Equities research analysts predict that Tribune Media Co (NYSE:TRCO) will post $457.76 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Tribune Media’s earnings, with the lowest sales estimate coming in at $451.00 million and the highest estimate coming in at $463.28 million. Tribune Media reported sales of $439.91 million in the same quarter last year, which indicates a positive year over year growth rate of 4.1%. The company is scheduled to issue its next quarterly earnings results on Wednesday, May 9th.

On average, analysts expect that Tribune Media will report full-year sales of $457.76 million for the current year, with estimates ranging from $1.97 billion to $2.00 billion. For the next financial year, analysts forecast that the business will report sales of $2.03 billion per share, with estimates ranging from $1.95 billion to $2.10 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Tribune Media.

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Tribune Media (NYSE:TRCO) last issued its quarterly earnings data on Thursday, March 1st. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.31. The business had revenue of $489.00 million for the quarter, compared to analyst estimates of $488.13 million. Tribune Media had a return on equity of 4.13% and a net margin of 10.50%. Tribune Media’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.

Separately, Zacks Investment Research upgraded Tribune Media from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Tribune Media has an average rating of “Hold” and a consensus price target of $44.70.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cerebellum GP LLC bought a new stake in shares of Tribune Media in the 4th quarter valued at about $132,000. Nationwide Fund Advisors grew its position in shares of Tribune Media by 80.6% in the 2nd quarter. Nationwide Fund Advisors now owns 4,976 shares of the company’s stock valued at $203,000 after buying an additional 2,220 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Tribune Media in the 3rd quarter valued at about $204,000. State of Alaska Department of Revenue bought a new stake in shares of Tribune Media in the 4th quarter valued at about $212,000. Finally, Suntrust Banks Inc. bought a new stake in shares of Tribune Media in the 4th quarter valued at about $255,000. Hedge funds and other institutional investors own 88.19% of the company’s stock.

Shares of Tribune Media (TRCO) remained flat at $$41.38 during mid-day trading on Friday. The company’s stock had a trading volume of 281,457 shares, compared to its average volume of 1,026,433. The firm has a market cap of $3,646.75, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 10.29 and a beta of 1.36. Tribune Media has a 1 year low of $35.98 and a 1 year high of $43.71. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.91.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Monday, March 12th will be given a $0.25 dividend. The ex-dividend date is Friday, March 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.42%. Tribune Media’s dividend payout ratio (DPR) is presently 46.08%.

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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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