McClatchy Co. (MNI) Hits New 12-Month High at $17.51
Shares of McClatchy Co. (NYSE:MNI) reached a new 52-week high during trading on Monday . The stock traded as high as $17.51 and last traded at $16.82, with a volume of 64,593 shares changing hands. The stock had previously closed at $16.88.
Separately, Zacks Investment Research cut McClatchy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 29th.
The firm’s market cap is $135.97 million. The company’s 50 day moving average is $13.06 and its 200-day moving average is $11.50.
McClatchy (NYSE:MNI) last released its earnings results on Wednesday, April 20th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.01. The company earned $237.80 million during the quarter, compared to analyst estimates of $241.79 million. The business’s quarterly revenue was down 7.5% compared to the same quarter last year. On average, equities analysts anticipate that McClatchy Co. will post ($0.70) earnings per share 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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