Analysts expect the company to report quarterly earnings at $1.00 per share, up from 93 cents per share in the year-ago period. Kroger projects to report quarterly revenue at $34.15 billion, compared to $33.91 billion a year earlier, according to data from Benzinga Pro.
- KR is biding its time at current levels. See the market dynamics here.
On Aug. 20, JP Morgan analyst Thomas Palmer downgraded Kroger from Overweight to Neutral and lowered the price target from $82 to $75.
With the recent buzz around Kroger, some investors may be eyeing potential gains from the company’s dividends, too. As of now, Kroger offers an annual dividend yield of 2.07%, which is a quarterly …