Kroger Co (NYSE:KR) Given Price Target Of $39.846


As per Kroger Co (NYSE:KR)’s news release on 2016-06-23, its shareholders will get cash dividend of $0.12 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-15 and 2016-09-01, respectively.

The stock will commence trading ex-dividend from 2016-08-11, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Kroger Co (NYSE:KR) disbursed $0.12 in dividend compared to distribution of $0.12, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 47.0588%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Kroger Co (NYSE:KR) to attain a price target of $39.846. It is an average estimate figure given by 13 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $51. The low price range is set at $27 for next year while the arithmetic mean is seen at 2.1.

Eyeing Earnings Kroger Co (NYSE:KR) is likely to post quarterly numbers around 2016-09-09 for the quarter ending 2016-07-31. The quarterly EPS projection is set at $0.45 for the period ending on 2016-07-31.

In last quarter ended 2016-01-31, Kroger Co (NYSE:KR) earnings came at $0.7 suggesting a deviation of $0.01. The brokerages targeted EPS of $0.69 for the quarter.

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