Equities research analysts expect Tribune Media (NYSE:TRCO) to post $482.65 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Tribune Media’s earnings, with estimates ranging from $479.00 million to $489.34 million. Tribune Media reported sales of $469.52 million during the same quarter last year, which indicates a positive year over year growth rate of 2.8%. The firm is expected to report its next quarterly earnings report on Wednesday, August 8th.
According to Zacks, analysts expect that Tribune Media will report full-year sales of $1.95 billion for the current financial year, with estimates ranging from $1.93 billion to $1.98 billion. For the next year, analysts expect that the business will report sales of $1.98 billion per share, with estimates ranging from $1.94 billion to $2.03 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Tribune Media.
Tribune Media (NYSE:TRCO) last announced its quarterly earnings data on Thursday, May 10th. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.39. Tribune Media had a net margin of 22.72% and a return on equity of 5.64%. The company had revenue of $443.64 million for the quarter, compared to the consensus estimate of $456.85 million. During the same period in the prior year, the firm posted ($0.07) EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year.
A number of brokerages have commented on TRCO. Deutsche Bank raised shares of Tribune Media from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Monday, May 7th. Zacks Investment Research raised shares of Tribune Media from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. Finally, ValuEngine downgraded shares of Tribune Media from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. Tribune Media has an average rating of “Hold” and a consensus price target of $43.67.
Shares of NYSE:TRCO opened at $37.88 on Friday. Tribune Media has a 52 week low of $34.81 and a 52 week high of $43.71. The company has a current ratio of 3.07, a quick ratio of 3.07 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 7.72 and a beta of 1.33.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 5th. Investors of record on Monday, May 21st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, May 18th. Tribune Media’s dividend payout ratio (DPR) is 70.92%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in shares of Tribune Media by 813.2% in the 1st quarter. Royal Bank of Canada now owns 2,977 shares of the company’s stock valued at $121,000 after buying an additional 2,651 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Tribune Media in the 4th quarter valued at $132,000. Quantbot Technologies LP purchased a new position in shares of Tribune Media in the 1st quarter valued at $194,000. Signition LP purchased a new position in shares of Tribune Media in the 1st quarter valued at $206,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Tribune Media in the 4th quarter valued at $212,000. 88.72% of the stock is currently owned by hedge funds and other institutional investors.
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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