McClatchy Co. (MNI) Shares Down 6.7%
McClatchy Co. (NYSE:MNI) shares were down 6.7% on Thursday . The stock traded as low as $15.32 and last traded at $15.38, with a volume of 51,852 shares trading hands. The stock had previously closed at $16.48.
Separately, Zacks Investment Research downgraded shares of McClatchy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th.
The stock’s market capitalization is $116.91 million. The firm’s 50-day moving average is $17.78 and its 200 day moving average is $13.56.
McClatchy (NYSE:MNI) last issued its quarterly earnings data on Thursday, July 21st. The company reported ($1.89) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.54) by $1.35. The company earned $242.20 million during 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, analysts expect that McClatchy Co. will post ($3.45) earnings per share 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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