Stock Update (NYSE:KR): Kroger Recalls Sunflower Products after Supplier Listeria Concern

[PR Newswire] – CINCINNATI, May 4, 2016 /PRNewswire/ — The Kroger Co. (NYSE: KR) said today it is recalling Kroger Sunflower Salad Toppers, Kroger Sunflower Kernels, and Kroger Cranberry Delight Trail Mix because a supplier … Read more on this. The Kroger Co. (KR) , with a current market cap of $33.69B, started the session at $35.03. Today, shares have traded between $34.19 and $35.08 per share and has traded between $27.32 and $42.75 over the past 12 months. KR shares are currently priced at 15.71x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 23.06x earnings multiple for the same period. The company pays shareholders $0.42 per share in dividend income per year, for a current yield of 1.19%. 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 $34.81 Billion. If realized, that would be a 5.33% increase over the year-ago quarter. More recently, Sun Trust Rbsn Humphrey Initiated KR at Neutral (May 3, 2016). Previously, Macquarie downgraded KR from Neutral to Underperform. When considering if the stock is under or overvalued, the average price target is $42.95, which is 22.61% above where the stock opened this morning. See more in (NYSE:KR) Similar Articles: Stock Update: The Kroger Co (NYSE:KR) – Kroger to Participate in the TAG Spring Consumer Conference 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%