Tribune Media Company (NYSE:TRCO) has received a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $43.88.
TRCO has been the topic of several recent analyst reports. BidaskClub raised Tribune Media from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Zacks Investment Research raised Tribune Media from a “strong sell” rating to a “hold” rating in a report on Wednesday. Jefferies Group LLC reissued a “hold” rating and issued a $42.00 target price on shares of Tribune Media in a report on Monday, August 14th. Finally, Deutsche Bank AG initiated coverage on Tribune Media in a report on Friday, October 20th. They issued a “hold” rating and a $42.00 target price on the stock.
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Shares of Tribune Media (TRCO) traded down $0.01 on Friday, hitting $41.18. The stock had a trading volume of 1,180,000 shares, compared to its average volume of 545,092. The firm has a market cap of $3,595.06, a P/E ratio of 28.40, a P/E/G ratio of 12.37 and a beta of 1.52. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.01. Tribune Media has a fifty-two week low of $27.75 and a fifty-two week high of $43.04.
Tribune Media (NYSE:TRCO) last announced its earnings results on Wednesday, November 8th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.06). The business had revenue of $450.53 million during the quarter, compared to analyst estimates of $459.81 million. Tribune Media had a positive return on equity of 4.11% and a negative net margin of 6.12%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 earnings per share. sell-side analysts anticipate that Tribune Media will post 1.11 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Monday, November 20th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.43%. The ex-dividend date is Friday, November 17th. Tribune Media’s dividend payout ratio (DPR) is presently -75.19%.
Hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC bought a new position in Tribune Media in the 2nd quarter worth approximately $1,981,000. P Schoenfeld Asset Management LP bought a new position in Tribune Media in the 2nd quarter worth approximately $18,969,000. Omni Partners LLP raised its position in shares of Tribune Media by 283.2% during the 2nd quarter. Omni Partners LLP now owns 383,181 shares of the company’s stock valued at $15,622,000 after acquiring an additional 283,181 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Tribune Media by 68.6% during the 2nd quarter. Alliancebernstein L.P. now owns 79,490 shares of the company’s stock valued at $3,241,000 after acquiring an additional 32,356 shares during the last quarter. Finally, Leucadia National Corp bought a new stake in shares of Tribune Media during the 2nd quarter valued at $10,666,000. Hedge funds and other institutional investors own 96.66% of the company’s stock.
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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