 200-day moving averages for The Kroger Co.
Several equities analysts recently issued reports on the company. Zacks Investment Research lowered shares of Kroger Company (The) from a "hold" rating to a "sell" rating in a research note on Thursday, December 8th. Given that liquidity is king in short-term, KR is a stock with 940 million shares outstanding that normally trades 1.33% of its float. The company's stock had a trading volume of 9,555,558 shares. As per tipranks.com, 5 analysts has covered the stock while recommending a "Moderate Buy". The analysts, on average, are forecasting a $36.09 price target, but the stock is already up 11.58% from its recent lows. Over the past month the firm's stock is -4.24%, -4.41% for the last quarter, -0.11% for the past six-months and -19.96% for the previous year. The stock was sold at an average price of $34.35, for a total value of $343,500.00. Also, insider Michael Joseph Donnelly sold 10,000 shares of the firm's stock in a transaction on Tuesday, December 13th. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Russian, Syrian planes hit US-backed fighters
Townsend told reporters that he believed the Russians and Syrians had thought that the villages were held by Islamic State forces. Quick calls to Russian forces through "deconfliction channels" stopped the bombing, he said.
In related news, insider Christopher T. Hjelm sold 15,120 shares of the firm's stock in a transaction that occurred on Wednesday, December 7th. Following the completion of the sale, the insider now owns 240,433 shares of the company's stock, valued at $7,994,397.25. The disclosure for this sale can be found here. Insiders have sold 39,226 shares of company stock worth $1,310,892 over the last three months. Capital Research Global Investors raised its position in Kroger Company (The) by 17.3% in the third quarter. Finally, Blenheim Capital Management BV bought a new position in Kroger Company (The) during the fourth quarter valued at about $245,000.
Net earnings for the fourth quarter totaled $506 million, or $0.53 per diluted share.
Meanwhile, the Cincinnati-based grocery giant reported a 5.5 percent increase in overall sales for the fourth quarter, and 5 percent for all of 2016, plus its 12th consecutive year of market share gains.