Tribune Media Company (TRCO) Set to Announce Earnings on Wednesday
Tribune Media Company (NYSE:TRCO) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, November 8th. Analysts expect Tribune Media to post earnings of $0.35 per share for the quarter.
Tribune Media (NYSE:TRCO) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.07). Tribune Media had a net margin of 2.49% and a return on equity of 4.38%. The company had revenue of $469.50 million for the quarter, compared to the consensus estimate of $472.56 million. During the same quarter last year, the company earned $0.52 earnings per share. The company’s revenue was down 2.1% compared to the same quarter last year. On average, analysts expect Tribune Media to post $1.25 EPS for the current fiscal year and $1.64 EPS for the next fiscal year.
Tribune Media Company (TRCO) opened at 40.93 on Wednesday. Tribune Media Company has a 1-year low of $27.75 and a 1-year high of $43.04. The company has a market capitalization of $3.57 billion, a P/E ratio of 73.75 and a beta of 1.53. The firm’s 50-day moving average is $40.63 and its 200-day moving average is $40.21.
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TRCO has been the topic of a number of research reports. Zacks Investment Research lowered shares of Tribune Media from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 13th. BidaskClub lowered shares of Tribune Media from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th. 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 reaffirmed a “hold” rating and set a $42.00 target price on shares of Tribune Media in a research report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $43.88.
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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