McClatchy Co. (MNI) Reaches New 12-Month High at $19.18
Shares of McClatchy Co. (NYSE:MNI) reached a new 52-week high during trading on Monday . The stock traded as high as $19.18 and last traded at $18.65, with a volume of 82,740 shares changing hands. The stock had previously closed at $17.72.
Separately, Zacks Investment Research lowered shares of McClatchy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 29th.
The stock has a 50 day moving average price of $14.87 and a 200 day moving average price of $11.89. The stock’s market cap is $146.74 million.
McClatchy (NYSE:MNI) last posted its earnings results on Thursday, July 21st. The company reported ($1.89) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.54) by $1.35. The business had revenue of $242.20 million for the quarter, compared to analysts’ expectations of $243.10 million. The firm’s revenue was down 7.7% compared to the same quarter last year. Equities research 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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