Tribune Publishing Co. (TRNC) Sets New 1-Year High at $17.80
Tribune Publishing Co. (NASDAQ:TRNC) shares hit a new 52-week high on Monday . The company traded as high as $17.80 and last traded at $16.98, with a volume of 197,619 shares trading hands. The stock had previously closed at $16.84.
Separately, Noble Financial initiated coverage on Tribune Publishing in a report on Tuesday, August 23rd. They set a “buy” rating and a $21.00 target price on the stock.
The company’s market cap is $616.11 million. The company has a 50 day moving average of $15.12 and a 200-day moving average of $11.43.
Tribune Publishing (NASDAQ:TRNC) last released its earnings results on Wednesday, August 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The company earned $405 million during the quarter, compared to analysts’ expectations of $402.81 million. On average, equities research analysts predict that Tribune Publishing Co. will post $0.13 EPS for the current year.
In other Tribune Publishing news, Director Patrick Soon-Shiong purchased 3,400 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was bought at an average cost of $12.93 per share, with a total value of $43,962.00. Following the acquisition, the director now directly owns 410,057 shares of the company’s stock, valued at $5,302,037.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
tronc, Inc, formerly Tribune Publishing Company, is a content curation and monetization company focused on creating and distributing content across all channels. The Company’s portfolio of news and information brands includes daily and weekly titles, digital properties and verticals in markets across the country.
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