Tribune Publishing Co. (TRNC) Stock Price Up 2.1%
Tribune Publishing Co. (NASDAQ:TRNC)’s share price rose 2.1% on Thursday . The company traded as high as $16.50 and last traded at $16.30, with a volume of 96,405 shares traded. The stock had previously closed at $15.97.
Separately, Noble Financial initiated coverage on shares of Tribune Publishing in a research report on Tuesday. They issued a “buy” rating and a $21.00 price target for the company.
The firm’s market cap is $594.99 million. The stock’s 50 day moving average price is $15.02 and its 200-day moving average price is $11.36.
Tribune Publishing (NASDAQ:TRNC) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $405 million for the quarter, compared to analysts’ expectations of $402.81 million. On average, analysts forecast that Tribune Publishing Co. will post $0.94 EPS for the current year.
In other Tribune Publishing news, Director Patrick Soon-Shiong purchased 3,400 shares of Tribune Publishing stock in a transaction on Monday, June 13th. The stock was bought at an average cost of $12.93 per share, with a total value of $43,962.00. Following the transaction, the director now owns 410,057 shares of the company’s stock, valued at approximately $5,302,037.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
tronc, Inc, formerly Tribune Publishing Company, is a content curation and monetization company focused on creating and distributing content across all channels. The Company’s portfolio of news and information brands includes daily and weekly titles, digital properties and verticals in markets across the country.
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