Brokerages expect Tribune Media (NYSE:TRCO) to report $0.08 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have provided estimates for Tribune Media’s earnings. The lowest EPS estimate is ($0.04) and the highest is $0.30. Tribune Media posted earnings of ($0.07) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 214.3%. The business is expected to issue its next earnings report on Wednesday, May 9th.

According to Zacks, analysts expect that Tribune Media will report full-year earnings of $2.03 per share for the current fiscal year, with EPS estimates ranging from $1.76 to $2.54. For the next fiscal year, analysts expect that the firm will post earnings of $1.84 per share, with EPS estimates ranging from $1.54 to $2.39. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Tribune Media.

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

Separately, Zacks Investment Research upgraded shares of Tribune Media from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Tribune Media has a consensus rating of “Hold” and an average target price of $44.10.

Large investors have recently added to or reduced their stakes in the stock. Cerebellum GP LLC bought a new stake in shares of Tribune Media during the 4th quarter valued at $132,000. State of Alaska Department of Revenue bought a new stake in shares of Tribune Media during the 4th quarter valued at $212,000. Suntrust Banks Inc. bought a new stake in shares of Tribune Media during the 4th quarter valued at $255,000. Vident Investment Advisory LLC bought a new stake in shares of Tribune Media during the 3rd quarter valued at $251,000. Finally, Public Employees Retirement Association of Colorado boosted its holdings in shares of Tribune Media by 233.9% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 7,620 shares of the company’s stock valued at $324,000 after buying an additional 5,338 shares in the last quarter. Institutional investors and hedge funds own 87.90% of the company’s stock.

Shares of NYSE TRCO opened at $40.18 on Thursday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.91. Tribune Media has a 52 week low of $36.18 and a 52 week high of $43.71. The firm has a market capitalization of $3,486.64, a P/E ratio of 28.26, a PEG ratio of 9.84 and a beta of 1.32.

The business also recently declared a quarterly dividend, which was paid on Monday, March 26th. Investors of record on Monday, March 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Friday, March 9th. Tribune Media’s dividend payout ratio (DPR) is currently 70.92%.

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Tribune Media Company Profile

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, MY 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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