Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Kroger Company (The) (KR) Share Price
News stories about Kroger Company (The) (NYSE:KR) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kroger Company (The) earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.6816359439929 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Quest: Will Zimbabwe have more of the same after Mugabe? (money.cnn.com)
- Kroger expands grocery delivery service in time for Thanksgiving (chron.com)
- Kroger Elevates its Floral Line with New BLOOM HAUS™ Brand (finance.yahoo.com)
- Kroger Elevates its Floral Line with New BLOOM HAUS™ Brand – PR Newswire (press release) (prnewswire.com)
- Reporting Into Strength, Kroger Could Deliver A Beat – Seeking Alpha (seekingalpha.com)
Kroger Company (NYSE:KR) traded up $0.36 during midday trading on Thursday, hitting $23.14. 9,755,600 shares of the company’s stock were exchanged, compared to its average volume of 12,108,404. The company has a market capitalization of $20,263.31, a PE ratio of 11.93, a PEG ratio of 1.76 and a beta of 0.82. Kroger Company has a 12-month low of $19.69 and a 12-month high of $36.44. The company has a current ratio of 0.87, a quick ratio of 0.33 and a debt-to-equity ratio of 2.13.
Kroger Company (The) (NYSE:KR) last posted its earnings results on Friday, September 8th. The company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $27.60 billion for the quarter, compared to analysts’ expectations of $27.48 billion. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share. analysts expect that Kroger Company will post 1.99 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.16%. Kroger Company (The)’s payout ratio is presently 30.30%.
A number of research firms have recently weighed in on KR. BidaskClub upgraded shares of Kroger Company (The) from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $22.00 price target on shares of Kroger Company (The) in a research report on Tuesday, November 14th. Stephens began coverage on shares of Kroger Company (The) in a research report on Friday, August 11th. They issued an “underweight” rating and a $20.00 price target for the company. Vetr upgraded shares of Kroger Company (The) from a “buy” rating to a “strong-buy” rating and set a $27.01 price target for the company in a research report on Wednesday, August 9th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating and issued a $22.00 price target on shares of Kroger Company (The) in a research report on Wednesday, October 4th. Nineteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $29.10.
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About Kroger Company (The)
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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