Tribune Media Company (NYSE:TRCO) has received a consensus recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $43.88.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Tribune Media from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 15th. BidaskClub upgraded shares of Tribune Media from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Deutsche Bank AG initiated coverage on shares of Tribune Media in a research report on Friday, October 20th. They set a “hold” rating and a $42.00 target price on the stock. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $42.00 target price on shares of Tribune Media in a research report on Monday, August 14th.
A number of large investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas raised its holdings in Tribune Media by 1.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,948 shares of the company’s stock worth $243,000 after purchasing an additional 90 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Tribune Media by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,097 shares of the company’s stock worth $126,000 after purchasing an additional 272 shares during the last quarter. Aperio Group LLC raised its holdings in Tribune Media by 6.2% during the 2nd quarter. Aperio Group LLC now owns 8,587 shares of the company’s stock worth $350,000 after purchasing an additional 503 shares during the last quarter. Hosking Partners LLP raised its holdings in Tribune Media by 0.5% during the 3rd quarter. Hosking Partners LLP now owns 283,878 shares of the company’s stock worth $11,599,000 after purchasing an additional 1,340 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in Tribune Media by 16.5% during the 3rd quarter. Jane Street Group LLC now owns 9,823 shares of the company’s stock worth $401,000 after purchasing an additional 1,389 shares during the last quarter. Institutional investors and hedge funds own 94.18% of the company’s stock.
Tribune Media (NYSE TRCO) traded down $0.02 on Friday, hitting $41.17. 156,903 shares of the stock were exchanged, compared to its average volume of 659,237. Tribune Media has a one year low of $27.75 and a one year high of $43.04. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.01. The firm has a market cap of $3,590.00, a P/E ratio of 28.39, a P/E/G ratio of 12.36 and a beta of 1.74.
Tribune Media (NYSE:TRCO) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). Tribune Media had a negative net margin of 6.12% and a positive return on equity of 4.11%. The company had revenue of $450.53 million during the quarter, compared to analyst estimates of $459.81 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. equities analysts predict that Tribune Media will post 1.11 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Monday, November 20th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 17th. This represents a $1.00 annualized dividend and a yield of 2.43%. Tribune Media’s dividend payout ratio is presently -144.93%.
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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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