McClatchy Co. (MNI) Trading Up 1.3%
McClatchy Co. (NYSE:MNI) shares were up 1.3% during mid-day trading on Thursday . The stock traded as high as $17.54 and last traded at $17.04, with a volume of 61,362 shares trading hands. The stock had previously closed at $16.82.
Separately, Zacks Investment Research cut shares of McClatchy from a “buy” rating to a “hold” rating in a report on Tuesday, March 29th.
The company’s market capitalization is $133.37 million. The stock’s 50-day moving average is $14.67 and its 200-day moving average is $11.85.
McClatchy (NYSE:MNI) last issued its quarterly earnings results on Thursday, July 21st. The company reported ($1.89) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.54) by $1.35. The business had revenue of $242.20 million for the quarter, compared to analysts’ expectations of $243.10 million. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, equities analysts anticipate that McClatchy Co. will post ($0.68) 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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