McClatchy Co. (MNI) Shares Down 1.6%
Shares of McClatchy Co. (NYSE:MNI) were down 1.6% during mid-day trading on Friday . The company traded as low as $16.49 and last traded at $17.37, with a volume of 55,108 shares trading hands. The stock had previously closed at $17.65.
Separately, Zacks Investment Research lowered McClatchy from a “buy” rating to a “hold” rating in a report on Tuesday, March 29th.
The stock’s 50 day moving average price is $13.84 and its 200 day moving average price is $11.67. The stock’s market capitalization is $139.19 million.
McClatchy (NYSE:MNI) last released its quarterly earnings results on Wednesday, April 20th. The company reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.01. The firm had revenue of $237.80 million for the quarter, compared to the consensus estimate of $241.79 million. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. 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.
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