Kroger (KR)

[Nebuchadnezzar]

KR consensus EPS of $2.74 for full year gives KR a PE of 11.5 at $31.50

even low end of $2.30 x 11.5 is $26.45

Kroger is obviously trading at a low PE multiple and way below historical average of S&P 500.

$2.30 x 15 is $34.50
x 16 is $36.80
x 18 is $41.40

$2.74 x 15 is $41.10
x 16 is $43.84
x 18 is $49.32

.64 dividend on roughly 780,000,000 shares

they should keep the dividend wear it is until they buy back another 50-100 million shares

imo, I think KR is a $50 stock in not too distant future