Stock Update: The Kroger Co (NYSE:KR) – Kroger Completes Tender Offer of Shares of Roundy’s

[PR Newswire] – CINCINNATI and MILWAUKEE, Dec. 18, 2015 /PRNewswire/ — The Kroger Co. (KR) and Roundy’s, Inc. (RNDY) today announced the successful completion of Kroger’s tender offer to purchase all outstanding shares of Roundy’s common stock for $3.60 per share in cash. Kroger expects to complete the acquisition of the remaining eligible Roundy’s shares not acquired in the tender offer later today through a merger under Section 251(h) of the General Corporation Law of the State of Delaware. Read more on this. The Kroger Co. (KR) , currently valued at $39.26B, started the session at $41.56. Today’s price range has been between $40.64 and $41.60 per share with a trailing 52-week range being $27.32 to $42.58. KR shares are currently priced at 20.56x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 18.75x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $0.42 per share annually in dividends, yielding 0.99%. According to a consensus of 21 analysts, the earnings estimate of $0.54 per share would be $0.02 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $2.04 is a $0.28 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $26.27 Billion. If realized, that would be a 4.20% increase over the year-ago quarter. In terms of ratings, Wells Fargo Initiated KR at Outperform (Dec 18, 2015). Previously, Macquarie Initiated KR at to Neutral. The average price target for KR shares by the analysts covering the stock is $44.12, which is 6.16% above where the stock opened this morning. See more in (NYSE:KR) Similar Articles: Stock Update: The Kroger Co (NYSE:KR) – Kroger Board of Directors Declares Quarterly Dividend Company Update: The Kroger Co (NYSE:KR) – Kroger Second Quarter Conference Call with Investors Stock Update: The Kroger Co (NYSE:KR) – Kroger Announces Creation of Two Supermarket Divisions in Texas