tronc, Inc. (TRNC) to Release Quarterly Earnings on Monday
tronc, Inc. (NASDAQ:TRNC) is set to announce its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter.
tronc (NASDAQ:TRNC) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.35. The firm had revenue of $369.79 million for the quarter, compared to the consensus estimate of $375.05 million. tronc had a net margin of 0.83% and a return on equity of 63.98%. On average, analysts expect tronc to post $0.37 EPS for the current fiscal year and $-0.45 EPS for the next fiscal year.
tronc, Inc. (TRNC) opened at 15.30 on Monday. The stock has a 50 day moving average of $14.44 and a 200 day moving average of $13.36. The stock has a market capitalization of $503.26 million, a P/E ratio of 42.86 and a beta of 1.74. tronc, Inc. has a 1-year low of $8.76 and a 1-year high of $17.09.
A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of tronc from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 4th. Noble Financial reaffirmed a “buy” rating on shares of tronc in a research note on Thursday, September 7th.
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tronc Company Profile
tronc, Inc, formerly Tribune Publishing Company, is a media company. As of December 25, 2016, the Company operated over 150 titles in nine markets. Its portfolio of news and information brands are in markets, including Los Angeles and San Diego, California; Chicago, Illinois; Fort Lauderdale and Orlando, Florida; Baltimore, Maryland; Hartford, Connecticut; Allentown, Pennsylvania, and Newport News, Virginia.
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