Equities analysts expect Tribune (NYSE:TRCO) to announce $488.77 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Tribune’s earnings, with the highest sales estimate coming in at $489.54 million and the lowest estimate coming in at $488.00 million. Tribune reported sales of $450.53 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.5%. The firm is expected to issue its next quarterly earnings report on Wednesday, November 14th.

On average, analysts expect that Tribune will report full-year sales of $1.96 billion for the current financial year, with estimates ranging from $1.96 billion to $1.97 billion. For the next year, analysts expect that the firm will report sales of $1.94 billion, with estimates ranging from $1.90 billion to $1.97 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Tribune.

Tribune (NYSE:TRCO) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.40. Tribune had a net margin of 28.61% and a return on equity of 7.18%. The business had revenue of $489.36 million during the quarter, compared to the consensus estimate of $483.10 million. During the same quarter last year, the company earned $0.36 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year.

A number of analysts have recently weighed in on TRCO shares. Zacks Investment Research downgraded shares of Tribune from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 12th. ValuEngine downgraded shares of Tribune from a “sell” rating to a “strong sell” rating in a research report on Monday, July 16th. Stephens raised shares of Tribune from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $45.00 to $41.00 in a research report on Tuesday, July 17th. Wells Fargo & Co decreased their price target on shares of Tribune from $42.00 to $36.00 and set a “market perform” rating for the company in a research report on Wednesday, July 18th. Finally, Evercore ISI started coverage on shares of Tribune in a research report on Tuesday, July 31st. They set a “buy” rating and a $40.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $40.20.

A number of institutional investors and hedge funds have recently made changes to their positions in TRCO. Northern Trust Corp lifted its stake in Tribune by 2.3% during the first quarter. Northern Trust Corp now owns 366,737 shares of the company’s stock worth $14,857,000 after purchasing an additional 8,103 shares during the last quarter. BlackRock Inc. lifted its stake in Tribune by 1.4% during the first quarter. BlackRock Inc. now owns 3,166,195 shares of the company’s stock worth $128,263,000 after purchasing an additional 44,969 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Tribune by 9.2% during the first quarter. Russell Investments Group Ltd. now owns 166,775 shares of the company’s stock worth $6,756,000 after purchasing an additional 14,084 shares during the last quarter. Sei Investments Co. lifted its stake in Tribune by 42.0% during the first quarter. Sei Investments Co. now owns 5,786 shares of the company’s stock worth $235,000 after purchasing an additional 1,712 shares during the last quarter. Finally, UBS Group AG lifted its stake in Tribune by 2,768.1% during the first quarter. UBS Group AG now owns 119,311 shares of the company’s stock worth $4,834,000 after purchasing an additional 115,151 shares during the last quarter. Hedge funds and other institutional investors own 93.41% of the company’s stock.

Shares of TRCO stock traded down $0.54 during mid-day trading on Friday, reaching $37.29. 508,866 shares of the company were exchanged, compared to its average volume of 1,096,911. Tribune has a fifty-two week low of $31.61 and a fifty-two week high of $43.71. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $3.27 billion, a P/E ratio of 26.45 and a beta of 1.20.

Tribune 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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Earnings History and Estimates for Tribune (NYSE:TRCO)

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