Tribune Company (TRBAA) Announces Quarterly Earnings Results, Misses Estimates By $0.27 EPS
Tribune Company (NASDAQ:TRBAA) posted its quarterly earnings results on Tuesday. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.27, Analyst Ratings Net reports. The company had revenue of $852.20 million for the quarter, compared to the consensus estimate of $836.52 million. The company’s revenue for the quarter was up 20.9% on a year-over-year basis.
A number of analysts have recently weighed in on TRBAA shares. Analysts at Odeon initiated coverage on shares of Tribune Company in a research note on Monday, March 24th. They set a “buy” rating and a $100.00 price target on the stock. Analysts at Zacks downgraded shares of Tribune Company from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $101.25.
Shares of Tribune Company (NASDAQ:TRBAA) opened at 79.51 on Tuesday. Tribune Company has a 1-year low of $52.87 and a 1-year high of $84.85. The stock has a 50-day moving average of $78.07 and a 200-day moving average of $76.65. The company has a market cap of $7.404 billion and a price-to-earnings ratio of 32.70.
Tribune Company is a media and entertainment company engaged in newspaper publishing, television and radio broadcasting and entertainment through its subsidiaries.
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