McClatchy Co. (MNI) Stock Price Up 5.1%
McClatchy Co. (NYSE:MNI)’s share price rose 5.1% during mid-day trading on Wednesday . The stock traded as high as $15.65 and last traded at $15.62, with a volume of 62,531 shares changing hands. The stock had previously closed at $14.86.
Separately, Zacks Investment Research cut McClatchy from a “buy” rating to a “hold” rating in a report on Tuesday, March 29th.
The company’s market cap is $122.84 million. The firm’s 50-day moving average is $12.76 and its 200-day moving average is $11.43.
McClatchy (NYSE:MNI) last posted its earnings results on Wednesday, April 20th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. The company earned $237.80 million during the quarter, compared to the consensus estimate of $241.79 million. The company’s revenue was down 7.5% compared to the same quarter last year. On average, equities research analysts expect that McClatchy Co. will post ($0.70) EPS for the current fiscal 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.