Wall Street analysts predict that Tribune (NYSE:TRCO) will announce earnings per share of $1.20 for the current quarter, Zacks reports. Two analysts have provided estimates for Tribune’s earnings, with the highest EPS estimate coming in at $1.53 and the lowest estimate coming in at $0.86. Tribune posted earnings of $0.81 per share during the same quarter last year, which would indicate a positive year over year growth rate of 48.1%. The company is expected to announce its next earnings results on Thursday, March 7th.

On average, analysts expect that Tribune will report full year earnings of $3.25 per share for the current fiscal year, with EPS estimates ranging from $2.85 to $3.65. For the next financial year, analysts forecast that the firm will report earnings of $1.85 per share, with EPS estimates ranging from $1.42 to $2.19. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Tribune.

Tribune (NYSE:TRCO) last posted its quarterly earnings results on Friday, November 9th. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.08. The firm had revenue of $498.00 million during the quarter, compared to analyst estimates of $481.79 million. Tribune had a return on equity of 7.72% and a net margin of 31.69%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the company earned $0.31 earnings per share.

TRCO has been the topic of a number of research reports. Stephens downgraded Tribune from an “overweight” rating to an “equal” rating and lowered their price target for the company from $41.00 to $37.00 in a research report on Thursday, July 19th. ValuEngine downgraded Tribune from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Evercore ISI initiated coverage on Tribune in a research report on Tuesday, July 31st. They set a “buy” rating and a $40.00 price target on the stock. Finally, Zacks Investment Research downgraded Tribune from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Tribune presently has an average rating of “Hold” and a consensus target price of $40.20.

NYSE:TRCO opened at $38.60 on Tuesday. The firm has a market cap of $3.40 billion, a P/E ratio of 27.38 and a beta of 1.06. Tribune has a 52-week low of $31.61 and a 52-week high of $43.71. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.35 and a quick ratio of 3.24.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Monday, November 19th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 16th. This represents a $1.00 annualized dividend and a dividend yield of 2.59%. Tribune’s dividend payout ratio is currently 70.92%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baupost Group LLC MA grew its stake in shares of Tribune by 100.1% in the third quarter. Baupost Group LLC MA now owns 5,996,042 shares of the company’s stock worth $230,428,000 after purchasing an additional 3,000,000 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Tribune by 1,932.4% in the third quarter. AQR Capital Management LLC now owns 540,977 shares of the company’s stock worth $20,790,000 after purchasing an additional 514,359 shares during the last quarter. Putnam Investments LLC bought a new stake in shares of Tribune in the third quarter worth about $3,468,000. PointState Capital LP grew its stake in shares of Tribune by 221.8% in the third quarter. PointState Capital LP now owns 128,700 shares of the company’s stock worth $4,946,000 after purchasing an additional 88,700 shares during the last quarter. Finally, Raging Capital Management LLC bought a new stake in shares of Tribune in the third quarter worth about $10,760,000. Hedge funds and other institutional investors own 95.24% of the company’s stock.

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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