Belo Corp. Series A (BLC) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS
Belo Corp. Series A (NYSE:BLC) issued its quarterly earnings data on Thursday. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.07, StockRatingsNetwork reports. The company had revenue of $166.20 million for the quarter, compared to the consensus estimate of $162.23 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was down 5.7% on a year-over-year basis.
On the ratings front, analysts at Zacks downgraded shares of Belo Corp. Series A from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 14th. They now have a $15.20 price target on the stock.
Shares of Belo Corp. Series A (NYSE:BLC) remained flat at $13.68 during trading on Thursday. The stock had a trading volume of 78,437 shares. Belo Corp. Series A has a 52 week low of $6.76 and a 52 week high of $14.51. The stock has a 50-day moving average of $13.79 and a 200-day moving average of $13.14. The company’s market cap is $1.421 billion.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 6th. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, October 10th.
Belo Corp. (NYSE:BLC) is a television company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.