McClatchy Co. (MNI) to Release Earnings on Thursday
McClatchy Co. (NYSE:MNI) is set to post its Q316 quarterly earnings results on Thursday, October 20th. Analysts expect McClatchy to post earnings of ($0.72) per share and revenue of $229.92 million for the quarter.
McClatchy (NYSE:MNI) last issued its quarterly earnings results on Thursday, July 21st. The company reported ($1.89) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.54) by $1.35. The business had revenue of $242.20 million for the quarter, compared to analysts’ expectations of $243.10 million. McClatchy had a negative return on equity of 1.17% and a negative net margin of 1.95%. The company’s revenue was down 7.7% compared to the same quarter last year. On average, analysts expect McClatchy to post $-3.45 EPS for the current fiscal year and $-0.14 EPS for the next fiscal year.
Shares of McClatchy Co. (NYSE:MNI) opened at 17.96 on Tuesday. McClatchy Co. has a 52 week low of $8.30 and a 52 week high of $19.77. The stock’s market capitalization is $137.05 million. The firm’s 50-day moving average is $16.09 and its 200-day moving average is $14.63.
Separately, Zacks Investment Research lowered McClatchy from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th.
The McClatchy Company is a news and information publisher of various publications, such as the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, and the (Fort Worth) Star-Telegram. The Company’s segments include Western Segment and Eastern Segment.
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