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.
Iran test-fires two more missiles during naval exercises
An Iranian naval commander insisted that the naval maneuvers are limited to anti-terrorism and anti-piracy training purposes. The "Velayat 95" drills were launched on Sunday allowing Iran to use the Dehlaviyeh anti-ship missile for the first time.
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.