Tribune (TRCO) Earns Underperform Rating from Analysts at Wolfe Research

Research analysts at Wolfe Research assumed coverage on shares of Tribune (NYSE:TRCO) in a note issued to investors on Friday, The Fly reports. The brokerage set an “underperform” rating and a $44.00 price target on the stock. Wolfe Research’s price target would suggest a potential downside of 2.20% from the company’s previous close.

A number of other research analysts have also commented on the stock. ValuEngine raised shares of Tribune from a “sell” rating to a “hold” rating in a research report on Saturday, December 1st. Zacks Investment Research lowered shares of Tribune from a “buy” rating to a “hold” rating in a research report on Friday, November 30th. FinnCap assumed coverage on shares of Tribune in a research report on Tuesday, November 27th. They set a “buy” rating for the company. Finally, Gabelli assumed coverage on shares of Tribune in a research report on Tuesday, November 27th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Tribune has a consensus rating of “Hold” and an average target price of $40.67.

TRCO stock opened at $44.99 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.35 and a quick ratio of 3.35. Tribune has a 52-week low of $31.61 and a 52-week high of $45.15. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 1.44 and a beta of 1.03.

Tribune (NYSE:TRCO) last released its quarterly earnings results on Friday, November 9th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.08. The company had revenue of $498.00 million during the quarter, compared to analysts’ expectations of $481.79 million. Tribune had a net margin of 31.69% and a return on equity of 7.72%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 earnings per share. As a group, equities analysts anticipate that Tribune will post 3.35 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Marshall Wace North America L.P. acquired a new stake in shares of Tribune during the third quarter worth approximately $26,042,000. Vanguard Group Inc. increased its holdings in shares of Tribune by 3.0% during the third quarter. Vanguard Group Inc. now owns 7,113,334 shares of the company’s stock worth $273,365,000 after buying an additional 209,923 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Tribune by 7.4% during the third quarter. Legal & General Group Plc now owns 90,941 shares of the company’s stock worth $3,495,000 after buying an additional 6,281 shares in the last quarter. Penn Capital Management Co. Inc. acquired a new stake in shares of Tribune during the third quarter worth approximately $310,000. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Tribune by 91.4% during the third quarter. TIAA CREF Investment Management LLC now owns 366,614 shares of the company’s stock worth $14,089,000 after buying an additional 175,120 shares in the last quarter. 93.71% of the stock is owned by hedge funds and other institutional investors.

Tribune 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, MY 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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