Shares of Tribune Publishing Co (NASDAQ:TPCO) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus target price of $18.00 for the company and are anticipating that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also given Tribune Publishing an industry rank of 216 out of 256 based on the ratings given to related companies.
TPCO has been the topic of several research analyst reports. Noble Financial set a $19.00 target price on shares of Tribune Publishing and gave the stock a “buy” rating in a report on Tuesday, August 20th. Zacks Investment Research downgraded shares of Tribune Publishing from a “hold” rating to a “sell” rating in a report on Friday, August 30th.
Tribune Publishing (NASDAQ:TPCO) last announced its earnings results on Wednesday, August 7th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The firm had revenue of $250.33 million for the quarter. Tribune Publishing had a negative net margin of 0.34% and a positive return on equity of 4.93%. As a group, equities research analysts anticipate that Tribune Publishing will post 0.21 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the business. Water Island Capital LLC raised its holdings in Tribune Publishing by 127.1% during the 2nd quarter. Water Island Capital LLC now owns 72,734 shares of the company’s stock worth $580,000 after buying an additional 40,700 shares during the period. Intrinsic Edge Capital Management LLC raised its holdings in Tribune Publishing by 30.8% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 170,000 shares of the company’s stock worth $1,355,000 after buying an additional 40,000 shares during the period. Zebra Capital Management LLC acquired a new stake in Tribune Publishing during the 2nd quarter worth approximately $113,000. Algert Global LLC acquired a new stake in Tribune Publishing during the 2nd quarter worth approximately $127,000. Finally, Vanguard Group Inc. raised its holdings in Tribune Publishing by 10.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,212,851 shares of the company’s stock worth $9,667,000 after buying an additional 116,123 shares during the period. Hedge funds and other institutional investors own 36.15% of the company’s stock.
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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