Could Kroger Co. (KR) stock price achieve new all-time highs if its expected earnings and revenue increase?

Stocks of Kroger Co. (NYSE:KR) traded higher last session on Wall Street, up 0.75% to $52.37.

KR stock price is now -5.50% away from the 50-day moving average and 8.00% away from the 200-day moving average. The market capitalization of the company currently stands at $38.10B.

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With the price target enhanced from $58 to $65, Wells Fargo Upgraded its rating from Equal Weight to Overweight for Kroger Co. (NYSE: KR). On April 08, 2024, Exane BNP Paribas Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock keeping its target price maintained at $48, while ‘Telsey Advisory Group’ rates the stock as ‘Outperform’

In other news, Foley Todd A, Senior VP & Interim CFO sold 6,616 shares of the company’s stock on Apr 26 ’24. The stock was sold for $368,467 at an average price of $55.69. Upon completion of the transaction, the Senior VP & Interim CFO now directly owns 46,958 shares in the company, valued at $2.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 25 ’24, Senior Vice President Kimball Kenneth C sold 30,251 shares of the business’s stock. A total of $1,693,451 was realized by selling the stock at an average price of $55.98. This leaves the insider owning 105,298 shares of the company worth $5.51 million. A total of 0.79% of the company’s stock is owned by insiders.

During the past 12 months, Kroger Co. has had a low of $42.10 and a high of $58.34. As of last week, the company has a debt-to-equity ratio of 1.66, a current ratio of 0.81, and a quick ratio of 0.36. According to the stock market information, the enterprise value for the company is $58016759808, which is based on a 17.69 price-to-earnings ratio, a 2.21 price-to-earnings-growth ratio, and a beta of 0.43. The fifty day moving average price for KR is $55.328 and a two-hundred day moving average price translates $48.51245 for the stock.

The latest earnings results from Kroger Co. (NYSE: KR) was released for 2021-05-22. According to the Grocery Stores Company, earnings per share came in at 1.51, beating analysts’ expectations of 1.46 by 0.05. This compares to $0.62 EPS in the same period last year. The net profit margin was 1.43% and return on equity was 19.82% for KR. The company reported revenue of $37.06 billion for the quarter, compared to $34.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.44 percent. For the current quarter, analysts expect KR to generate $45.05B in revenue.

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