Kroger Co. buy gerihouse
Summary
This prediction ended on 01.09.14 with a price of €19.21. With a performance of 6.56%, the BUY prediction by gerihouse for Kroger Co. closed with a slight gain. gerihouse has 50% into this predictionPerformance without dividends (%)
| Name | 1w | 1m | 1y | 3y |
|---|---|---|---|---|
| Kroger Co. | -2.129% | -2.129% | -9.809% | 30.343% |
| iShares Core DAX® | 0.795% | 1.458% | 17.980% | 69.888% |
| iShares Nasdaq 100 | -3.088% | -0.762% | 3.169% | 101.814% |
| iShares Nikkei 225® | -0.952% | -2.268% | 12.208% | 45.300% |
| iShares S&P 500 | -1.393% | 0.199% | 1.698% | 63.763% |
Comments by gerihouse for this prediction
In the thread Kroger Co. diskutieren
52 Wochen High
Kroger lässt die Quartalsdividende mit 16,5 US-Cents stabil. Der Konzern aus Cincinnati schüttet auf das Jahr hochgerechnet damit weiterhin 0,66 US-Dollar aus. Dies entspricht beim derzeitigen Aktienkurs von 49,39 US-Dollar (Stand: 26. Juni 2014) einer Dividendenrendite von 1,34 Prozent. Aktionäre erhalten die nächste Auszahlung am 1. September 2014
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Shares of The Kroger Co. reached a 52-week high of $50.20 yesterday following the company’s better-than-expected first-quarter fiscal 2014 results and upbeat outlook. Shares gained over 5% on the index before closing at $49.66. Year to date, the stock has increased 27.4%.
The quarterly results were driven by the company’s Customer 1st strategy and acquisition of Harris Teeter. The company posted earnings of $1.09 per share that surpassed the Zacks Consensus Estimate of $1.05, and surged 18.5% year over year. Total sales (including fuel center sales) grew 9.9% to $32,961 million from the prior-year quarter, and also came ahead of the Zacks Consensus Estimate of $32,636 million. Management stated that excluding fuel center sales, total sales rose 11.4%. Including the most recent quarter, the company has beaten the Zacks Consensus Estimate by an average of 4.4% in the trailing four quarters.
Consequently, management raised its fiscal 2014 guidance. Cincinnati-based Kroger now projects fiscal 2014 earnings in the band of $3.19 to $3.27 per share, up from its earlier predicted range of $3.14 to $3.25. The current Zacks Consensus Estimate for fiscal 2014 is $3.22, which could witness an uptrend in the coming days.
Kroger, one of the largest grocery store retailers, has maintained its strong performance despite a challenging macroeconomic backdrop primarily due to sturdy super market sales growth. Quarterly identical supermarket sales (stores that are open without expansion or relocation for 5 full quarters) excluding fuel center sales, increased 4.6% to $24,949 million.
Kroger now envisions identical supermarket sales (excluding fuel) growth of 3% to 4% for fiscal 2014, up from the previous projection of 2.5% to 3.5%.
Further, management continues to deploy capital to concentrate more on remodeling, merchandising and other viable projects. Moreover, acquisitions including that of Harris Teeter will continue to boost the company’s momentum.
