McClatchy Co. (MNI) Trading Down 3.1%
Shares of McClatchy Co. (NYSE:MNI) traded down 3.1% during trading on Monday . The company traded as low as $18.07 and last traded at $18.24, with a volume of 55,536 shares. The stock had previously closed at $18.83.
Separately, Zacks Investment Research lowered McClatchy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th.
The stock’s market capitalization is $143.28 million. The stock has a 50-day moving average price of $16.87 and a 200-day moving average price of $12.61.
McClatchy (NYSE:MNI) last released its quarterly earnings data on Thursday, July 21st. The company reported ($1.89) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.54) by $1.35. The business earned $242.20 million during the quarter, compared to analyst estimates of $243.10 million. The business’s quarterly revenue was down 7.7% on a year-over-year basis. Analysts forecast that McClatchy Co. will post ($2.10) EPS 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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