Stock Update: The Kroger Co (NYSE:KR) – Kroger to Participate in the TAG Spring Consumer Conference

[PR Newswire] – CINCINNATI, March 16, 2016 /PRNewswire/ — The Kroger Co. (NYSE: KR) today announced that Mike Schlotman, Kroger’s executive vice president and CFO, will address investors at the TAG Spring Consumer Conference … Read more on this. The Kroger Co. (KR) , valued at $37.66B, began trading this morning at $37.87. Looking at today’s trading action, the company’s one day range from $37.82 to $38.66 and has traded between $27.32 and $42.75 over the past 12 months. Kroger (KR) shares are currently priced at 17.14x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.75x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.42 per share annually in dividends, yielding 1.09%. According to a consensus of 24 analysts, the earnings estimate of $0.69 per share would be $0.06 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $2.24 which would be a $0.18 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $34.82 Billion. If realized, that would be a 5.36% increase over the year-ago quarter. Recently, Macquarie downgraded KR from Neutral to Underperform (Mar 4, 2016). Previously, Stifel Initiated KR at to Buy. Given all the information above, we should disclose to readers that the average price target is $43.36, which is 14.50% above than it opened this morning. See more in (NYSE:KR) Similar Articles: Stock Update: The Kroger Co (NYSE:KR) – Kroger Completes Tender Offer of Shares of Roundy’s Market Update: The Kroger Co (NYSE:KR) – Kroger’s Carbon Disclosure Project Score Improves 48% Stock Update: The Kroger Co (NYSE:KR) – Kroger Board of Directors Declares Quarterly Dividend