$0.50 Earnings Per Share Expected for Tribune Media Co (TRCO) This Quarter

Analysts expect that Tribune Media Co (NYSE:TRCO) will post earnings of $0.50 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Tribune Media’s earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.55. Tribune Media reported earnings of $0.85 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 41.2%. The firm is scheduled to issue 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 financial year, with EPS estimates ranging from $1.06 to $1.16. For the next fiscal year, analysts expect that the company will post earnings of $1.69 per share, with EPS estimates ranging from $1.52 to $1.85. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Tribune Media.

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

A number of research firms recently issued reports on TRCO. BidaskClub downgraded shares of Tribune Media from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Zacks Investment Research downgraded shares of Tribune Media from a “hold” rating to a “strong sell” rating in a report on Saturday, October 21st. Finally, Deutsche Bank began coverage on shares of Tribune Media in a report on Friday, October 20th. They issued a “hold” rating and a $42.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.88.

In other news, insider Tribune L.P. Oaktree sold 7,000,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $40.36, for a total value of $282,520,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.55% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in TRCO. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 in the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Tribune Media by 80.6% in the second quarter. Nationwide Fund Advisors now owns 4,976 shares of the company’s stock worth $203,000 after buying an additional 2,220 shares in the last quarter. Bluefin Trading LLC purchased a new position in shares of Tribune Media in the second quarter worth $204,000. LMR Partners LLP purchased a new position in shares of Tribune Media in the third quarter worth $204,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Tribune Media in the second quarter worth $233,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Tribune Media (NYSE TRCO) traded up $0.13 on Friday, hitting $42.53. 432,635 shares of the company were exchanged, compared to its average volume of 1,438,739. 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 $3,710.00, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 12.78 and a beta of 1.73. Tribune Media has a one year low of $27.75 and a one year high of $43.04.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.35%. The ex-dividend date was Friday, November 17th. Tribune Media’s dividend payout ratio is currently -144.93%.

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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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