McClatchy Co. (MNI) Stock Price Down 1.6%
McClatchy Co. (NYSE:MNI) was down 1.6% on Friday . The stock traded as low as $16.49 and last traded at $17.37, with a volume of 55,108 shares traded. The stock had previously closed at $17.65.
Separately, Zacks Investment Research upgraded McClatchy from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a report on Thursday, March 24th.
The company’s 50-day moving average price is $14.06 and its 200-day moving average price is $11.71. The stock’s market capitalization is $139.19 million.
McClatchy (NYSE:MNI) last issued 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 firm earned $237.80 million during the quarter, compared to analysts’ expectations of $241.79 million. The company’s revenue was down 7.5% compared to the same quarter last year. On average, equities analysts expect 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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