McClatchy Co. (MNI) Trading 1.3% Higher
McClatchy Co. (NYSE:MNI)’s share price traded up 1.3% during trading on Thursday . The stock traded as high as $17.54 and last traded at $17.04, with a volume of 61,362 shares trading hands. The stock had previously closed at $16.82.
Separately, Zacks Investment Research upgraded McClatchy from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a report on Wednesday, June 29th.
The company’s 50-day moving average is $14.87 and its 200 day moving average is $11.89. The company’s market cap is $139.35 million.
McClatchy (NYSE:MNI) last released its quarterly earnings data on Thursday, July 21st. The company reported ($1.89) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.54) by $1.35. The firm earned $242.20 million during the quarter, compared to analyst estimates of $243.10 million. The company’s revenue was down 7.7% on a year-over-year basis. Analysts forecast that McClatchy Co. will post ($0.68) EPS for the current year.
The McClatchy Company is a news and information publisher of various publications, such as the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, and the (Fort Worth) Star-Telegram. The Company’s segments include Western Segment and Eastern Segment.
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