Tronc (TRNC) Earning Somewhat Favorable News Coverage, Analysis Finds

Press coverage about Tronc (NASDAQ:TRNC) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tronc earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.644149942449 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

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TRNC has been the topic of several research reports. Noble Financial upgraded Tronc to a “buy” rating and set a $19.00 price objective on the stock in a report on Monday, March 12th. BidaskClub downgraded Tronc from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 18th. Sidoti initiated coverage on Tronc in a report on Wednesday, January 17th. They set a “buy” rating and a $25.00 price objective on the stock. ValuEngine upgraded Tronc from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research downgraded Tronc from a “hold” rating to a “sell” rating in a report on Friday, March 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $20.67.

TRNC opened at $19.04 on Friday. The firm has a market cap of $671.66, a price-to-earnings ratio of 17.63 and a beta of 2.00. Tronc has a 52 week low of $10.80 and a 52 week high of $24.74. The company has a current ratio of 1.56, a quick ratio of 1.52 and a debt-to-equity ratio of 4.80.

Tronc (NASDAQ:TRNC) last announced its quarterly earnings results on Wednesday, March 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.35). Tronc had a net margin of 0.36% and a return on equity of 53.46%. The company had revenue of $435.02 million during the quarter, compared to analysts’ expectations of $424.20 million. equities research analysts forecast that Tronc will post 0.39 EPS for the current fiscal year.

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About Tronc

tronc, Inc, a media company, publishes newspapers worldwide. The company operates in two segments, troncM and troncX. It publishes daily newspapers; weekly newspapers; and digital platforms, such as Websites and mobile applications. The company also provides various digital marketing services, which include the development of mobile Websites, search engine marketing and optimization, social media account management, and content marketing for its customers' Web presence for small to medium size businesses.

Insider Buying and Selling by Quarter for Tronc (NASDAQ:TRNC)

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