Tribune Media (TRCO) Receives Coverage Optimism Score of 0.10
Press coverage about Tribune Media (NYSE:TRCO) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tribune Media earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the company an impact score of 44.9800717474273 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several equities research analysts have recently issued reports on TRCO shares. BidaskClub raised shares of Tribune Media from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Deutsche Bank started coverage on shares of Tribune Media in a research report on Friday, October 20th. They issued a “hold” rating and a $42.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Tribune Media from a “hold” rating to a “strong sell” rating in a research report on Saturday, October 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $44.70.
Shares of Tribune Media (TRCO) opened at $43.40 on Thursday. The firm has a market cap of $3,784.50, a price-to-earnings ratio of -32.63, a P/E/G ratio of 8.58 and a beta of 1.51. Tribune Media has a fifty-two week low of $27.75 and a fifty-two week high of $43.64. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.01.
Tribune Media (NYSE:TRCO) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.06). The firm had revenue of $450.53 million for the quarter, compared to analyst estimates of $459.81 million. Tribune Media had a negative net margin of 6.12% and a positive return on equity of 4.11%. Tribune Media’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 earnings per share. equities analysts anticipate that Tribune Media will post 1.11 earnings per share for the current year.
In related news, insider Tribune L.P. Oaktree sold 7,000,000 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $40.36, for a total transaction of $282,520,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is currently owned by company insiders.
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About Tribune Media
Tribune Media Company, through its subsidiaries, operates as a media and entertainment company in the United States. It offers news, entertainment, and sports programming through Tribune Broadcasting local television stations, including FOX television affiliates, CW Network, LLC television affiliates, CBS television affiliates, ABC television affiliates, NBC television affiliates, and independent television stations; and television series and movies on WGN America, a national general entertainment cable network.
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