Tribune Company Common Stock (NYSE:TRCO) has received an average rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $39.25.
Several equities research analysts recently issued reports on TRCO shares. Zacks Investment Research cut shares of Tribune Company Common Stock from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 12th. ValuEngine downgraded shares of Tribune Company Common Stock from a “sell” rating to a “strong sell” rating in a research report on Monday, July 16th. Stephens upgraded shares of Tribune Company Common Stock from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $45.00 to $41.00 in a research report on Tuesday, July 17th. Wells Fargo & Co decreased their price target on shares of Tribune Company Common Stock from $42.00 to $36.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 18th. Finally, Evercore ISI began coverage on shares of Tribune Company Common Stock in a research report on Tuesday, July 31st. They issued a “buy” rating and a $40.00 price target on the stock.
Shares of TRCO stock opened at $36.80 on Wednesday. Tribune Company Common Stock has a 12-month low of $31.61 and a 12-month high of $43.71. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.24 and a current ratio of 3.24. The company has a market capitalization of $3.23 billion, a P/E ratio of 26.10 and a beta of 1.22.
Tribune Company Common Stock (NYSE:TRCO) last issued its earnings results on Thursday, August 9th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.40. Tribune Company Common Stock had a net margin of 28.61% and a return on equity of 7.18%. The company had revenue of $489.36 million for the quarter, compared to analysts’ expectations of $483.10 million. During the same quarter last year, the company posted $0.36 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. equities analysts predict that Tribune Company Common Stock will post 3.1 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Monday, August 20th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 17th. This represents a $1.00 annualized dividend and a yield of 2.72%. Tribune Company Common Stock’s payout ratio is presently 70.92%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRCO. Royal Bank of Canada raised its position in Tribune Company Common Stock by 813.2% in the first quarter. Royal Bank of Canada now owns 2,977 shares of the company’s stock worth $121,000 after acquiring an additional 2,651 shares during the period. NumerixS Investment Technologies Inc raised its position in shares of Tribune Company Common Stock by 170.1% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 3,782 shares of the company’s stock valued at $144,000 after purchasing an additional 2,382 shares during the period. Quantbot Technologies LP bought a new stake in shares of Tribune Company Common Stock during the 1st quarter valued at $194,000. Signition LP bought a new stake in shares of Tribune Company Common Stock during the 1st quarter valued at $206,000. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in shares of Tribune Company Common Stock during the 2nd quarter valued at $230,000. Institutional investors and hedge funds own 94.32% of the company’s stock.
Tribune Company Common Stock 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, MY 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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