tronc (TRNC) Earning Somewhat Positive News Coverage, Accern Reports
Media coverage about tronc (NASDAQ:TRNC) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. tronc earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.6625249925534 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
tronc (NASDAQ TRNC) traded up 0.28% during mid-day trading on Thursday, reaching $14.38. 45,120 shares of the company’s stock were exchanged. The company has a market cap of $473.00 million, a PE ratio of 40.28 and a beta of 1.77. tronc has a 52-week low of $8.76 and a 52-week high of $17.93. The stock has a 50-day moving average price of $13.01 and a 200 day moving average price of $13.21.
tronc (NASDAQ:TRNC) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.35. The company had revenue of $369.79 million during the quarter, compared to analysts’ expectations of $375.05 million. tronc had a net margin of 0.83% and a return on equity of 63.98%. Equities analysts predict that tronc will post $0.81 earnings per share for the current fiscal year.
A number of analysts have issued reports on the stock. Noble Financial reiterated a “buy” rating on shares of tronc in a research note on Saturday, May 6th. Zacks Investment Research upgraded shares of tronc from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, August 9th. ValuEngine cut shares of tronc from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Finally, TheStreet cut shares of tronc from a “c-” rating to a “d” rating in a research note on Friday, May 26th.
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tronc, Inc, formerly Tribune Publishing Company, is a media company. As of December 25, 2016, the Company operated over 150 titles in nine markets. Its portfolio of news and information brands are in markets, including Los Angeles and San Diego, California; Chicago, Illinois; Fort Lauderdale and Orlando, Florida; Baltimore, Maryland; Hartford, Connecticut; Allentown, Pennsylvania, and Newport News, Virginia.
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