Media stories about Kroger (NYSE:KR) have been trending somewhat positive on Monday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kroger earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.7508647563982 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
A number of equities analysts recently issued reports on KR shares. Zacks Investment Research raised Kroger from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $22.00 price target on shares of Kroger in a report on Tuesday, November 14th. Citigroup upped their price target on Kroger from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, December 26th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $26.00 price target on shares of Kroger in a report on Friday, November 3rd. Finally, Northcoast Research raised Kroger from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Seventeen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Kroger presently has an average rating of “Hold” and a consensus price target of $29.48.
Shares of Kroger (NYSE:KR) traded down $0.09 during midday trading on Monday, reaching $29.63. The company’s stock had a trading volume of 9,210,795 shares, compared to its average volume of 9,210,000. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85. Kroger has a one year low of $19.69 and a one year high of $34.75. The stock has a market capitalization of $26,110.00, a PE ratio of 17.64, a P/E/G ratio of 3.90 and a beta of 0.93.
Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The company had revenue of $27.75 billion during the quarter, compared to analysts’ expectations of $27.48 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. equities analysts predict that Kroger will post 2.04 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, February 14th. Kroger’s dividend payout ratio (DPR) is presently 29.76%.
In other news, VP Carin L. Fike sold 1,538 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. Following the completion of the sale, the vice president now owns 25,956 shares in the company, valued at $664,733.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael Joseph Donnelly sold 15,400 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $27.66, for a total value of $425,964.00. The disclosure for this sale can be found here. Insiders have sold 58,868 shares of company stock valued at $1,607,426 in the last 90 days. Company insiders own 0.87% of the company’s stock.
WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Kroger (KR) Stock Price” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/01/22/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-kroger-kr-stock-price.html.
The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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