Tribune Publishing Co (NASDAQ:TPCO) has earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus target price of $18.00 for the company, according to Zacks. Zacks has also assigned Tribune Publishing an industry rank of 171 out of 256 based on the ratings given to its competitors.
Several equities research analysts have weighed in on TPCO shares. Zacks Investment Research reissued a “hold” rating on shares of Western New England Bancorp in a report on Saturday, June 29th. TheStreet downgraded Tribune Publishing from a “c-” rating to a “d+” rating in a report on Monday, May 20th. Finally, Noble Financial set a $19.00 price target on Tribune Publishing and gave the stock a “buy” rating in a report on Monday, March 18th.
Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC purchased a new stake in shares of Tribune Publishing during the fourth quarter worth approximately $39,000. Legal & General Group Plc purchased a new stake in shares of Tribune Publishing during the fourth quarter worth approximately $43,000. Great West Life Assurance Co. Can purchased a new stake in shares of Tribune Publishing during the fourth quarter worth approximately $42,000. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Tribune Publishing during the fourth quarter worth approximately $48,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Tribune Publishing during the fourth quarter worth approximately $79,000. 39.16% of the stock is owned by hedge funds and other institutional investors.
Shares of Tribune Publishing stock traded up $0.13 during trading on Friday, hitting $8.27. 67,700 shares of the stock traded hands, compared to its average volume of 111,445. The stock has a market cap of $292.67 million, a price-to-earnings ratio of 16.08 and a beta of 1.44. The company has a current ratio of 1.21, a quick ratio of 1.16 and a debt-to-equity ratio of 0.29. Tribune Publishing has a 52-week low of $7.96 and a 52-week high of $18.65. The firm’s fifty day moving average is $8.87.
Tribune Publishing (NASDAQ:TPCO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Tribune Publishing had a net margin of 24.95% and a return on equity of 2.63%. The company had revenue of $244.53 million for the quarter, compared to the consensus estimate of $235.40 million. On average, equities research analysts anticipate that Tribune Publishing will post 0.38 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which was paid on Tuesday, July 2nd. Investors of record on Wednesday, June 12th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Tuesday, June 11th.
About Tribune Publishing
Tribune Publishing Company, a media company, publishes newspapers worldwide. The company operates in two segments, M and X. 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.
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