Analysts expect Tribune Media Co (NYSE:TRCO) to announce earnings per share (EPS) of $0.50 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Tribune Media’s earnings, with estimates ranging from $0.46 to $0.55. Tribune Media posted earnings per share of $0.85 during the same quarter last year, which would indicate a negative year over year growth rate of 41.2%. The firm is expected to report its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that Tribune Media will report full year earnings of $1.11 per share for the current fiscal year, with EPS estimates ranging from $1.06 to $1.16. For the next fiscal year, analysts forecast that the firm will report earnings of $1.69 per share, with EPS estimates ranging from $1.52 to $1.85. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Tribune Media.

Tribune Media (NYSE:TRCO) last issued its earnings results on Wednesday, November 8th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.06). Tribune Media had a negative net margin of 6.12% and a positive return on equity of 4.11%. The company had revenue of $450.53 million during the quarter, compared to analysts’ expectations of $459.81 million. During the same period last year, the business posted $0.56 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis.

A number of research analysts have recently weighed in on TRCO shares. Zacks Investment Research raised shares of Tribune Media from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 15th. BidaskClub raised shares of Tribune Media from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Deutsche Bank started coverage on shares of Tribune Media in a research note on Friday, October 20th. They set a “hold” rating and a $42.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $43.88.

In related news, insider Tribune L.P. Oaktree sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $40.36, for a total transaction of $282,520,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.55% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas boosted its position in Tribune Media by 1.5% during the second quarter. Teacher Retirement System of Texas now owns 5,948 shares of the company’s stock worth $243,000 after acquiring an additional 90 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Tribune Media by 9.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,097 shares of the company’s stock worth $126,000 after buying an additional 272 shares during the period. Aperio Group LLC raised its holdings in shares of Tribune Media by 6.2% in the second quarter. Aperio Group LLC now owns 8,587 shares of the company’s stock worth $350,000 after buying an additional 503 shares during the period. Hosking Partners LLP raised its holdings in shares of Tribune Media by 0.5% in the third quarter. Hosking Partners LLP now owns 283,878 shares of the company’s stock worth $11,599,000 after buying an additional 1,340 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of Tribune Media by 16.5% in the third quarter. Jane Street Group LLC now owns 9,823 shares of the company’s stock worth $401,000 after buying an additional 1,389 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Shares of Tribune Media (NYSE:TRCO) traded up $0.29 during trading on Friday, reaching $41.94. 1,169,400 shares of the company’s stock were exchanged, compared to its average volume of 1,451,811. Tribune Media has a 12 month low of $27.75 and a 12 month high of $43.04. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a market capitalization of $3,636.09, a PE ratio of 28.72, a PEG ratio of 12.51 and a beta of 1.51.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Monday, November 20th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 17th. This represents a $1.00 dividend on an annualized basis and a yield of 2.38%. Tribune Media’s dividend payout ratio (DPR) is currently -75.19%.

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Tribune Media Company Profile

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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