Journal Communications Upgraded by Zacks to “Outperform” (JRN)
Journal Communications (NYSE:JRN) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday. The firm currently has a $9.90 price target on the stock. Zacks‘s price target suggests a potential upside of 7.61% from the company’s current price.
Journal Communications (NYSE:JRN) traded up 3.72% during mid-day trading on Tuesday, hitting $9.20. The stock had a trading volume of 239,221 shares. Journal Communications has a 52-week low of $7.04 and a 52-week high of $10.00. The stock has a 50-day moving average of $8.24 and a 200-day moving average of $8.63. The company has a market cap of $467.9 million and a P/E ratio of 13.12.
Journal Communications (NYSE:JRN) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.04. The company had revenue of $96.60 million for the quarter, compared to the consensus estimate of $94.90 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts predict that Journal Communications will post $0.76 earnings per share for the current fiscal year.
Journal Communications, Inc operates through three business segments: publishing, broadcasting and corporate.
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