Tribune Media Company (NYSE:TRCO) Set to Announce Earnings on Wednesday
Tribune Media Company (NYSE:TRCO) will be posting its quarterly earnings results before the market opens on Wednesday, August 9th. Analysts expect Tribune Media to post earnings of $0.42 per share for the quarter.
Tribune Media (NYSE:TRCO) last posted its earnings results on Wednesday, May 10th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.14. The business had revenue of $439.90 million for the quarter, compared to analysts’ expectations of $450.18 million. Tribune Media had a negative net margin of 4.09% and a positive return on equity of 4.40%. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period last year, the business posted $0.22 EPS. On average, analysts expect Tribune Media to post $1.42 EPS for the current fiscal year and $2.04 EPS for the next fiscal year.
Tribune Media Company (NYSE:TRCO) opened at 40.80 on Monday. The firm’s 50-day moving average is $41.08 and its 200-day moving average is $37.43. The stock’s market cap is $3.55 billion. Tribune Media Company has a 52-week low of $27.75 and a 52-week high of $43.04.
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Several analysts have recently issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and set a $42.00 price target on shares of Tribune Media in a research report on Wednesday, June 14th. Morgan Stanley raised shares of Tribune Media from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $37.00 to $43.50 in a research report on Tuesday, May 9th. Zacks Investment Research cut shares of Tribune Media from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 13th. BWS Financial reduced their price target on shares of Tribune Media from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, May 1st. Finally, Wells Fargo & Company cut shares of Tribune Media from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.50.
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